Mixed Q1 earnings with significant guidance cuts

TAKE-TWO $TTWO Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.53B (Est. $1.41B) 🟢; +2% YoY 🔹 Net Bookings: $1.39B; -3% YoY 🔹 EBITDA: $167.0M (Est. $155M) 🟢 FY27 Guide: 🔹 Revenue: $7.9B-$8.1B (Est. $8.51B) 🔴 🔹 Net Income: $104M-$143M (Est. $1.29B) 🔴 🔹 EBITDA: $993M-$1.05B (Est. $1.69B) 🔴 🔹 Net Bookings: $8.0B-$8.2B Q2 Guide: 🔹 Revenue: $1.42B-$1.47B (Est. $1.72B) 🔴 🔹 EBITDA: -$20M-$4M (Est. $238M) 🔴 Other Q1 Metrics: 🔹 Recurrent Consumer Spending: $1.29B; +3% YoY Comments: 🔸 “we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion.” 🔸 “excitement around the November 19(th) launch of Grand Theft Auto VI”