- Take-Two entered a long-term Xbox publisher license agreement effective September 17, 2026, replacing existing agreements and granting rights to develop, publish, market, distribute, and sell Xbox-compatible products.
- Microsoft signed the agreement, consolidating prior deals and unifying terms for current and future titles across Microsoft devices, with tighter control over pricing, revenue shares, and content approvals.
- Fiscal Q1 2027 GAAP net revenue rose 2.00% to USD 1.53 billion, while the GAAP net loss widened to USD 34.10 million, partly due to a USD 43.40 million impairment on an unannounced title.
- FY27 Net Bookings are projected at USD 8.0-8.2 billion, including the planned November 19, 2026 launch of Grand Theft Auto VI.
- Valuation views diverge: one narrative cites a fair value of $276.97 against a last close of $207.50, while a market-pricing view puts the P/S ratio at 5.8x against a fair ratio of 3.5x.
Quotes
“with Microsoft paying wholesale prices or agreed revenue shares for digital content”