Take-Two Interactive Software, Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Mar 2026, United States was 59% and Outside the United States was 41% of revenue; United States fell from 61% in the fiscal year to Mar 2024.

Quarters: Take-Two Interactive Software, Inc.'s SEC filings, named by the month they end. Fiscal years: Take-Two Interactive Software, Inc.'s annual reports to the SEC.

How it makes money

The company loses $4.5 for every $100 of revenue. Operating expenses exceed all of gross profit.

Circled: Mar 2024 (net −207.4%, operating −193.9%). Net margin is usually less than 1 point below operating margin; in that quarter something below operating income (a tax charge or benefit, a gain or loss on investments, a write-down) moved it, not the business itself.

Each margin is that line of the income statement divided by revenue. Fiscal year: Take-Two Interactive Software, Inc.'s annual reports to the SEC; quarters: SEC filings.

How much does it spend on building?

Take-Two Interactive Software spent $269M on property and equipment in the four quarters to Sep 2026, 4.2% of its revenue, against 2.5% a year earlier. That is 73% of the cash its operations brought in.

A line beyond the scale runs off it; the legend gives its latest value.

From Take-Two Interactive Software, Inc.'s SEC filings: payments for property and equipment by quarter (networks, data centers, buildings; software built for its own use where the company counts it in), the fourth quarter being the year minus nine months; the share is the four quarters' spending over their revenue.

How much goes into research?

Take-Two Interactive Software spent $1.1B on research and development in the four quarters to Sep 2026, 16.7% of its revenue, against 17.1% a year earlier. Over the year its research spending rose 1.0% and its revenue rose 3.1%.

From Take-Two Interactive Software, Inc.'s SEC filings: research and development expense by quarter, the fourth being the year minus nine months; its share is the four quarters' expense over their revenue. Some companies count the research they buy, through licences and acquisitions, in this line, so it jumps in the quarter they pay; others report that on a line of its own, not shown here.

Customers and suppliers

In its latest annual report Take-Two Interactive Software buys from Nintendo, Meta Platforms, Alphabet and 2 more; 4 customers it does not name account for 22.5% and 24.9% and 15.0% and 12.1% of its revenue. It sells through the platforms of Apple, Sony, Alphabet and 2 more. Since then its 8-K filings name Microsoft as a platform it sells through (Sep 30, 2026).

Their suppliers

AppLovin APPto Alphabet, Meta Platforms

Celestica CLSto Alphabet, Meta Platforms

Marvell Technology MRVLto Alphabet

AMD AMDto Meta Platforms

Show 4

Suppliers

Alphabet GOOGL

Meta Platforms META

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DOLP 1133 Properties III

Nintendo 7974.T

ZMC

 

TTWOTake-Two Interactive Software

Customers

Unnamed customer 25%

Unnamed customer 22%

Unnamed customer 15%

Unnamed customer 12%

Take-Two Interactive Software's 10-K for the year to Mar 2026 gives four customers' shares of its revenue: Second Customer (24.9%), One Large Customer (22.5%), Third Customer (15%) and Fourth Customer (12.1%). Separately, it gives a group of customers: Five Largest Customers (80.6%).

From Take-Two Interactive Software, Inc.'s 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's. A dash is a group of customers the filing gives (a government's agencies, the largest customers together, all the others): it can include the customers beside it, so the shares need not add up.

Partners

Tencent 0700.HKOffers NBA 2K Online in China

Platforms

Apple AAPLTake-Two Interactive Software sells through itMore than 10.0% of net revenue, fiscal year ended March 31, 2026

Sony SONYTake-Two Interactive Software sells through itMore than 10.0% of net revenue, fiscal year ended March 31, 2026

Alphabet GOOGLTake-Two Interactive Software sells through itMore than 10.0% of net revenue, fiscal year ended March 31, 2026Microsoft MSFTTake-Two Interactive Software sells through itMore than 10.0% of net revenue, fiscal year ended March 31, 2026Meta Platforms METATake-Two Interactive Software sells through it · Distributes games on mobile and web platformsMicrosoft MSFTTake-Two Interactive Software sells through it · 8-K, Sep 30, 2026

Only the companies Take-Two Interactive Software names in its 10-K filed May 22, 2026 (SEC) and in the 8-Ks it filed since, each with its date. The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Platforms: an app store, a console maker or a marketplace one company sells through and pays a share or a fee; not supply, so not on the chain. Hover a name for the filing's own words. Customers it does not name are listed as the filing describes them.

Is it expensive?

Currently unprofitable, so P/E does not apply, so we look at price-to-sales instead: 6.6x, above the peer median of 6.5x. Revenue is down 16% from a year ago.

Above the peer median of 6.5x. The market pays more per $1 of revenue than for peers.

Take-Two Interactive Software, Inc. is currently unprofitable, so P/E does not apply. We use price-to-sales instead: market cap as a multiple of revenue.

What analysts expect

The average analyst price target is $284, 25% above the current price; 97% of 29 analysts rate it a buy; earnings beat estimates in 3 of the last 4 quarters.

Buy or Strong Buy: 28 analysts (97%). Sell or Strong Sell: 1.

Over the past year the average of the analysts' latest price targets went from $280.79 to $291.67 (+4%), while TTWO went from $237.55 to $226.95 (−4%). In the past three months targets were cut twice and never raised. No firm upgraded or downgraded it over the year.

The day after each of these reports the stock moved −9.5% (Dec 2025, missed); −3.8% (Mar 2026, beat); +9.1% (Jun 2026, beat); +4.5% (Sep 2026, beat).

For the quarter ending Dec 2026 (Take-Two Interactive Software reports on Feb 9, 2027), analysts expect revenue of $3.4B, up 100% on a year earlier. For the fiscal year ending Mar 2027, they expect adjusted earnings of $1.72 a share, and revenue of $8.6B, up 29% on the year before.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $98M in free cash flow over the year, with no dividends and no buybacks. All of the cash stays in the company.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings.

Financial health

Current ratio 1.2, short-term debt is manageable; debt-to-equity 0.7, debt is moderate.

Latest fiscal year balance sheet. Source: Yahoo Finance.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 12 held TTWO at the end of their latest quarter (for most, Q2 2026). Over that quarter 3 added shares, 6 cut, 2 bought new, 2 sold all and 1 held the same. The largest of them is Saudi Electronic Games Holding, 11.41M shares worth $2.9B at Jun 30, 2026.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of TTWO at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors sold $56.8M of TTWO on the open market in the 12 months to Nov 13, 2026; none bought. 29% of the sales were made under 10b5-1 plans, set up in advance. The largest was Strauss Zelnick (Chairman, CEO; director), who sold $38.5M in 25 sales.

From the Form 4s filed with the SEC about Take-Two Interactive Software, Inc. (57 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 53 other transactions (grants, shares sold to pay tax, gifts and other transfers).