Take-Two beats FY2026 guidance with strong growth, eyes higher FY2027 performance ahead of GTA VI launch

Take-Two Interactive exceeded its FY2026 financial guidance, driven by growth in recurrent consumer spending, mobile gaming, and core franchises. The company is strengthening its financial position with expanding EBITDA and an improved balance sheet as it prepares for the highly anticipated release of Grand Theft Auto VI. Management expects FY2027 to deliver a higher level of operating performance supported by a multi-year release pipeline. Despite trading at a premium valuation, Take-Two's strong momentum and growth prospects justify the premium, leading to a buy rating and a 12-month price target of $273 per share.