Recent Updates — TTWO

Take-Two Interactive Software, Inc. and Microsoft Corporation entered into a new long-term Xbox Publisher License Agreement effective September 17, 2026. This agreement supersedes all existing publisher license agreements between the parties. It grants Take-Two the right to develop, publish, manufacture, market, advertise, distribute, and sell Xbox-compatible products for all Xbox devices. Microsoft retains rights to review, evaluate, and approve game concepts and final versions, including packaging and marketing materials. Financial terms involve applicable wholesale prices or agreed revenue shares for digitally delivered products sold by Microsoft, along with fees and royalties for physical media manufactured on behalf of Take-Two. Either party may terminate the agreement in the event of a material breach or insolvency. Upon expiration or termination, Take-Two retains certain rights to sell off existing inventories. The full text of the agreement will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2026. Take-Two Interactive Software, Inc. is a video game publisher and developer.

Take-Two Interactive Software reported fiscal first quarter 2027 results ending June 30, 2026. GAAP net revenue was $1.53 billion, while total Net Bookings decreased 3% to $1.39 billion. The company posted a GAAP net loss of $34.1 million, or $0.18 per share, compared to a net loss of $11.9 million in the prior year period. This decline included a $43.4 million impairment charge related to an unannounced title. Take-Two reiterated its full-year fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion and provided initial guidance for the second quarter ending September 30, 2026. The company operates in the interactive entertainment industry, developing and publishing video games.