# Take-Two Interactive Software, Inc. (TTWO)

> Source: Nexqual · https://nexqual.com/TTWO · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Take-Two Interactive Software, Inc. (TTWO), nexqual.com/TTWO" · informational, not investment advice.

**Price:** USD 207.81 (+0.80% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 206.16 · day 206.47–211.99 · 52w 187.63–265.94 · market cap $38.9B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.69B, net income -$320M (-4.8% margin), free cash flow $338M (SEC filings).
- 2 of 80 tracked superinvestors hold TTWO (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 25 Form 4 filings, $149M; 7 not under a Rule 10b5-1 plan ($26.3M); 9 by opportunistic insiders (4 outside 10b5-1 plans), 7 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -18.4% vs S&P 500 +14.9%; 5Y +15.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD -0.88, revenue estimate $1.66B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.50B | $5.35B | $5.35B | $5.63B | $6.66B | $6.69B |
| Gross profit | $1.97B | $2.29B | $2.24B | $3.06B | $3.81B | — |
| Operating income | $474M | -$1.17B | -$3.59B | -$4.39B | -$104M | -$161M |
| Net income | $418M | -$1.12B | -$3.74B | -$4.48B | -$298M | -$320M |
| EPS (diluted) | $3.58 | -$7.03 | -$22.01 | -$25.58 | -$1.62 | — |
| Free cash flow | $99.4M | -$203M | -$158M | -$215M | $462M | $338M |
| Gross margin | 56.2% | 42.7% | 41.9% | 54.4% | 57.2% | — |
| Operating margin | 13.5% | -21.8% | -67.1% | -77.9% | -1.6% | -2.4% |
| Net margin | 11.9% | -21.0% | -70.0% | -79.5% | -4.5% | -4.8% |
| Revenue growth | +3.9% | +52.6% | +0.0% | +5.3% | +18.2% | — |
| Cash + short-term investments | $2.55B | $1.01B | $776M | $1.47B | $1.99B | — |
| Total debt | $0K | $3.08B | $3.10B | $3.68B | $2.53B | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 5.8x · EV/EBITDA 1130.3x · EV/Sales 5.9x · P/FCF 115.1x · P/B 10.8x · FCF yield 0.87% · Earnings yield -0.82% · Net debt $704M · EV $39.6B

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold TTWO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Chase Coleman | Tiger Global Management | 1.89% | $452M | Reduced -9.5% |
| Viking Global | Viking Global Investors | 0.67% | $235M | New position |

## Insider sales (SEC Form 4, open-market, last ~7 months)
18 of 25 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Siminoff Ellen F | Director | 334 | $68K | 2.6% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-02 | Sheresky Michael | Director | 484 | $99K | 0.7% | Yes (adopted November 18, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-29 | Gordon William B | Director | 10,000 | $2.0M | 17.5% | Yes (adopted June 23, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-15 | Siminoff Ellen F | Director | 334 | $73K | 2.8% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-02…2026-09-03 | Emerson Daniel P | Chief Legal Officer | 1,661 | $361K | 1.5% | Yes (adopted March 3, 2026) | Routine (sold in Jun & Dec each year 2023–2025; this trade is outside those months) |
| 2026-09-02 | Goldstein Lainie | Chief Financial Officer | 1,335 | $291K | 0.5% | Yes | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-08-17 | Srinivasan Laverne Evans | Director | 362 | $89K | 4.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-17 | Sheresky Michael | Director | 127 | $31K | 0.2% | Yes (adopted November 18, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-14 | Siminoff Ellen F | Director | 334 | $81K | 2.7% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-10 | Zelnick Strauss | Chairman, CEO | 40,000 | $10.1M | 2.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-01 | Siminoff Ellen F | Director | 334 | $84K | 2.7% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-22 | Moses Jon J | Director | 500 | $122K | 2.2% | No | Too little history (no open-market trades in 2023) |
| 2026-06-16 | Emerson Daniel P | Chief Legal Officer | 4,419 | $1.0M | 3.7% | Yes (adopted March 3, 2026) | Routine (sold in Jun & Dec each year 2023–2025) |
| 2026-06-15 | Moses Jon J | Director | 500 | $108K | 2.2% | No | Too little history (no open-market trades in 2023) |
| 2026-06-15 | Emerson Daniel P | Chief Legal Officer | 4,421 | $951K | 3.6% | Yes (adopted March 3, 2026) | Routine (sold in Jun & Dec each year 2023–2025) |
| 2026-06-08 | Emerson Daniel P | Chief Legal Officer | 8,840 | $1.9M | 6.7% | Yes (adopted March 3, 2026) | Routine (sold in Jun & Dec each year 2023–2025) |
| 2026-06-04 | Dornemann Michael | Director | 1,151 | $250K | 5.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01…2026-06-03 | Slatoff Karl | President | 249,327 | $56.2M | 18.1% | Yes (adopted November 17, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-02 | Goldstein Lainie | Chief Financial Officer | 31,060 | $6.8M | 9.9% | Yes | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-02 | Emerson Daniel P | Chief Legal Officer | 21,102 | $4.6M | 13.8% | Yes | Routine (sold in Jun & Dec each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-10 | Roth Capital | Target raised | Buy | $295 → $300 |
| 2026-08-10 | Oppenheimer | Target raised | Outperform | $265 → $280 |
| 2026-08-10 | Wells Fargo | Target raised | Overweight | $289 → $300 |
| 2026-08-10 | DA Davidson | Maintained | Buy | $300 |
| 2026-08-10 | Wedbush | Reiterated | Outperform | $300 |
| 2026-08-10 | Baird | Target raised | Outperform | $265 → $270 |
| 2026-08-10 | BTIG | Target raised | Buy | $293 → $313 |
| 2026-07-27 | BTIG | Reiterated | Buy | $293 |
| 2026-07-07 | Wells Fargo | Target raised | Overweight | $287 → $289 |
| 2026-07-02 | BTIG | Reiterated | Buy | $293 |
| 2026-06-25 | BTIG | Target raised | Buy | $290 → $293 |
| 2026-06-25 | BMO Capital | Target raised | Outperform | $280 → $285 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -18.4% | +15.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -18.4% | +2.8% |
| Volatility (annualized) | 33.6% | 30.2% |
| Max drawdown | -26.4% (Dec 2025→Mar 2026) | -47.4% (Nov 2021→Nov 2022) |

## Peers (Electronic Gaming & Multimedia)
RBLX (Roblox Corporation) USD 53.96 +2.68% · NTES (NetEase, Inc.) USD 118.67 -3.50% · PLTK (Playtika Holding Corp.) USD 2.06 +0.00% · DDI (DoubleDown Interactive Co., Ltd) USD 13.34 -2.91% · GRVY (GRAVITY Co., Ltd.) USD 66.19 -0.05% · SOHU (Sohu.com Limited) USD 12.73 +1.68%

## More
Full page: https://nexqual.com/TTWO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Digital Online | $1.51B | 98.3% | +2.1% |
| Game | $1.42B | 92.8% | +2.9% |
| Recurrent consumer spending | $1.29B | 84.1% | +2.7% |
| Mobile | $762.3M | 49.7% | -4.9% |
| Console | $640.5M | 41.8% | +16.3% |
| Full game and other | $244.1M | 15.9% | -1.5% |
| P C And Other Products | $131.1M | 8.5% | -13.5% |
| Advertising | $111.1M | 7.2% | -8.4% |
| Physical Retail And Other | $26.6M | 1.7% | -2.2% |
| Total revenue | $1.53B | 100% | — |
The lines above cover 400% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $920.0M | 60.0% | +2.2% |
| International | $613.9M | 40.0% | +1.7% |
| Total revenue | $1.53B | 100% | — |

## Customer concentration

Period ended 2026-03-31: 24.9%, 22.5%, 15%, 12.1% of revenue from unnamed direct customers (10-K, filed 2026-05-22).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.88 | $-0.62 | +41.6% | $1.66B | 10 |
| Next quarter (ends 2026-12-31) | $1.94 | $1.87 | +3.4% | $3.38B | 9 |
| Current fiscal year (ends 2027-03-31) | $1.84 | $1.97 | -6.8% | $8.51B | 13 |
| Next fiscal year (ends 2028-03-31) | $5.28 | $5.45 | -3.0% | $9.26B | 15 |