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Take-Two Interactive (TTWO - Free Report) closed at $235.93 in the latest trading session, marking a -1.28% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.89%. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.
The publisher of "Grand Theft Auto" and other video games's shares have seen a decrease of 0.25% over the last month, surpassing the Consumer Discretionary sector's loss of 2.14% and the S&P 500's loss of 0.63%.
The investment community will be paying close attention to the earnings performance of Take-Two Interactive in its upcoming release. The company is slated to reveal its earnings on August 7, 2026. The company's earnings per share (EPS) are projected to be $0.31, reflecting a 49.18% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.35 billion, indicating a 4.81% decrease compared to the same quarter of the previous year.
TTWO's full-year Zacks Consensus Estimates are calling for earnings of $6.77 per share and revenue of $8.51 billion. These results would represent year-over-year changes of +65.12% and +26.56%, respectively.
Investors might also notice recent changes to analyst estimates for Take-Two Interactive. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.05% increase. As of now, Take-Two Interactive holds a Zacks Rank of #3 (Hold).
Digging into valuation, Take-Two Interactive currently has a Forward P/E ratio of 35.3. This denotes a premium relative to the industry average Forward P/E of 19.14.
We can additionally observe that TTWO currently boasts a PEG ratio of 3.53. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Gaming stocks are, on average, holding a PEG ratio of 1.23 based on yesterday's closing prices.
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 182, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Tamboran Resources Corporation (ASX:TBN, NYSE:TBN, OTC:TBNRL) has completed the largest stimulation campaign undertaken in the Beetaloo Basin, advancing three Shenandoah South wells toward planned first gas sales in the third quarter of 2026.
The company finished stimulation, cleanout and completion work at the SS-3H, SS-4H and SS-5H wells in the Northern Pilot Area, placing 178 stages across about 30,000 feet of the Mid Velkerri B Shale formation.
The three-well zipper stimulation program, carried out using Liberty Energy’s frac fleet, averaged 6.7 stages per day and set basin records of more than 20 pumping hours in one day and 12 stages completed in a single day.
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Tamboran acreage position across the Beetaloo Basin depocenter.
First locally sourced sand trial completed Tamboran also successfully deployed locally produced “Beetaloo Red” sand across 10 stages of the SS-4H lateral.
Tracers were installed to compare the performance of the local material with imported sand, with the trial aimed at identifying further operating efficiencies and reducing development costs.
Chief executive officer Todd Abbott said the campaign marked a significant operational achievement and demonstrated continued progress down the cost curve.
“Together with the efficiency records set during this program, these trials represent further progress down the cost curve, and we continue to identify opportunities to optimize and improve performance as we move toward development,” Abbott said.
Sturt Plateau facility nearing commissioning The completed wells are expected to be connected to the Sturt Plateau Compression Facility, where construction is nearing completion and commissioning is due to begin shortly.
The development remained within its A$141 million gross budget, equivalent to about US$97 million, with first gas sales to the Northern Territory Government still targeted for the September quarter of 2026.
The facility is intended to support initial gas production from the Northern Pilot Area and represents a key step in Tamboran’s broader commercialisation strategy for the basin.
Next three wells underway Drilling has also started at the SS-7H, SS-8H and SS-9H wells from the SS1 pad using a Helmerich & Payne rig.
The wells are scheduled to be stimulated during the second half of 2026 and may be connected to the compression facility as additional capacity is required.
About Tamboran Resources Tamboran is an independent natural gas exploration and production company focused on the commercial development of the Beetaloo Basin in Australia’s Northern Territory.
Through its subsidiaries, the company holds about 2.8 million net prospective acres and is the largest acreage holder in the basin’s depocentre.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) has extended the closing date of its share purchase plan (SPP) to 5:00pm AEST on Friday, July 24, giving eligible shareholders additional time to participate.
The SPP allows eligible investors to acquire up to A$30,000 worth of new fully paid ordinary shares at A$0.40 per share, without brokerage or transaction costs.
Investors applying under the SPP will also be invited to apply for one free unlisted attaching option for every two shares subscribed.
The attaching options will have an exercise price of A$0.60 and expire on June 30, 2027. Each exercised option will provide one Recce share and two additional unlisted “piggyback” options, exercisable at A$1.00 and expiring on June 30, 2028.
The issue of both option classes remains subject to shareholder approval at a general meeting expected around August 31. Recce plans to lodge a separate options prospectus with ASIC and the ASX on or around September 2.
The extension comes after Recce secured A$4 million through a placement to advance commercial licensing initiatives, clinical trials and regulatory-enabling activities across its synthetic anti-infective pipeline.
Priced at A$0.40 per share, the placement will result in the issue of 10 million new fully paid ordinary shares and attracted support from new and existing institutional, sophisticated and professional investors.
Revised timetable Recce expects to announce the SPP results and issue the new shares on July 31, with trading scheduled to begin on August 3.
The company retains discretion to amend the timetable, close the SPP early, accept late applications or place any shortfall with institutional or sophisticated investors.
IP strengthens in Asia Recce recently strengthened its intellectual property position in Southeast Asia earlier after securing a Vietnamese patent covering the manufacture and use of its RECCE® 327 and RECCE® 529 synthetic anti-infective candidates.
Granted by the Intellectual Property Office of Vietnam, the Family 4 patent provides protection through to 2041 and marks the eighth patent secured by Recce within the patent family.
Chief executive officer James Graham said the patent significantly extended the company’s potential market exclusivity in Vietnam. Its claims cover the preparation and manufacture of R327 and R529, as well as their use in treating bacterial, viral and other infectious diseases.
Riversgold Ltd (ASX:RGL, OTC:RVSGF) is moving closer to mining at its Northern Zone Gold Project near Kalgoorlie, with environmental permit applications expected to be submitted this month and mine development studies advancing.
The company is preparing applications for a site clearance permit and Native Vegetation Clearing Permit, which form part of the approvals required before mining can begin at the project, 25 kilometres east of Kalgoorlie in Western Australia.
Environmental reports near completion Riversgold's final fauna and integrated flora and vegetation reports are being prepared to support the Native Vegetation Clearing Permit application.
A substantial portion of the technical work required for the submission has now been completed, with the remaining reports approaching finalisation.
Technical director Edward Mead said the recent grant of mining lease M25/389 had enabled the company to accelerate the approvals process.
“A significant number of the major inputs for the submission of the NVCP have now been completed, with final deliverables nearing completion for submission,” Mead said.
Mine development proposal progressing Work is also continuing on the Mine Development and Closure Proposal, which will follow the vegetation clearing application.
A heritage work-area clearance survey has been completed and the final report is being prepared.
Laboratory results from geotechnical, geological and soil studies have also been received, with analysis and reporting underway.
Hydrogeological work remains subject to completion of a flood model, which will help define the topographic boundary for topsoil placement.
Mead said the approvals would support the granting of the operating permit needed to commence mining operations.
“We continue to get much closer to turning dirt at Northern Zone,” he added.
Northern Zone near major Kalgoorlie infrastructure Northern Zone forms part of Riversgold’s broader Kalgoorlie Gold Project and lies within an established gold-mining district near major operations and processing infrastructure.
The project map included in the announcement places Northern Zone about 25 kilometres east of Kalgoorlie and within the wider region surrounding the Kalgoorlie Super Pit and several operating gold projects.
Northern Zone Project Map showing proximity to the Kalgoorlie "Super Pit".
About Riversgold Riversgold is primarily focused on its diverse asset portfolio across premier mining jurisdictions, with its flagship asset being the Northern Zone Gold Project located just 25 kilometres east of Kalgoorlie in Western Australia.
To fast-track this project toward production without heavy upfront capital, Riversgold has secured a 50/50 profit-sharing co-operation agreement with MEGA Resources for contract mining and toll processing.
Beyond its core gold assets, the company actively explores for copper, lithium, and antimony across other highly prospective regions, including the Tambourah Project in the Pilbara.
Nine Mile Metals Ltd. (CSE:NINE, OTCQB:VMSXF, FRA:KQ9) CEO Patrick Cruikshank talked with Proactive about the latest drilling progress at the Wedge project and the company’s work to expand mineralization beyond the historic mine area.
Proactive: Welcome back to the Proactive newsroom. Joining me now is Patrick Cruikshank, CEO of Nine Mile Metals. Patrick, it is great to see you again. How are you?
Patrick Cruikshank: I am great. Thanks for having me back.
The company has released another hole from the drill program, and it appears to be continuing to expand the mineralization. Tell us about this particular hole, where it was located and what the company encountered.
This is the third hole we released, and all three holes were drilled from the same pad.
In the northeastern part of the mine, toward the eastern extension, we drilled a fan of holes into an area that had never previously been drilled or mined. By the time the holes reached a depth of around 300 metres, they were approximately 50 to 100 metres apart.
It is a very economical approach because we can turn the drill rig and drill at different angles from the same location. This hole reached approximately 390 metres, and we encountered around 125 metres of mineralized intervals.
Across the three holes, we have now observed almost 500 metres of visual mineralization. The challenge is that all of that core has to be cut, which has created a bottleneck in preparing and sending the samples to the laboratory.
We have just finished cutting this hole and will forward the samples as soon as possible.
Does that give you confidence that the company is drilling in the right area? As you mentioned, this section had never previously been drilled.
Yes. We do not have complete records of the original mine workings, so we do not know exactly where all of the tunnels are in the central part of the historic mine.
The upper portion was mined and later collapsed, which means we cannot simply drill through the old workings. There could be old equipment or other obstructions underground.
As a result, we have moved toward the eastern flank, western flank and areas below the historic workings. The drill rig is currently testing the system at depth.
We are looking forward to the next results. Being three-for-three so far is encouraging.
There is still a significant amount of drilling to come from the 10,000-metre program. How should investors view the results at this stage? Is it fair to describe them as positive early indications?
Yes. This is our third drill program at the Wedge, and we learn much more from each campaign.
We have developed a three-dimensional model with Apex Geoscience, Mike Dufresne and our technical team. We also have historic information from more than 300 drill holes.
Some of the historic data is not completely accurate. GPS technology was not available when much of the earlier work was completed, and historic operators may not have disclosed every detail about where mineralization was located.
The result is an evolving, live three-dimensional model. We are excited to take the project to the next level, and we will probably expand the drill program.
A second rig is also coming. We still want to test the company’s other targets rather than focus only on the Wedge.
The weather has been favourable, and the program remains on track. Our success has actually slowed us down because we would normally encounter 30 or 40 metres of mineralization rather than intervals of 100 or 200 metres. It is a good problem to have.
You mentioned the importance of modern geology and modern exploration techniques. Is this an area that particularly benefits from those advances?
It does. Geophysical technology has advanced significantly, particularly when working with conductive volcanogenic massive sulphide systems and critical minerals.
What is especially interesting is that we are identifying multiple new lenses. That is why we believe the mine has strong economic potential and can be brought back into production.
Historically, operators did not have access to today’s geophysical technology. They also did not assay for all of the metals we are interested in today. The historic focus was mainly on lead and zinc, so copper, gold and other metals were left behind.
We are seeing strong results, and geophysics is helping us expand the project footprint.
We also expect to conduct borehole surveys on the western side. We plan to complete four or five surveys that will examine the surrounding geology in all directions at regular intervals down to approximately 500 metres.
Those surveys should provide visibility of around 200 to 300 metres in multiple directions. They may help us identify historic workings and determine where mineralized lenses remain intact.
We have held off drilling parts of the western and northwestern areas until we receive that information, primarily for safety reasons. That work is expected to begin within the next two weeks.
However, it is not only the geophysics that matters. The interpretation of the information is critical.
That is where we have differentiated the company over the past two years. We brought in Mike Dufresne, who has experience in the Bathurst VMS camp, and we recently hired Art Hamilton, an experienced VMS professional with knowledge of the Bathurst camp.
We are building the company’s technical talent, and that is being reflected in our drill targeting. The intersections speak for themselves.
Patrick, thank you very much. It was another great update, and we look forward to our next conversation.
Thanks for having me.
Patrick Cruikshank, CEO of Nine Mile Metals.
Quotes have been lightly edited for style and clarity
Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) chairman Domenic Carosa talked with Proactive about the company’s recently completed C$1 million capital raise and how the funds will support its Wyoming AI Data Center project.
Carosa said the capital would be used to advance work on the proposed facility. The company’s directors also participated in the financing, representing 29% of the capital invested in the announced raise. He said the directors’ participation reflected the group’s belief in the project.
Proactive: Hello, you’re watching Proactive. I’m joined by Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) chairman Domenic Carosa. Dom, it’s very good to speak with you. You’ve raised C$1 million, well above target. How are you going to use the money, and why did the directors invest so heavily?
Domenic Carosa: Thanks for having me today. We have just completed a C$1 million raise. The capital will be used to further advance our Wyoming AI Data Center facility, which we are continuing to work on.
The directors believe in the project, and we have all invested as well. The directors represent 29% of the capital invested in the financing announced today.
What is the latest on the Wyoming AI Data Center, and what are the key milestones investors should watch for next?
Our objective over the next six to 12 months is to reach what is called “shovel-ready” status.
We are currently in discussions with a number of potential partners, including hyperscalers and neoclouds. These are effectively the groups that could potentially take over the facility once it is built.
We are also in the middle of a process with the local city regarding zoning and the rezoning of part of the land. The site covers approximately 100 acres in total, for those who have seen the presentation deck, and we are working to secure the appropriate zoning for it.
You have just been on an investor roadshow in Vancouver, and you are heading to Toronto next week. What questions are investors asking most, and what do you think they are still missing about the Blockmate story?
I think it is primarily an issue of exposure. Of the investors we spoke with in Vancouver a couple of weeks ago, not many had heard of Blockmate Ventures or what the company is doing in the sector.
The roadshow is therefore about getting the company’s message and story out to the market. As we said earlier this year, we are making a significant commitment in 2026 to communicate the story more actively.
My view is that we did not do that as effectively as we should have in 2025. I think investors have already started to see significant progress in how we communicate with the market and in the company becoming more visible.
Frankly, the more investors know about the Blockmate story, the better.
Are you seeing increasing interest in the company?
I think that is reflected in how quickly we were able to open and close the capital raise.
A number of institutional investors and high-net-worth investors participated in this round. We are very pleased with that support, as well as the support shown by the directors.
Now, it is all about execution. We know what we need to do. As we say in Australia, it is “head down, bum up,” which means we simply get on with the job.
I hope you will keep us posted as you get on with the job. Thank you very much for your time today.
Thank you.
Domenic Carosa, chairman of Blockmate Ventures Inc.
Quotes have been lightly edited for clarity and style
Medicus Pharma (NASDAQ:MDCX) earlier this week provided an update on its redesigned clinical study for Teverelix, reporting that the revised protocol had received Institutional Review Board approval and had been accepted by the US Food and Drug Administration subject to operational observations.
CEO Raza Bokhari told Proactive that the company had acquired the Teverelix development programme through its purchase of UK-based Antev. He described Teverelix® as a next-generation hormone antagonist being developed for two men’s health indications.
Proactive: We have spoken in the past about Teverelix and your discussions with the FDA and the Institutional Review Board about how to move the program forward. You have now received written responses from both, and the news appears to be very positive. Are you on the right track?
Bokhari: We very much are. We have had a good day at Medicus Pharma (NASDAQ:MDCX).
For the benefit of your viewers, towards the end of last summer, we added a second asset to our portfolio through the acquisition of a UK-based company called Antev. Through that acquisition, we took over the clinical development programme for Teverelix, a next-generation hormone antagonist.
We are pursuing two indications in men’s health: one involving patients with advanced prostate cancer and a high cardiovascular risk profile, and another involving a novel study designed to prevent the relapse of acute urinary retention, primarily due to an enlarged prostate.
The second study inherited from Antev was designed to include 390 patients across multiple centres in Europe and the United States. It carried an estimated cost of more than $30 million.
Our research and development team reviewed the study and believed there was room to redesign and optimize the protocol while reducing the burden on patients. The redesigned protocol reduced the patient requirement from 390 to 126, representing a reduction of approximately 68%, while preserving scientific rigour.
The FDA agreed with us. The study has therefore become more cost-efficient while remaining a decision-grade study. We believe it could now cost less than $10 million.
The revised design also allows us to conduct an interim analysis to assess whether we are moving in the right direction. In novel studies, it is important to have inflection points that allow us to evaluate progress. This is a very positive outcome for us.
Proactive: We should confirm that the feedback from the FDA and the Institutional Review Board focused more on certain operational elements of the study rather than the core study design. It included matters such as demographic data and ensuring the correct documentation was in place. Is that accurate?
That is correct. The Institutional Review Board has approved the protocol. It has signed off on the protocol amendments, the optimized design and the changes we have made.
The FDA has provided observations that are operational in nature. There can always be concerns when a proof-of-concept study has already been reviewed by the FDA and a company returns to redesign it before patient recruitment begins, as that can potentially lead to a negative response.
We have been very fortunate that the FDA accepted the revised design while providing observations that are operational in nature. We will incorporate the additional points advised by the FDA.
We are now on track, and the company will provide an update when patient recruitment begins. We still have work to complete relating to chemistry, manufacturing and controls so that the product is available, as well as work to activate the clinical sites.
There is still a lot of work ahead of us, but it is becoming more efficient and streamlined. We are very excited that we are making good progress.
Quotes have been lightly edited for style and clarity
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) earlier this week outlined its funding position and development timeline as the company works towards completing a feasibility study, advancing permitting and potentially reaching a final investment decision by the end of 2027.
CEO John Passalacqua told Proactive that First Phosphate had raised approximately $2.3 million in its latest financing tranche after securing more than $15 million in a previous tranche. He said the company had reported more than $30 million in the bank, with the additional financing bringing its cash position close to $35 million.
Passalacqua also highlighted a $16.7 million non-refundable, non-dilutive contribution from the Canadian federal government to support the company’s feasibility study. Taking the funding sources together, he said First Phosphate could have access to approximately $50 million as it advances its feasibility work, permitting activities and pathway towards a final investment decision.
The funding position represents a potential catalyst by providing the company with an estimated 24 to 36 months of capital runway. Passalacqua said the feasibility study was scheduled for completion around the end of the year or early the following year, after which the company planned to move into permitting.
A potential final investment decision by the end of 2027 represents another key milestone. First Phosphate is ultimately targeting an operational open-pit mine by 2029.
“We are looking to basically have an open-pit mine operational by 2029,” Passalacqua said, describing the target as an aggressive timeline. He added that critical-mineral projects could become more valuable when they are brought forward quickly.
Passalacqua said investors were assessing several factors, including management, the company’s track record, its ability to raise capital, its balance sheet and government support. He also pointed to backing associated with Canada, Denmark and Italy, as well as offtake agreements announced around the G7.
The company also expanded its board from four directors to five following the return of former broadcaster and member of Parliament Peter Kent. Passalacqua said the appointment would support the development of First Phosphate’s corporate-governance structure and increase committee independence.
For investors, the feasibility-study timeline, permitting progress, a potential final investment decision and advancement towards the targeted 2029 mine operation are likely to be the principal milestones to monitor.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) CEO Evan Gappelberg talked with Proactive about KraftyLabs Intelligence, a new workforce intelligence pilot designed to combine employee surveys, engagement data, AI-driven insights and access to employee experiences within one platform.
Gappelberg explained that the existing KraftyLabs platform already facilitates workshops, team-building activities, leadership development and employee experiences. Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) is now adding surveys that organizations can use to assess employee sentiment, engagement and workplace needs.
Unlike standalone survey platforms that primarily identify a problem, KraftyLabs Intelligence is intended to connect the results directly with possible actions. For example, when survey feedback indicates that employees could benefit from a team-building activity or additional engagement, an HR professional can select relevant programs through the platform.
“We’re not just providing the insight. It’s an end-to-end solution,” Gappelberg said. He added that potential responses could include AI coaching, AI workshops, engagement programs and other employee experiences.
Gappelberg said the platform’s competitive advantage is not the survey technology alone. Instead, he pointed to the combination of existing customers, engagement activity, data, artificial intelligence and outcomes available within the KraftyLabs ecosystem.
He also described a potential flywheel effect in which the platform becomes more valuable as it receives additional user interactions and data. Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) believes KraftyLabs Intelligence could become an intelligence layer for workforce engagement by connecting data, insights, experiences and actionable events.
From an investor perspective, Gappelberg said the company believes the technology could generate millions of dollars in software revenue over the next 12 months.
Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM, OTCQB:SLMFF, FRA:08WA) earlier this week commenced diamond drilling at its wholly owned Mandacaru Lithium Project in Brazil, marking the start of a 10-hole, 2,000-metre campaign targeting a substantial lithium-caesium-tantalum pegmatite system.
CEO Mitch Thomas said the company had progressed rapidly since announcing the acquisition of its Brazilian project package in late April. He noted that Solis Minerals had gone “from acquisition to starting drilling” in a little over two months and was “moving at pace and very excited to see what this program delivers”.
The campaign is testing an approximately 800-metre pegmatite corridor mapped at surface. The holes are designed to assess the continuity and geometry of the pegmatites and their potential to contain spodumene mineralisation at depth.
Drilling is expected to reach depths of about 150 to 200 metres, with fresh rock anticipated from around 30 to 50 metres below surface. Thomas said the extensive surface exposure had allowed the company to position drill pads efficiently and establish two principal drilling fences across the most prospective areas.
Mandacaru lies in the Araçuaí Lithium Valley in Minas Gerais, a region that hosts established lithium operations and advanced development projects. Thomas described Mandacaru as Solis Minerals’ highest-priority lithium target.
A key near-term catalyst will be the release of drilling observations and assay results as the program progresses over an estimated two to three months. A further Brazilian catalyst could come from Campo Grande, located approximately 18 kilometres away, where the company has identified a pegmatite swarm and is considering a follow-up drilling campaign.
Solis Minerals is also preparing to restart copper exploration in Peru. The company owns the Cinto Copper Project and can earn up to 100% of the Cucho Copper Project, with all required government drilling approvals now received.
The board has approved an initial program of up to 2,500 metres at Cinto, where surface mineralisation, oxidised copper and geophysical anomalies have been identified. The commencement of that campaign represents another potential catalyst and would give Solis Minerals simultaneous exposure to lithium drilling in Brazil and copper drilling in Peru.
Thomas said the company was well funded, with more than $6 million available, and expected “lots of news flow” during an active second half of the year.
Interview highlights Solis Minerals has commenced diamond drilling at its 100%-owned Mandacaru Lithium Project in Brazil. The company advanced from announcing the acquisition to beginning drilling in a little over two months. The initial program comprises approximately 10 holes for a total of 2,000 metres. Drilling will test an approximately 800-metre lithium-caesium-tantalum pegmatite corridor and assess the potential for spodumene mineralisation at depth. Holes are planned to reach approximately 150 to 200 metres, with fresh rock expected from about 30 to 50 metres below surface. The drilling campaign is expected to take around two to three months. Mandacaru is Solis Minerals’ highest-priority lithium target within its Brazilian portfolio. Campo Grande, about 18 kilometres from Mandacaru, is emerging as a second potential drilling target after the identification of a pegmatite swarm. In Peru, Solis Minerals holds the Cinto Copper Project outright and can earn up to 100% of the Cucho Copper Project. All required government approvals to drill the two Peruvian projects have been received. The board has approved an initial diamond drilling program of up to 2,500 metres at Cinto.
Proactive: Solis Minerals has commenced diamond drilling at the Mandacaru Lithium Project in Brazil. Joining us to discuss the campaign and what comes next is CEO Mitch Thomas. Mitch, good to see you. Can you talk us through the drilling campaign and what it is targeting?
Mitch Thomas: We are very proud to have announced that drilling has commenced at the 100%-owned Mandacaru Lithium Project in Brazil.
As a reminder for shareholders and stakeholders, we announced the acquisition of this large project package from Rio Tinto in late April. We then completed work on the ground and finalised the necessary documentation.
In a little over two months, we have gone from acquisition to the start of drilling. We are moving at pace and are very excited to see what this program delivers.
Proactive: You have advanced the project quickly. What makes Mandacaru so attractive?
Mitch Thomas: I will start with the location. Mandacaru is in the Araçuaí Lithium Valley in Brazil, which is a hotspot for hard-rock lithium mining and exploration in South America.
Brazil is also where members of the team had success with Latin Resources and its Colina project.
Through our recent acquisition, which covers more than 90,000 hectares, we have a selection of projects and targets. I recently spent about a month in Brazil and visited most of them. Mandacaru is our most advanced and attractive lithium target.
The rocks at surface have a similar profile and geological signature to the Colina project. We are seeing large, crystallised quartz and other indicators associated with a strong lithium-caesium-tantalum system.
Mandacaru is the number-one target across our portfolio, so it is exciting to have drilling underway.
Proactive: What does the drilling program involve?
Mitch Thomas: The board has approved an approximately 10-hole drilling program for about 2,000 metres. We are targeting depths of roughly 150 to 200 metres to test the fresh rock.
At Mandacaru, we have an approximately 800-metre-long lithium pegmatite corridor at surface. The team has been mapping it during the past two months.
The objective is to define the potential for spodumene crystallisation at depth. We expect to reach fresh rock from approximately 30 to 50 metres below surface.
The extensive pegmatites exposed at surface make it easier and more efficient to position the drill holes and design the program.
We have established drill pads at selected locations around the most prospective rocks and lithium-caesium-tantalum indicators. We have also designed two main drilling fences to provide good coverage across what we consider the most attractive pegmatites.
The rig is expected to drill about 50 to 80 metres per day, allowing for movement between pads. We expect the 2,000-metre program to take about two to three months.
Proactive: Mandacaru is not the only project you are advancing. What other milestones should investors watch?
Mitch Thomas: The aim is to give shareholders as many opportunities for exploration success as possible.
In Brazil, Mandacaru is the number-one target, but Campo Grande is a close second. Our confidence in that target has increased significantly during the past month.
Campo Grande is about 18 kilometres from Mandacaru. Our team has identified a pegmatite swarm that was not discovered during Rio Tinto’s earlier soil program. The rocks are very interesting and show a geological signature similar to what we saw at Colina.
We are developing Campo Grande as a strong second drilling candidate. It could be drilled after Mandacaru or, in a success case, in parallel.
Brazil therefore provides several attractive opportunities in lithium.
Peru has also been a mainstay of our portfolio for the past few years, and copper is an important metal for the company to have exposure to.
We hold the Cinto Copper Project outright and can earn up to 100% of the Cucho Copper Project. Both are now fully permitted for drilling, with the necessary government approvals received.
The board has approved an initial diamond drilling program of up to 2,500 metres at Cinto. This is our first Peruvian target, and drilling is expected to commence during the quarter.
Cinto has copper mineralisation at surface, including high-grade samples, broad mineralised areas, extensive oxidised copper and geophysical anomalies identified through induced-polarisation work.
It is also located close to three large operating copper mines.
Our intention is to drill in Peru in parallel with the lithium program in Brazil, increasing the number of opportunities for exploration success. It will be a busy third quarter and second half of the year, with updates also expected from our other projects.
Proactive: What are the main investment takeaways for Solis Minerals?
Mitch Thomas: The first is the company’s exposure to lithium and copper in regions that have demonstrated the ability to supply those metals to market.
The company is also well funded. We raised approximately $6 million and currently have more than $6 million available. We monitor every dollar carefully so that as much funding as possible goes into the ground.
We are entering a very active exploration period with strong targets. Lithium drilling is underway at Mandacaru, and drilling in Peru is expected to begin shortly.
There should be considerable news flow, and the company will continue working at pace. We believe this will be an exciting period for shareholders, and I look forward to providing further updates over the coming months.
Proactive: We will speak again as the programs unfold. Good luck with everything currently underway, and thank you for your time.
Orthocell Ltd (ASX:OCC, OTC:ORHHF) earlier this week reported record quarterly and full-year revenue as accelerating adoption of its Remplir™ nerve repair device strengthened the company’s commercial growth outlook.
Revenue reached A$3.8 million in the June quarter, up 20% from the March period and 36% from the corresponding quarter last year. FY2026 revenue increased 44% to a record A$13.2 million, supported by product sales in Australia and a growing number of international markets.
CEO and managing director Paul Anderson said revenue growth had been driven by product sales across Australia, Thailand, Hong Kong, Singapore, Canada and the United States. He stressed that Orthocell had not yet received the full financial benefit of its US rollout, describing the result as “great numbers with a whole heap of upside”.
The United States is emerging as a central potential catalyst for Orthocell. Anderson said the company had established an eight-person team covering sales, marketing, medical education and science. That infrastructure was supporting distributors and helping expand surgeon and hospital engagement.
He said distributors were also beginning to approach Orthocell after learning about the product, its differentiation and its pricing. Anderson regarded this inbound interest as evidence that the company’s US commercial platform was taking shape.
Access to the US Department of Defense and Veterans Affairs networks could provide another catalyst. Anderson said participation in those networks was important for reaching the full addressable market. He recently met orthopaedic surgeons based at the naval facility in San Diego and highlighted the number of experienced surgeons performing nerve repair procedures within the system.
Potential approval in the United Kingdom and European Union represents a further growth opportunity. Anderson said Orthocell had appointed a distributor with biological expertise and engaged with market leaders so the company could begin commercial activity promptly following approval.
Orthocell’s A$44 million cash balance gives the company capacity to fund its US rollout, global expansion and manufacturing investment while progressing towards cash flow break-even.
Looking ahead, Anderson said increasing surgeon and hospital participation was creating the foundation for a “hockey-stick type scenario”. He added that Orthocell expected a material increase in revenue over the coming quarters as the company continued to engage, educate and convert medical professionals.
Interview highlights Orthocell generated record June-quarter revenue of A$3.8 million. FY2026 revenue rose 44% to a record A$13.2 million. Growth was supported by sales in Australia and international markets. Orthocell has product approvals across markets including Thailand, Hong Kong, Singapore, Canada and the United States. Paul Anderson said the full revenue contribution from the US rollout had not yet been realised. The company has built an eight-person US team across sales, marketing, medical education and science. Distributor interest is increasing as awareness of Remplir grows. Department of Defense and Veterans Affairs access could broaden Orthocell’s reach in the US nerve repair market. Orthocell is preparing for potential UK and European commercial activity following approval. The company has A$44 million in cash to fund commercial expansion and manufacturing investment. Management expects a material increase in revenue as surgeon and hospital adoption expands.
Proactive: Orthocell has posted record full-year revenue while strengthening its commercial growth outlook. Here to discuss the numbers and the outlook is CEO and managing director Paul Anderson. Paul, good to see you again.
Paul Anderson: Thanks for having me, Jonathan.
Proactive: Let’s talk about the numbers. Orthocell reported record quarterly revenue of A$3.8 million and full-year growth of 44%. What were the main drivers?
Paul Anderson: The main drivers were our product revenues in Australia and internationally. We have recently had products approved in Thailand, Hong Kong, Singapore, Canada, the United States and Australia.
These positive numbers are coming from product growth. Most importantly, we are yet to see the real increase in product revenue from the United States, so these are strong numbers with significant upside still ahead.
Proactive: The US rollout is tracking ahead of expectations. What is driving the increase in hospital access, surgeon adoption and distributor coverage?
Paul Anderson: We have put a talented team in place with substantial domain knowledge. We now have eight direct employees working across sales, marketing, medical education and science.
That infrastructure is supporting our distributors. We are also now being approached by distributors that have heard about the product, understand its uniqueness and recognise its attractive pricing. The fact that distributors are approaching us is a sign that our internal US infrastructure is in good order.
Proactive: How significant is approval across the US Department of Defense and Veterans Affairs networks?
Paul Anderson: It is an important part of the US market. Without involvement in those cases and potential product uses, a company is probably not accessing the full market.
I have just returned from three weeks in the United States, where I met six orthopaedic surgeons at the naval base in San Diego. It is a very important market for us, with many talented surgeons carrying out nerve repair procedures.
Proactive: There is also a lot happening around UK and European approval and the prostate surgery opportunity.
Paul Anderson: There certainly is. As part of our global footprint, we recognise that the European Union and United Kingdom are very important markets.
We have worked hard to appoint a distributor with significant biological experience and expertise in that market. We have also engaged with market leaders, so we have done a considerable amount of work to ensure that we are ready to begin as soon as approval is received in the second half or later part of the year.
Proactive: Orthocell also has A$44 million in the bank. How will the company use those funds to balance commercial expansion, manufacturing investment and the pathway towards cash flow break-even?
Paul Anderson: Having that amount of capital is very important, particularly given the difficult geopolitical environment.
Orthocell is well funded. Revenue of A$13.2 million for the year and A$44 million in the bank enable the company to execute strongly on its US commercial plan and its wider global strategy.
The company is in a strong position. Shareholders should see significant upside as the US market starts to take hold and the Australian market continues to perform strongly and provide a large portion of revenue. The future is bright for Orthocell.
Proactive: Finally, what can investors expect over the next quarter?
Paul Anderson: Over the coming quarters, we expect to see a material increase in revenue. An increasing number of surgeons and hospitals are coming on board, providing the foundation for a hockey-stick growth scenario.
The US is a large market, and surgeons there are no different from those elsewhere. Orthocell must engage, educate and convert them, and the company is doing that well.
There are many more surgeons and hospitals ahead of us, so a material increase in revenue is what we are targeting.
Proactive: Paul, good luck with that. Thanks for your time today, and we will speak again shortly.
Paul Anderson: My pleasure, Jonathan. Thanks for having me.
Eli Lilly's first venture into psychedelic medicine, a takeover of AtaiBeckley worth up to $3.8 billion, is above all a vindication of two decades of British research once dismissed as fringe science.
The prize at the centre of the deal is BPL-003, a nasal spray formulation of the psychedelic compound 5-MeO-DMT developed by Beckley Psytech, the Oxford company founded by Amanda Feilding and her son Cosmo Feilding Mellen.
Feilding, who died in May 2025 and was often called the "Queen of Psychedelics", spent decades dragging the field towards scientific respectability through her Beckley Foundation, collaborating with Imperial College London and playing a pivotal role in the world's first LSD brain imaging study.
Her son's company took that work commercial, and its lead compound entered phase III trials for treatment-resistant depression this year, following phase IIb data showing statistically significant improvements in patients from day two, maintained through day 57.
Beckley Psytech merged with Germany's atai Life Sciences last November in a $390 million all-share deal, and barely eight months later the combined company has been swallowed by one of the world's largest drugmakers at almost ten times that valuation.
Lilly will pay $6.75 per share in cash, an upfront equity value of around $2.8 billion and a 26% premium to Wednesday's close, with up to a further $1 billion tied to development and regulatory milestones.
Shares in Nasdaq-listed AtaiBeckley jumped more than 30% on the news.
For Lilly, the company that transformed depression treatment with Prozac, the deal is a bet that the next revolution in psychiatry will work very differently.
Where conventional antidepressants slowly alter brain chemistry, psychedelics are thought to rapidly promote the growth of new neural connections, addressing the lack of brain plasticity seen in patients who do not respond to standard treatments.
Lilly's chief scientific officer, Daniel Skovronsky, said the science of how such drugs bind to brain receptors and trigger neurons to become more plastic is now well understood, even if the field still debates whether the hallucinogenic experience is essential to the effect.
The commercial logic is equally clear.
Jefferies analyst Andrew Tsai estimates BPL-003 could generate sales of $1 billion to $2 billion if late-stage trials succeed, while RBC Capital Markets reckons the psychedelics industry could reach $12 billion in revenue by 2034, rivalling the current $8 billion market for branded antidepressants.
Johnson & Johnson (NYSE:JNJ) has already proved the model, with its ketamine-derived nasal spray Spravato generating $468 million in first-quarter sales, and AbbVie bought Gilgamesh Pharmaceuticals' lead psychedelic candidate for up to $1.2 billion last year.
A friendlier regulatory backdrop under the Trump administration, which has prioritised psychedelic-based treatments for depression and post-traumatic stress disorder, has removed another barrier.
Topline phase III data on BPL-003 is not expected until early 2029, so Lilly is paying $2.8 billion upfront for a drug that is years from market.
That it is willing to do so says much about how far psychedelics have travelled, and how much of that journey began in Oxford.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is expected to deliver a largely in-line fiscal first quarter performance, with investor attention likely to remain focused on management commentary around the highly anticipated release of Grand Theft Auto VI, according to Jefferies analysts.
Jefferies wrote that Wall Street expectations for the quarter remain muted, with bookings forecast to decline about 4% year over year, largely reflecting weakness in the company’s mobile business as several key titles slow. The analysts noted that the stock’s reaction is likely to depend more on updates around GTA VI than on the quarter itself, with potential discussion points including pre-orders and the timing of GTA VI Online.
The analysts expect limited new information on GTA VI during the earnings call, writing that disclosure of pre-order figures is unlikely and that Take-Two is unlikely to adjust its fiscal 2027 outlook.
The analysts highlighted that mobile trends weakened during the quarter, based on Sensor Tower in-app purchase data, including softness across the company’s three largest mobile titles. Jefferies wrote that the company’s first-quarter mobile revenue guidance already reflects much of this pressure, with Street expectations calling for a mid-single-digit percentage decline year over year.
The analysts added that mobile advertising trends and shifts toward web-based payments are unlikely to provide a meaningful offset, and said they would look for commentary on whether the slowdown reflects reduced marketing investment or broader demand issues.
Take-Two’s NBA 2K franchise is expected to perform in line with expectations despite a challenging comparison period, Jefferies wrote. The analysts noted that the company’s guidance for high-single-digit revenue growth in the segment is supported by early engagement trends, including Steam concurrent users during the NBA playoffs that were significantly higher than at the game’s launch last year.
Meanwhile, Jefferies expects Grand Theft Auto Online revenue to face pressure in the first quarter due to timing differences around major content updates. The analysts wrote that the large summer GTA Online update arrived in July this year compared with June last year, creating a difficult year-over-year comparison, though engagement trends remain stable heading into GTA VI.
“Overall trends appear stable into GTA VI,” Jefferies wrote, noting that Steam concurrent users for GTA Online increased significantly following the latest update, while anticipation around the next installment continues to build.
The analysts maintained that expectations remain for GTA VI to generate a strong initial launch, with more than 40 million units forecast for fiscal 2027. Jefferies identified the timing and scope of GTA VI Online as the biggest outstanding question, noting that a delay into calendar 2027 could weigh on long-term player retention.
Jefferies also pointed to broader industry shifts as supportive of Take-Two’s strategy, highlighting changes across gaming platforms toward fewer, larger content releases. The analysts wrote that PlayStation’s move away from physical discs and Xbox’s shift away from subscription-focused models toward a “fewer, bigger, better” content approach align with Take-Two’s long-term strategy.
The analysts maintained their ‘Buy’ rating and $300 price target, above current levels of about $238, noting that they expect the stock to continue trading higher into the game’s release.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is expected to deliver a largely in-line fiscal first quarter performance, with investor attention likely to remain focused on management commentary around the highly anticipated release of Grand Theft Auto VI, according to Jefferies analysts.
Jefferies wrote that Wall Street expectations for the quarter remain muted, with bookings forecast to decline about 4% year over year, largely reflecting weakness in the company’s mobile business as several key titles slow. The analysts noted that the stock’s reaction is likely to depend more on updates around GTA VI than on the quarter itself, with potential discussion points including pre-orders and the timing of GTA VI Online.
The analysts expect limited new information on GTA VI during the earnings call, writing that disclosure of pre-order figures is unlikely and that Take-Two is unlikely to adjust its fiscal 2027 outlook.
The analysts highlighted that mobile trends weakened during the quarter, based on Sensor Tower in-app purchase data, including softness across the company’s three largest mobile titles. Jefferies wrote that the company’s first-quarter mobile revenue guidance already reflects much of this pressure, with Street expectations calling for a mid-single-digit percentage decline year over year.
The analysts added that mobile advertising trends and shifts toward web-based payments are unlikely to provide a meaningful offset, and said they would look for commentary on whether the slowdown reflects reduced marketing investment or broader demand issues.
Take-Two’s NBA 2K franchise is expected to perform in line with expectations despite a challenging comparison period, Jefferies wrote. The analysts noted that the company’s guidance for high-single-digit revenue growth in the segment is supported by early engagement trends, including Steam concurrent users during the NBA playoffs that were significantly higher than at the game’s launch last year.
Meanwhile, Jefferies expects Grand Theft Auto Online revenue to face pressure in the first quarter due to timing differences around major content updates. The analysts wrote that the large summer GTA Online update arrived in July this year compared with June last year, creating a difficult year-over-year comparison, though engagement trends remain stable heading into GTA VI.
“Overall trends appear stable into GTA VI,” Jefferies wrote, noting that Steam concurrent users for GTA Online increased significantly following the latest update, while anticipation around the next installment continues to build.
The analysts maintained that expectations remain for GTA VI to generate a strong initial launch, with more than 40 million units forecast for fiscal 2027. Jefferies identified the timing and scope of GTA VI Online as the biggest outstanding question, noting that a delay into calendar 2027 could weigh on long-term player retention.
Jefferies also pointed to broader industry shifts as supportive of Take-Two’s strategy, highlighting changes across gaming platforms toward fewer, larger content releases. The analysts wrote that PlayStation’s move away from physical discs and Xbox’s shift away from subscription-focused models toward a “fewer, bigger, better” content approach align with Take-Two’s long-term strategy.
The analysts maintained their ‘Buy’ rating and $300 price target, above current levels of about $238, noting that they expect the stock to continue trading higher into the game’s release.
Take-Two Interactive (TTWO - Free Report) closed at $237.03 in the latest trading session, marking a -2.89% move from the prior day. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.9%.
Coming into today, shares of the publisher of "Grand Theft Auto" and other video games had gained 12.89% in the past month. In that same time, the Consumer Discretionary sector lost 0.81%, while the S&P 500 gained 1.27%.
Market participants will be closely following the financial results of Take-Two Interactive in its upcoming release. The company plans to announce its earnings on August 7, 2026. The company's upcoming EPS is projected at $0.31, signifying a 49.18% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, down 4.81% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $6.77 per share and a revenue of $8.51 billion, demonstrating changes of +65.12% and +26.56%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Take-Two Interactive. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.05% higher. Take-Two Interactive is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Take-Two Interactive is at present trading with a Forward P/E ratio of 36.06. This expresses a premium compared to the average Forward P/E of 18.91 of its industry.
Meanwhile, TTWO's PEG ratio is currently 3.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Gaming stocks are, on average, holding a PEG ratio of 1.26 based on yesterday's closing prices.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for its first quarter of fiscal year 2027, ended June 30, 2026, before the market open on Friday, August 7, 2026. The Company plans to hold a conference call to discuss its results at 8:00 a.m. Eastern Time, which can be accessed by dialing (833) 461-5787 (Meeting ID: 773792521). A live, listen-only webcast and a replay of the call will be available at http://t.
In the latest close session, Take-Two Interactive (TTWO - Free Report) was up +1.34% at $258.41. This move outpaced the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
The publisher of "Grand Theft Auto" and other video games's shares have seen an increase of 18.94% over the last month, surpassing the Consumer Discretionary sector's gain of 2.31% and the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Take-Two Interactive in its upcoming release. In that report, analysts expect Take-Two Interactive to post earnings of $0.31 per share. This would mark a year-over-year decline of 49.18%. In the meantime, our current consensus estimate forecasts the revenue to be $1.35 billion, indicating a 4.85% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.73 per share and a revenue of $8.49 billion, representing changes of +64.15% and +26.3%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Take-Two Interactive. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.95% higher within the past month. Take-Two Interactive presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Take-Two Interactive is currently being traded at a Forward P/E ratio of 37.9. This represents a premium compared to its industry average Forward P/E of 18.41.
It's also important to note that TTWO currently trades at a PEG ratio of 3.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Gaming industry stood at 1.19 at the close of the market yesterday.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 177, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Stock Market Skids As Trump Makes This Trade Call; Jobs Report Due Sales of video game "Grand Theft Auto 6" from publisher Take-Two Interactive Software (TTWO) appear to be off to a strong start, with preorders skewed to the premium version. TTWO stock rose on Thursday. Limited, third-party data point to robust preorders for the highly anticipated crime saga title, BTIG analyst Clark Lampen said in a client note Thursday. He rates…
In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $249.98, marking a +1.15% move from the previous day. This move outpaced the S&P 500's daily gain of 0.79%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 1.52%.
The stock of publisher of "Grand Theft Auto" and other video games has risen by 8.89% in the past month, leading the Consumer Discretionary sector's loss of 0.73% and the S&P 500's loss of 1.82%.
The upcoming earnings release of Take-Two Interactive will be of great interest to investors. In that report, analysts expect Take-Two Interactive to post earnings of $0.31 per share. This would mark a year-over-year decline of 49.18%. In the meantime, our current consensus estimate forecasts the revenue to be $1.35 billion, indicating a 4.85% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.7 per share and a revenue of $8.49 billion, indicating changes of +63.41% and +26.3%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Take-Two Interactive. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.23% lower. Take-Two Interactive currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Take-Two Interactive has a Forward P/E ratio of 36.88 right now. This expresses a premium compared to the average Forward P/E of 18.11 of its industry.
Meanwhile, TTWO's PEG ratio is currently 3.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Gaming industry currently had an average PEG ratio of 1.46 as of yesterday's close.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Take-Two Interactive (TTWO - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Take-Two currently has an average brokerage recommendation (ABR) of 1.19, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 31 brokerage firms. An ABR of 1.19 approximates between Strong Buy and Buy.
Of the 31 recommendations that derive the current ABR, 27 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 87.1% and 6.5% of all recommendations.
Brokerage Recommendation Trends for TTWO
Check price target & stock forecast for Take-Two here>>>
The ABR suggests buying Take-Two, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is TTWO a Good Investment?Looking at the earnings estimate revisions for Take-Two, the Zacks Consensus Estimate for the current year has declined 2.2% over the past month to $6.7.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Take-Two. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Take-Two with a grain of salt.
On June 29, 2026, Take-Two Interactive Software Inc (TTWO) shares rose 3.6%, bringing the current price to $247.15. The stock has experienced a 52-week range of
Take-Two delivered FY2026 results above guidance, driven by growth in recurrent consumer spending, mobile gaming, and core franchises. The business is strengthening ahead of Grand Theft Auto VI, with EBITDA expanding and the balance sheet improving. Management expects FY2027 to establish a higher level of operating performance supported by a multi-year release pipeline.
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Investors have spent much of this year riding a monster wave of AI momentum. Now, as all eyes turn to memory-chip maker Micron Technology, which is scheduled to report earnings after the closing bell, we’re left to wonder if there’s still more momentum ahead.
Analysts expect sales of about $35 billion, well beyond the $9.3 billion reported in the same quarter last year. Adjusted EPS forecasts are around $20.57, a giant spike from the $1.91 per share in Q3 2025.
Management’s commentary on demand trends, pricing, and future capacity will likely carry as much weight as the actual earnings figures. In particular, analysts will be looking for updates on high-bandwidth memory, or HBM.
And, according to Rosenblatt, “We expect Micron to report a beat and raise as continued pricing increases, broadening AI demand, and constrained supply extend the memory upcycle. We believe demand remains strong enough to absorb higher pricing without meaningful demand destruction,” as quoted by MSN.
4 hours ago
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With pre-sales about to start for Grand Theft Auto VI, Take-Two Interactive (NASDAQ: TTWO | TTWO Price Prediction) has been pushing aggressively higher. Since bottoming out at $206 this month, shares of TTWO rallied to a recent high of $247.42 in anticipation of the long-awaited Grand Theft Auto VI game.
Helping, analysts at BTIG just initiated a buy rating on the stock with a price target of $290 a share, noting that the stock is “firing on all cylinders,” as noted by CNBC.
Futures are pushing higher this morning as markets attempt to recover from a sharp tech-fueled pullback. At the moment, the S&P 500 is up about 0.32%, or by 23 points. The SPDR S&P 500 ETF (SPY) is up by 0.43%, or by $3.14. The Dow is up by 0.08%, or by 45 points. The Nasdaq is up by 0.63%, or by 186 points. Oil is down by $2.11 at $71.10.
The rebound follows two volatile trading sessions that raised fresh questions about the strength of the AI boom. Semiconductor stocks were hit particularly hard as investors took profits in some of the market’s biggest winners. Concerns about lofty valuations, interest-rate expectations, and geopolitical uncertainty didn’t do much to help either.
Micron Earnings Out After the Closing Bell Now, all eyes are turning to memory-chip maker Micron Technology, which is scheduled to report earnings after the closing bell. Investors are viewing the report as an important test for the broader AI infrastructure trade. Strong results and optimistic guidance could help restore confidence in semiconductor shares following this week’s pullback, while any disappointment could trigger another round of selling across the sector.
Ahead of the report, TD Cowen recently raised its price target on Micron to $1,500 from $660, with a buy rating. The firm cited strong demand for dynamic random-access memory (DRAM), which continues to outpace supply by a wide margin.
Goldman Sachs did raise its price target on Micron to $900, but kept a neutral rating on the stock. The firm noted, “We believe investor positioning remains very bullish given the dramatic share price run-up and optimism around the potential impact of long-term customer agreements,” they wrote, as quoted by Barron’s. The firm expects “Micron’s earnings—currently boosted by surging demand for high-bandwidth memory (HBM) in artificial-intelligence hardware—to peak in fiscal 2027 at $138.86.”
Fed Fears Aren’t Helping Much The market’s recent chaos has also been fueled by uncertainty surrounding Federal Reserve policy. Investors continue to debate whether the central bank will cut rates later this year.
“BofA Global Research and Deutsche Bank expect the U.S. Federal Reserve to raise interest rates in 2026 due to economic resilience and a more hawkish stance under new Chair Kevin Warsh, marking a departure from their prior forecasts of steady rates,” as noted by Reuters. “BofA said it expects the U.S. central bank to raise rates by 25 basis points each in September, October, and December, making the most aggressive rate-hike bet among global brokerages.”
Geopolitical developments remain another key focus. While concerns surrounding tensions in the Middle East have not disappeared, easing fears about major disruptions to global energy supplies have helped oil prices move lower in recent sessions.
Shares of Take-Two Interactive Software, Inc (NASDAQ:TTWO), are 1.2% lower to trade at $240.32 this morning, pivoting lower despite the company announced pre-orders for its Grand Theft Auto VI game, priced at $79.99. Shortly after, BTIG initiated coverage with a "buy" rating and $290 price target, the analyst citing the game release and sustainable improvements.
TTWO initially traded at its highest level since early January, but has since pivoted lower. The shares are now contending with both their year-to-date and year-over-year breakeven levels. Its worth noting that due to a 20% quarterly gain, Take-Two stock is sitting in "overbought" territory with a 14-day Relative Strength Index (RSI) of 72.
Options traders are leaning bullish. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Take-Two stock's 10-day call/put volume ratio of 7.33 ranks in the 92nd annual percentile.
Echoing this, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.36, which ranks lowest possible percentile of readings from the past year.
The stock of Take-Two Interactive (NASDAQ: TTWO), the publisher of the highly anticipated video game Grand Theft Auto 6 (GTA 6), opened nearly 5% higher on Thursday morning after new GTA 6 pre-order date details were announced.
Specifically, Rockstar Games, the developer, published a brief GTA 6 trailer showing the box art of the game, but also that fans will be able to begin pre-ordering on June 25, 2026.
The announcement sent TTWO shares soaring 4.91% from $228.03 at the Wednesday close to $239.22 at the Thursday open, though the gains have, by press time, diminished to 3.46% as the stock partially retraced to $235.93.
GTA 6 stock price one-week chart. Source: Google GTA 6 pre-order date announcement details Over the years, Take-Two Interactive’s stock has generally been susceptible to any leaks or announcements, with multiple previous trailers for the video game or other news translating into sudden and substantial market moves.
Still, the June 18 announcement and especially the GTA 6 pre-orders starting one week later might prove especially significant.
How much will GTA 6 cost? Indeed, the debate regarding the price of AAA titles and whether the traditional $60 needs to be swapped with something higher has only been growing more intense.
On the one hand, developers and publishers have often cited rising inflation in recent years as a key reason why the launch price needs to be increased to $70, or even $80.
Fans have, on the other hand, tended to argue that video game companies haven’t had to finance the logistical side of shipping their products – actually manufacturing and delivering physical copies – as most players have moved to mostly digital platforms such as Valve’s Steam, or console-specific online stores.
Meanwhile, although the revelations over the actual launch-day price of GTA 6 are likely to trigger a lively debate, it is also likely to help TTWO stock break from the volatile downtrend it has been in since early 2025.
Take-Two Interactive shares are overall 6.23% down year-to-date (YTD), though they have been enjoying a notable rally along with most of the wider market since late March, and could soar in the months leading up to the November 19, 2026 GTA 6 release date.
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Take-Two Interactive Software said preorders for its hotly anticipated Grand Theft Auto VI begin June 25 on digital storefronts and at select retailers.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is set to open pre-orders for Grand Theft Auto VI on June 25, and Jefferies says the event is shaping up to be a meaningful catalyst for the stock ahead of the game's November 19 release.
The bank expects a new trailer to drop alongside the pre-order launch, but the bigger focus for investors will be pricing. Jefferies sees the base edition landing at either $70 or $80, with $100 considered unlikely.
The firm's base case is $80, given the pull of the GTA franchise, though it notes a $70 price would make premium edition upsells an easier sell.
Those premium editions may be the most telling part of the announcement. Their contents should give the first real clue about how Take-Two plans to monetize GTA VI Online, whether that means bundled subscription months, premium currency, a season pass, or some combination. Jefferies views this as arguably more important than the price tags themselves.
What investors probably won't get on June 25 is a launch date for GTA Online. The bank's base case has the online mode arriving in December, roughly a month after the main game, giving players time with the story before the online ecosystem opens up. Full details on in-game purchases are also expected to come later, closer to release.
PC players will need to be patient too. The November launch is console-only, with Jefferies penciling in April 2027 at the earliest for a PC release.
On the stock, Jefferies pointed to the Red Dead Redemption 2 launch cycle as a potential parallel, when Take-Two shares climbed around 20% from pre-orders to their peak before pulling back into launch. The firm sees the upcoming pre-order window and summer marketing push as the next major catalyst to watch.
Investors cheered the update, sending Take-Two’s shares over 5% higher on Thursday afternoon.
Disney (DIS) and Pixar's 'Toy Story 5' is poised for a dominant box office debut, leveraging multi-generational appeal and robust marketing. Take-Two Interactive (TTWO) gains visibility as 'Grand Theft Auto VI' pre-orders begin June 25 ahead of its anticipated November 19 launch.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is set to open pre-orders for Grand Theft Auto VI on June 25, and Jefferies says the event is shaping up to be a meaningful catalyst for the stock ahead of the game's November 19 release.
The bank expects a new trailer to drop alongside the pre-order launch, but the bigger focus for investors will be pricing. Jefferies sees the base edition landing at either $70 or $80, with $100 considered unlikely.
The firm's base case is $80, given the pull of the GTA franchise, though it notes a $70 price would make premium edition upsells an easier sell.
Those premium editions may be the most telling part of the announcement. Their contents should give the first real clue about how Take-Two plans to monetize GTA VI Online, whether that means bundled subscription months, premium currency, a season pass, or some combination. Jefferies views this as arguably more important than the price tags themselves.
What investors probably won't get on June 25 is a launch date for GTA Online. The bank's base case has the online mode arriving in December, roughly a month after the main game, giving players time with the story before the online ecosystem opens up. Full details on in-game purchases are also expected to come later, closer to release.
PC players will need to be patient too. The November launch is console-only, with Jefferies penciling in April 2027 at the earliest for a PC release.
On the stock, Jefferies pointed to the Red Dead Redemption 2 launch cycle as a potential parallel, when Take-Two shares climbed around 20% from pre-orders to their peak before pulling back into launch. The firm sees the upcoming pre-order window and summer marketing push as the next major catalyst to watch.
Investors cheered the update, sending Take-Two’s shares over 5% higher on Thursday afternoon.
Take-Two stock is building positive momentum. Why are TTWO shares climbing? The Pre-Order AnnouncementRockstar Games officially confirmed that pre-orders for Grand Theft Auto VI will begin June 25 on digital storefronts and select retailers, with the game launching exclusively on current-generation consoles on November 19. The announcement also removes a key overhang—after multiple prior delays, pre-orders opening this soon suggests the November 19 launch date is firmly locked in.
GTA VI is widely considered the most anticipated video game release in industry history, and the Grand Theft Auto franchise has contributed approximately 30% of Take-Two’s total sales over the past decade, with GTA V selling over 225 million copies since its 2013 launch.
Take Two Shares JumpTTWO Price Action: At the time of publication, Take-Two shares are trading 2.87% higher at $246.16, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Take-Two Interactive Software Inc (NASDAQ:TTWO) shares could see a stronger long-term monetization profile from the next iteration of Grand Theft Auto Online (GTAO), according to Bank of America, which raised its price objective on the stock and upgraded its forward bookings assumptions for the franchise.
Bank of America reiterated its 'Buy' rating on Take-Two and raised its price objective to $368, based on a 26x multiple applied to its FY28 earnings estimate. The firm characterized this as a peak valuation scenario, with potential for further upward revisions if GTAO monetization exceeds expectations.
The firm increased its financial year 2028 GTAO bookings forecast by roughly $900 million to $2.2 billion, lifting its assumed annual revenue per monthly active user (MAU) to $60 from $35 previously.
The revision reflects expectations that the next version of GTAO could monetize at nearly twice the rate of its predecessor, narrowing the gap with leading live-service titles such as Fortnite.
The analysts argued that GTAO currently under-monetizes relative to comparable franchises, and expect the next installment to close that disparity as its “pay-to-progress” structure encourages higher average player spending than Fortnite’s cosmetics-driven model. Bank of America also noted that Grand Theft Auto VI’s player base is likely to carry higher lifetime value than the broader free-to-play audience seen in other major live-service ecosystems.
At the high end of the estimate range, the firm pointed to monetization levels above $100 per MAU in heavily “pay-to-win” sports titles, suggesting additional upside if engagement trends skew more aggressively toward in-game spending.
Bank of America left its financial year 2027 estimates unchanged, citing a likely late-year ramp for GTAO’s contribution. It now forecasts financial year 2028 net bookings of $10.7 billion and earnings per share of $14.23.
Beyond revenue assumptions, the report highlighted structural improvements at Rockstar that could support stronger monetization. These include a more robust content pipeline, enhanced anti-cheat systems, and a substantially larger live-service team, expanded to more than 100 staff compared with roughly 10 at GTAO’s 2013 launch. The analysts believes that these changes address early limitations that previously constrained long-term engagement and spending.
The bank’s analysts also suggested that GTAO’s current iteration, which generates an estimated $400 million in annual bookings versus a peak of around $700 million in 2021, underscores the room for growth in a more modernized live-service framework.
Bank of America estimates that the next GTAO could support more than 40 million sustainable MAUs, potentially placing it among the largest live-service franchises globally, behind only Fortnite.
Take-Two shares traded up 2% at $244 on Tuesday afternoon.
Take-Two Interactive Software Inc (NASDAQ:TTWO) shares could see a stronger long-term monetization profile from the next iteration of Grand Theft Auto Online (GTAO), according to Bank of America, which raised its price objective on the stock and upgraded its forward bookings assumptions for the franchise.
Bank of America reiterated its 'Buy' rating on Take-Two and raised its price objective to $368, based on a 26x multiple applied to its FY28 earnings estimate. The firm characterized this as a peak valuation scenario, with potential for further upward revisions if GTAO monetization exceeds expectations.
The firm increased its financial year 2028 GTAO bookings forecast by roughly $900 million to $2.2 billion, lifting its assumed annual revenue per monthly active user (MAU) to $60 from $35 previously.
The revision reflects expectations that the next version of GTAO could monetize at nearly twice the rate of its predecessor, narrowing the gap with leading live-service titles such as Fortnite.
The analysts argued that GTAO currently under-monetizes relative to comparable franchises, and expect the next installment to close that disparity as its “pay-to-progress” structure encourages higher average player spending than Fortnite’s cosmetics-driven model. Bank of America also noted that Grand Theft Auto VI’s player base is likely to carry higher lifetime value than the broader free-to-play audience seen in other major live-service ecosystems.
At the high end of the estimate range, the firm pointed to monetization levels above $100 per MAU in heavily “pay-to-win” sports titles, suggesting additional upside if engagement trends skew more aggressively toward in-game spending.
Bank of America left its financial year 2027 estimates unchanged, citing a likely late-year ramp for GTAO’s contribution. It now forecasts financial year 2028 net bookings of $10.7 billion and earnings per share of $14.23.
Beyond revenue assumptions, the report highlighted structural improvements at Rockstar that could support stronger monetization. These include a more robust content pipeline, enhanced anti-cheat systems, and a substantially larger live-service team, expanded to more than 100 staff compared with roughly 10 at GTAO’s 2013 launch. The analysts believes that these changes address early limitations that previously constrained long-term engagement and spending.
The bank’s analysts also suggested that GTAO’s current iteration, which generates an estimated $400 million in annual bookings versus a peak of around $700 million in 2021, underscores the room for growth in a more modernized live-service framework.
Bank of America estimates that the next GTAO could support more than 40 million sustainable MAUs, potentially placing it among the largest live-service franchises globally, behind only Fortnite.
Take-Two shares traded up 2% at $244 on Tuesday afternoon.
The Take Two AnalystBank of America Securities analyst Omar Dessouky reiterated a Buy rating on Take Two stock and raised the price target of $320 to $368.
The Analyst TakeawaysThe success of "GTA 6" could lead to higher monetization opportunities for Take Two and its "Grand Theft Online" segment, Dessouky said in a new investor note.
"Next GTAO could monetize at 2x the predecessor, catching up to Fortnite, with potential for further upside," Dessouky said.
The analyst is raising estimates for fiscal year 2028 bookings by $900 million to $2.2 billion. The analyst assumes $60 per monthly active user on an annual basis, up from a previous estimate of $35.
"Our analysis shows GTAO currently monetizes at a significantly lower rate than other major-live service franchises (Fortnite, Call of Duty, FC Ultimate Team), and we expect the gap to narrow post-launch.”
Dessouky sees GTAO monetizing at least as well as Fortnite based on a "pay-to-progress" model, instead of just a cosmetic model that gets Fortnite $60 annually per monthly active user.
Estimates from the analyst see "GTA 6" selling 45 million units for fiscal 2027 and 25.8 million units for fiscal 2028.
With GTA V dating back to 2013, industry experts told Bank of America that Take Two may have missed the important user acquisition window to better monetize users previously.
The timing of the new game launch and the high anticipation could lead to a strong initial boost in monetization for the game.
"We think Rockstar is much better positioned to operate live-service games at scale today, with a >100 staff team dedicated to GTAO than when GTAO first launched with a 10-person team in 2013."
Take Two Stock Price ActionTake Two stock was up 1.28% to $242.64 on Tuesday versus a 52-week trading range of $187.63 to $264.78. Take Two stock is up 10.7% over the last month, but remains down 3% year-to-date in 2026.
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In the latest trading session, Take-Two Interactive (TTWO - Free Report) closed at $242.64, marking a +1.28% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Coming into today, shares of the publisher of "Grand Theft Auto" and other video games had gained 5.28% in the past month. In that same time, the Consumer Discretionary sector lost 1.97%, while the S&P 500 gained 0.08%.
Market participants will be closely following the financial results of Take-Two Interactive in its upcoming release. It is anticipated that the company will report an EPS of $0.31, marking a 49.18% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, down 4.85% from the year-ago period.
TTWO's full-year Zacks Consensus Estimates are calling for earnings of $6.71 per share and revenue of $8.47 billion. These results would represent year-over-year changes of +63.66% and +26.08%, respectively.
Investors might also notice recent changes to analyst estimates for Take-Two Interactive. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.7% lower. As of now, Take-Two Interactive holds a Zacks Rank of #4 (Sell).
In terms of valuation, Take-Two Interactive is presently being traded at a Forward P/E ratio of 35.7. For comparison, its industry has an average Forward P/E of 17.23, which means Take-Two Interactive is trading at a premium to the group.
We can also see that TTWO currently has a PEG ratio of 3.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Gaming industry held an average PEG ratio of 1.4.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
NEW YORK--(BUSINESS WIRE)--Rockstar Games®, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), is excited to announce that pre-orders for Grand Theft Auto VI will begin on June 25, 2026, at midnight local time.
Rockstar Games (label of Take-Two Interactive Software - NASDAQ: TTWO), is excited to announce that pre-orders for Grand Theft Auto VI will begin on June 25, 2026, at midnight local time. Grand Theft Auto VI will launch on November 19, 2026.
Share Launching November 19, 2026, for the PlayStation® 5 computer entertainment systems and Xbox Series X|S games and entertainment systems for $79.99, Grand Theft Auto VI features a single-player experience set in the biggest, most immersive evolution of the series yet.
The Grand Theft Auto VI: Ultimate Edition amplifies this experience with an exclusive collection of premium vehicles, weapons, apparel, and action threaded across all aspects of Jason and Lucia’s story, and will be available for $99.99.
All Grand Theft Auto VI pre-orders and purchases before November 20, 2026, will include the Vintage Vice City Pack, a collection of items that flash back to when the neon burned brightest, alongside a free month of GTA+ for digital pre-orders, which will be the best way to get the most out of the ever-evolving world of GTA Online and instantly redeemable so that players can jump into Grand Theft Auto V and other classic Rockstar titles as part of the GTA+ Games Library.
Players who pre-order digital versions of Grand Theft Auto VI will be able to begin pre-loading on November 12, 2026 to ensure they are able to play at launch on November 19, 2026. The physical version of Grand Theft Auto VI, containing a download code inside the box, will be available starting November 12, 2026 to support pre-loading.
Grand Theft Auto VI will be available at the PlayStation® Store, Microsoft Store, Rockstar Games Store, and global retailers and storefronts.
Grand Theft Auto VI is not yet rated. Further details can be found at www.rockstargames.com/VI.
About Grand Theft Auto VI
Vice City, USA. Jason and Lucia have always known the deck is stacked against them. But when an easy score goes wrong, they find themselves on the darkest side of the sunniest place in America, in the middle of a conspiracy stretching across the state of Leonida — forced to rely on each other more than ever if they want to make it out alive.
About Rockstar Games
Rockstar Games cemented their reputation as creators of complex living worlds with the Grand Theft Auto series, one of the most successful entertainment properties of all time with over 470 million units sold-in worldwide. Through a string of critically acclaimed games including the Grand Theft Auto series, the Red Dead Redemption series, the Max Payne series, Bully, L.A. Noire, the Midnight Club series, and The Warriors, Rockstar Games has helped propel interactive entertainment into the center of modern culture. Follow Rockstar Games on X, Instagram, YouTube, Facebook, Twitch, Discord, WhatsApp, and TikTok.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. We develop and publish products principally through Rockstar Games, 2K, and Zynga. Our strategy is to create hit entertainment experiences, delivered on every platform relevant to our audience through a variety of sound business models. Our pillars - creativity, innovation, and efficiency - guide us as we strive to create the highest quality, most captivating experiences for our consumers. The Company’s common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at http://www.take2games.com.
All trademarks and copyrights contained herein are the property of their respective holders.
The statements contained herein, which are not historical facts, including statements relating to Take-Two Interactive Software, Inc.'s ("Take-Two," the "Company," "we," "us," or similar pronouns) outlook, are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for our future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties, including risks relating to the timely release and significant market acceptance of our games; the risks of conducting business internationally, including as a result of unforeseen geopolitical events; the impact of changes in interest rates by the Federal Reserve and other central banks, including on our short-term investment portfolio; the impact of inflation; volatility in foreign currency exchange rates; our dependence on key management and product development personnel; our dependence on our NBA 2K and Grand Theft Auto products and our ability to develop other hit titles; our ability to leverage opportunities on PlayStation®5 and Xbox Series X|S; factors affecting our mobile business, such as player acquisition costs; and the ability to maintain acceptable pricing levels on our games.
Other important factors and information are contained in the Company's most recent Annual Report on Form 10-K, including the risks summarized in the section entitled "Risk Factors," the Company’s most recent Quarterly Report on Form 10-Q, and the Company's other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab
June 24 (Reuters) - Take-Two Interactive Software (TTWO.O), opens new tab on Wednesday priced "Grand Theft Auto VI" at $79.99 and stuck to its previously announced November 19 release date, bringing the industry's most anticipated title closer to launch after multiple delays.
The price makes "GTA VI" one of the most expensive base versions of a top-tier game, pushing it above the $69.99 ceiling that blockbusters such as Sony's "Ghost of Yōtei" and Nintendo's "Legend of Zelda: Tears of the Kingdom" have held for years.
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The "Ultimate Edition" of the game will cost $99.99 and add exclusive vehicles, weapons and apparel woven into the story of Jason and Lucia, the protagonists of the game.
Shares of Take-Two rose nearly 3% in premarket trading.
Joost van Dreunen, games professor at NYU's Stern School of Business, said the pricing was unlikely to dent sales, calling "$80 a rounding error against the anticipation."
He said the price could set a new benchmark for blockbuster titles with few substitutes but was unlikely to apply to mid-tier publishers. "GTA VI doesn't lift all prices but widens the gap between the haves and the have-nots," he added.
Fans have been waiting for "GTA VI" for over a decade, and analysts expect it to be an instant hit with billions of dollars in sales within days due to the franchise's popularity and the strong track record of its creator, Rockstar Games.
The previous entry in the series, "Grand Theft Auto V", was released in 2013 and has sold around 230 million copies, making it one of the best-selling video games ever.
That makes "GTA VI" crucial not just for Take-Two but for the wider video-game market, as the franchise typically drives console sales and PC upgrades.
Take-Two said earlier this month "GTA VI" pre-orders will start on June 25. All pre-orders before November 20 include the Vintage Vice City Pack of retro in-game items, with digital buyers also getting a free month of GTA+, a membership that unlocks in-game perks and access to "GTA V" and other titles.
First unveiled in late 2023 with a trailer that now has nearly 300 million views on YouTube, the game features a "Bonnie and Clyde"-like duo blitzing their way through a fictional version of Miami, Florida, called "Vice City".
Reporting by Aditya Soni in Bengaluru; Editing by Leroy Leo and Maju Samuel
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
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Take-Two Interactive Software Inc (NASDAQ:TTWO) is using AI to improve operational efficiency and support certain areas of game development, but does not expect the technology to significantly reduce the cost of producing major video game titles, according to Jefferies analysts following a meeting with the company's CEO Strauss Zelnick.
In a note, Jefferies wrote that management reiterated that AI is creating measurable productivity gains in day-to-day business functions and helping streamline mobile game level creation and user acquisition advertising. However, the company does not expect AI to materially lower development costs for AAA games and continues to invest in game creation tools while anticipating further growth in its development workforce, which currently stands at roughly 10,000 employees.
According to the firm, Take-Two believes that any future AI-driven improvements in large-scale game development would likely raise consumer expectations for quality rather than make blockbuster games substantially cheaper to produce.
Jefferies also highlighted improving trends in Take-Two's mobile advertising business. The company's mobile advertising revenue grew 6% year-over-year in fiscal 2026, compared with a 29% decline in fiscal 2025. Management expressed confidence that growth could continue as the company expands monetization of non-paying users.
The analysts noted that Take-Two identified non-gaming advertisements within mobile games as a potential growth opportunity. Since acquiring Zynga, the company has also adopted a more disciplined approach to user acquisition spending, requiring stronger evidence of return on investment before increasing marketing budgets for new titles.
On user-generated content (UGC), Take-Two reiterated that it is not seeking to build a platform similar to Roblox, where third-party developers create the majority of content. Instead, the company plans to continue offering creator tools within its own game ecosystems.
Jefferies pointed to FiveM, the role-playing platform built around the Grand Theft Auto franchise, as an example of this strategy. Management indicated that FiveM serves a different player base and business model than GTA Online and is expected to continue operating separately following the launch of Grand Theft Auto VI.
The firm also highlighted the growing contribution of college basketball content within the NBA 2K franchise. According to management, the addition of College Basketball mode, combined with changes to season passes and early-access offerings, has helped drive growth in recurring consumer spending for NBA 2K26.
While Take-Two sees the possibility of a standalone college basketball game in the future, management indicated the feature is more likely to remain part of the NBA 2K ecosystem. International markets were identified as the largest opportunity for future player growth, reflecting the NBA's ongoing global expansion efforts.
Looking ahead, Jefferies wrote that the next major catalyst for Take-Two shares will likely be the launch of Grand Theft Auto VI pre-orders, which the firm expects to coincide with the game's summer marketing campaign.
The firm added that pre-orders could provide insight into the game's pricing strategy and the structure of its online offering, particularly through premium editions and associated digital bonuses.
Jefferies noted that Take-Two shares rose about 20% between the start of pre-orders for Red Dead Redemption 2 in June 2018 and their peak in early October before pulling back around the game's release.
Jefferies maintained its 'Buy' rating on Take-Two and a $300 price target. Shares traded up almost 5% at about $223 on Tuesday afternoon.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is using AI to improve operational efficiency and support certain areas of game development, but does not expect the technology to significantly reduce the cost of producing major video game titles, according to Jefferies analysts following a meeting with the company's CEO Strauss Zelnick.
In a note, Jefferies wrote that management reiterated that AI is creating measurable productivity gains in day-to-day business functions and helping streamline mobile game level creation and user acquisition advertising. However, the company does not expect AI to materially lower development costs for AAA games and continues to invest in game creation tools while anticipating further growth in its development workforce, which currently stands at roughly 10,000 employees.
According to the firm, Take-Two believes that any future AI-driven improvements in large-scale game development would likely raise consumer expectations for quality rather than make blockbuster games substantially cheaper to produce.
Jefferies also highlighted improving trends in Take-Two's mobile advertising business. The company's mobile advertising revenue grew 6% year-over-year in fiscal 2026, compared with a 29% decline in fiscal 2025. Management expressed confidence that growth could continue as the company expands monetization of non-paying users.
The analysts noted that Take-Two identified non-gaming advertisements within mobile games as a potential growth opportunity. Since acquiring Zynga, the company has also adopted a more disciplined approach to user acquisition spending, requiring stronger evidence of return on investment before increasing marketing budgets for new titles.
On user-generated content (UGC), Take-Two reiterated that it is not seeking to build a platform similar to Roblox, where third-party developers create the majority of content. Instead, the company plans to continue offering creator tools within its own game ecosystems.
Jefferies pointed to FiveM, the role-playing platform built around the Grand Theft Auto franchise, as an example of this strategy. Management indicated that FiveM serves a different player base and business model than GTA Online and is expected to continue operating separately following the launch of Grand Theft Auto VI.
The firm also highlighted the growing contribution of college basketball content within the NBA 2K franchise. According to management, the addition of College Basketball mode, combined with changes to season passes and early-access offerings, has helped drive growth in recurring consumer spending for NBA 2K26.
While Take-Two sees the possibility of a standalone college basketball game in the future, management indicated the feature is more likely to remain part of the NBA 2K ecosystem. International markets were identified as the largest opportunity for future player growth, reflecting the NBA's ongoing global expansion efforts.
Looking ahead, Jefferies wrote that the next major catalyst for Take-Two shares will likely be the launch of Grand Theft Auto VI pre-orders, which the firm expects to coincide with the game's summer marketing campaign.
The firm added that pre-orders could provide insight into the game's pricing strategy and the structure of its online offering, particularly through premium editions and associated digital bonuses.
Jefferies noted that Take-Two shares rose about 20% between the start of pre-orders for Red Dead Redemption 2 in June 2018 and their peak in early October before pulling back around the game's release.
Jefferies maintained its 'Buy' rating on Take-Two and a $300 price target. Shares traded up almost 5% at about $223 on Tuesday afternoon.
In the latest close session, Take-Two Interactive (TTWO - Free Report) was up +2.07% at $216.13. This change outpaced the S&P 500's 1.65% gain on the day. Meanwhile, the Dow experienced a rise of 0.92%, and the technology-dominated Nasdaq saw an increase of 3.07%.
Shares of the publisher of "Grand Theft Auto" and other video games have depreciated by 12.66% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 1.52%, and the S&P 500's gain of 0.48%.
The investment community will be closely monitoring the performance of Take-Two Interactive in its forthcoming earnings report. The company is forecasted to report an EPS of $0.31, showcasing a 49.18% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.35 billion, reflecting a 4.85% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.71 per share and revenue of $8.47 billion, which would represent changes of +63.66% and +26.08%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Take-Two Interactive. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 24.47% fall in the Zacks Consensus EPS estimate. As of now, Take-Two Interactive holds a Zacks Rank of #4 (Sell).
In terms of valuation, Take-Two Interactive is presently being traded at a Forward P/E ratio of 31.56. This expresses a premium compared to the average Forward P/E of 18.24 of its industry.
We can additionally observe that TTWO currently boasts a PEG ratio of 3.16. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Gaming stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Take-Two Interactive Software, Inc. confirmed GTA 6's November 19th launch, significantly reducing delay risk and driving strong after-hours gains. TTWO's Q4 delivered a double beat on revenue and EPS, with robust growth in recurrent consumer spending and strong performances from NBA 2K and GTA Online. FY 2027 guidance of $8 billion in net bookings is notably below market expectations, raising questions about management's conservatism or underlying risks.
Take-Two Interactive (TTWO - Free Report) reported $1.58 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 0.1%. EPS of $0.80 for the same period compares to $1.09 a year ago.
The reported revenue represents a surprise of +1.9% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.56, the EPS surprise was +42.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total net bookings: $1.58 billion versus the 15-analyst average estimate of $1.56 billion.Net bookings by platform - Mobile: $829.1 million compared to the $785.97 million average estimate based on 11 analysts.Net bookings by distribution channel - Physical retail and other: $40 million versus the seven-analyst average estimate of $48.68 million.Net bookings by distribution channel - Digital online: $1.54 billion versus the seven-analyst average estimate of $1.52 billion.Net bookings by platform - PC and other: $149.1 million versus the four-analyst average estimate of $319.12 million.Net bookings by platform - Console: $602.1 million versus $628.72 million estimated by three analysts on average.Net Revenue- Advertising: $111.4 million versus the four-analyst average estimate of $122.2 million. The reported number represents a year-over-year change of +2.5%.Net Revenue- Game: $1.57 billion compared to the $1.5 billion average estimate based on three analysts. The reported number represents a change of +6.4% year over year.Net Revenueby platform- PC and other: $161.3 million versus the three-analyst average estimate of $160.97 million. The reported number represents a year-over-year change of -33.8%.Net Revenueby platform- Console: $674.6 million versus $639.37 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.Net Revenue by platform- Mobile: $843.9 million compared to the $827.26 million average estimate based on three analysts. The reported number represents a change of +12.9% year over year.View all Key Company Metrics for Take-Two here>>>
Shares of Take-Two have returned +8.5% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Take-Two Interactive Software Inc (NASDAQ:TTWO)’s quarterly results were viewed positively by Wedbush analysts, who pointed to broad-based portfolio strength and reaffirmed confidence in the company’s outlook despite a softer-than-expected fiscal 2027 bookings guide.
Investors weren’t so upbeat, sending shares of Take-Two down more than 4% to about $228 on Friday morning.
Wedbush highlighted improving visibility around Grand Theft Auto VI’s release timeline, alongside steady momentum in recurring consumer spending.
“Take-Two beat Q4 2026 expectations and reaffirmed that GTA VI is on track for its November 19, 2026, release,” wrote Wedbush analysts. “Early financial year 2027 guidance came in below expectations, but appears overly conservative.”
While the fiscal 2027 outlook fell short of consensus, Wedbush said it views the guidance as consistent with the company’s typical approach ahead of major releases. “Financial year 2027 initial guide of $8 billion to $8.2 billion (up 20% year-over-year) was below our prior $9.4 billion estimate and $9.3 billion consensus, which we view as intentional conservatism consistent with Take-Two’s historical floor-guidance pattern in major launch years,” they wrote.
The analysts said they trimmed some estimates but maintained a constructive stance on the underlying business mix and engagement trends across franchises. “We lowered our estimates to reflect lower Mobile expectations on tough comps and maturing titles and lower back-catalog sales around the GTA VI launch,” they wrote. “That said, we remain highly optimistic as Take-Two’s portfolio performs well across categories.”
Wedbush reiterated its ‘Outperform’ rating, Best Ideas List inclusion, and $300 price target on Take-Two.
On valuation, they argued the stock does not yet reflect the scale of the upcoming GTA VI release or the contribution from recurring revenue streams. “The stock trades at just 23x consensus FY:28 EPS, which, in our view, does not incorporate the scale of the GTA VI launch and the growing mix of high-margin recurring revenue,” they wrote.
The firm also increased confidence in the GTA VI release timeline following the latest update, seeing the probability that the November date will hold going from 75% to 90%.
On quarterly performance, Wedbush highlighted results that exceeded expectations across key metrics. “Q4 net bookings of $1.58 billion exceeded the high end of guidance ($1.51 billion to $1.56 billion) and surpassed our estimate of $1.56 billion and consensus of $1.555 billion,” they wrote.
They added that recurrent spending remained a core driver of performance, while Zynga delivered notable strength within the mobile segment.
Stock futures are pointing to a slightly higher open ahead of the long holiday weekend; the Dow closed at its first record high in more than three months yesterday, while the S&P 500 is on pace to post gains for the 8th consecutive week; shares of Estée Lauder are rallying after the cosmetics maker dropped acquisition talks with a fellow makeup brand, Puig; Workday stock is rallying after the enterprise software maker reported results that topped Wall Street estimates; and Take-Two Interactive shares are climbing after the video game maker beat estimates and said "Grand Theft Auto VI" is still on track for its Nov. 19 release date. Here's what you need to know today.
Stock Futures Tick Higher Ahead of Holiday Weekend Stock futures are gaining ground this morning as markets look to close out the week on a high note ahead of the three-day Memorial Day weekend. Futures tied to the Dow Jones Industrial Average were up 0.4% recently, while S&P 500 and Nasdaq futures added 0.2% The major indexes each rose yesterday, sending the Dow to a record closing high (more on that below). WTI crude oil futures, the U.S. benchmark, were up more than 1% at around $97.50 per barrel, but remain well below the highs of near $109 hit a few days ago. Gold futures were down slightly this morning at $4,520 an ounce, while bitcoin was little-changed at $77,400. The yield on the 10-year Treasury note ticked lower to 4.56%, after hitting a 16-month high of 4.67% on Tuesday. Bond markets will close early at 2 p.m. ET today ahead of the holiday weekend
Dow at Record High, S&P 500 Riding Win Streak The major indexes are all on track to end the week higher than where they started it, with the S&P 500 in position to post gains for the 8th consecutive week. The tech-heavy Nasdaq Composite is on pace to post gains for the 7th time in the last eight weeks. Meanwhile, the Dow Jones Industrial Average on Thursday closed at a record high for the first time since Feb. 10. Coming into Friday's session, the Dow had risen 1.5% so far this week, outpacing the respective 0.5% and 0.3% gains of the S&P 500 and Nasdaq.
Estee Lauder Stock Jumps After Deal Talks Dropped Shares of Estée Lauder Companies (EL) are rallying this morning after the cosmetics giant announced that it is no longer in talks to acquire a fellow makeup brand. The company and Puig, another cosmetics maker, said late Thursday that their talks over a potential acquisition, which started in late March, have ended without a deal.1 Shares of Estée Lauder were up 13% in recent premarket trading, after entering the day having lost about a quarter of their value since the start of the year.
Workday Stock Jumps on Solid Results, Raised Outlook Workday (WDAY) shares are rallying after the enterprise software maker reported better-than-expected quarterly results and lifted its profitability forecast. Workday reported $2.54 billion in revenue along with adjusted earnings of $2.66 per share for the first quarter, each above the analyst consensus compiled by Visible Alpha. The company held its full-year outlook for subscription revenue steady, but lifted its adjusted operating margin guidance to 30.5% from 30% previously.2 Workday shares, which have fallen more than 40% so far this year, were up 7% ahead of the opening bell. Workday and a number of other software makers have seen their stocks battered by concerns that AI products will eat into their growth.
Take-Two Stock Rises on Confirmation of Grand Theft Auto VI Release Schedule Shares of Take-Two Interactive (TTWO) are on the rise after the video game maker released results that topped analysts' estimates and confirmed that its latest blockbuster release, "Grand Theft Auto VI," is still on track for November. The company reported a smaller-than-expected fiscal fourth-quarter loss of 32 cents per share on $1.68 billion in revenue.3 CEO Strauss Zelnick said the Nov. 19 launch of "GTA VI" is expected to drive Take-Two's performance to record levels, after delays in the game's yearslong development have weighed on the stock in the past. Take-Two shares were up 3% in recent trading.
Ahead of a long holiday weekend, Diane King Hall highlights key earnings moving the stock market Friday morning. Ross Stores (ROST) shows consumers still have their eye on value, Deckers (DECK) stepped up with a beat, and Take-Two Interactive (TTWO) reiterated the release date of Grand Theft Auto VI.
Key Takeaways TTWO topped Q4 sales estimates as GAAP net revenues rose 6.1% YoY to $1.68B.Take-Two expanded gross margin to 55.9% as operating income returned to positive territory.TTWO guided FY27 Net Bookings to $8.0B-$8.2B with cash flow above $1B. Take-Two Interactive Software (TTWO - Free Report) posted a fourth-quarter fiscal 2026 GAAP net loss of 32 cents per share, narrower than a loss of $21.08 reported in the year-ago quarter.
TTWO reported adjusted earnings of 80 cents per share, down 26.6% year over year, but surpassed the Zacks Consensus Estimate by 42.86%.
GAAP net revenues increased 6.1% year over year to $1.68 billion and beat the Zacks Consensus Estimate of $1.55 billion. The largest contributors to GAAP net revenues included NBA 2K26 and NBA 2K25, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, Empires & Puzzles, Match Factory!, Color Block Jam, Red Dead Redemption 2 and Red Dead Online, Words With Friends, Borderlands 4 and WWE 2K26. The quarter again highlighted the breadth of Take-Two’s portfolio across console, PC and mobile.
Revenues from the United States increased 4.8% year over year to $991.7 million and accounted for 59% of GAAP net revenues. The rest came from international revenues, which rose 8.1% year over year to $688.1 million.
Game revenues increased 6.4% year over year to $1.57 billion and accounted for 93.4% of total revenues. The rest came from advertising revenues, which rose 2.5% year over year to $111.4 million, representing the remaining 6.6%.
Net Bookings were essentially flat year over year at $1.58 billion. Bookings from the United States decreased 3.0% year over year to $932.7 million, accounting for 59% of total Net Bookings. The rest came from international bookings, which increased 4.4% year over year to $647.6 million.
TTWO's Q4 DetailsRecurrent consumer spending grew 7% year over year for the period and accounted for 82% of total Net Bookings.
In terms of distribution channels, Digital online revenues increased 7.2% year over year to $1.64 billion and represented 97.4% of GAAP net revenues. Physical retail and other revenues decreased 22.1% year over year to $44.3 million and accounted for the remaining 2.6% of GAAP net revenues. Digital online net bookings edged up 0.8% year over year to $1.54 billion and comprised 97.5% of net bookings, while Physical retail and other net bookings fell 24.2% year over year to $40.0 million, representing 2.5% of net bookings.
In terms of platform, mobile, console, and PC and other contributed 50.2%, 40.2% and 9.6% of GAAP net revenues, respectively. Mobile revenues rose 12.9% year over year to $843.9 million, while console revenues increased 14.1% to $674.6 million. PC and other revenues declined 33.8% year over year to $161.3 million.
On the bookings side, mobile, console, and PC and other represented 52.5%, 38.1% and 9.4% of net bookings, respectively. Mobile net bookings climbed 13.6% year over year to $829.1 million, console net bookings were essentially flat (up 0.1%) at $602.1 million, and PC and other net bookings decreased 40.3% year over year to $149.1 million.
Take-Two Highlights Engagement Across Core FranchisesManagement emphasized that live services and add-on monetization remained a primary driver of performance. The company pointed to growth in NBA 2K’s recurrent spending, continued expansion in mobile and ongoing strength in Grand Theft Auto Online during the quarter.
This mix matters for investors because it can reduce reliance on one-off releases and extend the earnings power of established franchises. With live services contributing a large share of bookings and revenues, engagement levels across NBA 2K, Grand Theft Auto and mobile titles remain a key near-term swing factor.
TTWO’s Q4 Operating DetailsTake-Two's GAAP gross profit rose 16.9% year over year to $938.7 million. Gross margin expanded to 55.9% from 50.8% in the year-ago quarter.
Total operating expenses were $927.8 million, down sharply from $4.58 billion in the year-ago quarter. The prior-year period included a $3.55 billion goodwill impairment.
Selling expenses decreased 2.5% year over year to $392.2 million. General and administrative expenses declined 2.8% year over year to $223.8 million. Research & development expenses decreased 11.9% year over year to $262.5 million. Business reorganization expenses decreased significantly to $0.9 million from $17.1 million in the year-ago quarter.
Operating income was $10.9 million compared with the year-ago quarter's operating loss of $3.78 billion, representing a significant improvement.
Balance Sheet & Cash Flow DetailsAs of March 31, 2026, TTWO has cash and cash equivalents of approximately $1.55 billion compared with $2.16 billion as of Dec. 31, 2025. The company also had short-term investments of $443.8 million. It had total debt of $2.79 billion as of Dec. 31, 2025 (consisting of $30 million in short-term debt and $2.49 billion in long-term debt).
For fiscal 2026, net cash provided by operating activities was $624.3 million, a significant improvement from the operating cash outflow of $45.2 million in fiscal 2025. Capital expenditures for fiscal 2026 were $163 million, while the company expects approximately $200 million in capital expenditures for fiscal 2027.
TTWO's Q1 & FY27 GuidanceFor the first quarter of fiscal 2027, management expects Net Bookings of $1.32-$1.37 billion and GAAP total net revenues of $1.45-$1.50 billion. The company also forecast a GAAP net loss per share between 23 cents and 15 cents, alongside expected EBITDA of $155-$179 million, reflecting continued investment as it positions its pipeline for the remainder of the year.
Take-Two introduced initial fiscal 2027 Net Bookings guidance of $8.0-$8.2 billion, implying a step up from fiscal 2026. The company also guided to GAAP total net revenues of $7.9-$8.1 billion and GAAP diluted net income per share of 55 to 75 cents for the year ending March 31, 2027.
The company projects operating cash flow to exceed $1 billion in fiscal 2027, with capital expenditures expected to be approximately $200 million.
Take-Two’s Zacks Rank & Other Stocks to ConsiderCurrently, TTWO carries a Zacks Rank #2 (Buy).
Alto Ingredients (ALTO - Free Report) , Codere Online Luxembourg (CDRO - Free Report) and Hasbro (HAS - Free Report) are some other top-ranked stocks that investors can consider in the broader Zacks Consumer Discretionary sector. While Alto Ingredients currently sports a Zacks Rank #1 (Strong Buy), Codere Online Luxembourg and Hasbro carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Alto Ingredients’ shares have jumped 58% year to date. ALTO’s long-term earnings growth rate is projected at 53.7%.
Codere Online Luxembourg’s shares have gained 17.3% year to date. CDRO’s long-term earnings growth rate is projected at 10.53%.
Hasbro shares have returned 9.8% year to date. HAS’ long-term earnings growth rate is projected at 8.53%.
Key Takeaways Take-Two Interactive offered an update that's welcome to gamers, confirming that "Grand Theft Auto VI" was still on track to launch in November.Its shares, however, fell Friday as investors digested a revenue outlook that was cooler than some expected. Get personalized, AI-powered answers built on 27+ years of trusted expertise.
The release date of Take-Two Interactive's flagship game is good news for video-game fans—but it's not helping the stock today.
Take-Two (TTWO) CEO Strauss Zelnick on Thursday reiterated a Nov. 19 launch date for "Grand Theft Auto VI," the latest installment in a culturally influential series that has been a big seller. Delays in the game's release have at times been an overhang for Take-Two's stock, so that news cheered investors, who lifted the shares premarket as they felt more certain that it would arrive in time for the holiday shopping season.
Why This Matters to Investors Investors ultimately care most about what seems most likely to happen next—and information that offers insights along those lines. In today's case, a cooler-than-expected sales outlook carried more weight than stronger-than-expected earnings and good product news.
"We believe Fiscal 2027 will establish new record levels of operating performance driven by the November 19th launch of Grand Theft Auto VI, along with strong execution across our portfolio," Zelnick said in a statement that also included its full-fiscal-year results.1
That premarket move, unfortunately, didn't hold, as investors turned their attention away from the GTA news. The stock was recently down more than 6%, with the shares now looking at double-digit percentage losses year-to-date.
The company turned in a smaller-than-expected fiscal fourth-quarter loss of 32 cents per share on $1.68 billion in revenue, but its outlook likely weighed on the shares. Take-Two directed investors toward a range of current-year revenue that topped out at $8.1 billion; Visible Alpha's consensus is for a bit more than $8.3 billion in sales.
Some bullish analysts said they viewed the outlook as too cautious. The guidance "came in below expectations, but appears overly conservative," Wedbush wrote. "We remain highly optimistic as Take-Two’s portfolio performs well across categories."
