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Opened a $ETH long on the Perp market 🟢 20X leverage, riding the momentum from 2,462 → 2,732. Currently up +198% on this position 📈 Let's see where this run takes us. #ETH #Binance #cryptouniverseofficial #perpetuals
Opened a $ETH long on the Perp market 🟢 20X leverage, riding the momentum from 2,462 → 2,732. Currently up +198% on this position 📈 Let's see where this run takes us. #ETH #Binance #cryptouniverseofficial #perpetuals
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Article
GTA 6 Owner Take-Two Is Not Interested In Selling To Netflix Or Anyone Right Now"I think if anyone deserves to be an independent company, we do."
By Eddie Makuch on August 11, 2026 at 8:04AM PDT
{stock_us}(TTWO.US)
Take-Two, which owns Rockstar and Grand Theft Auto, is not interested in selling. The company’s top boss, Strauss Zelnick, appeared on CNBC recently where he was asked if Take-Two’s partnership with Netflix for the next GTA 6 trailer might be the first step toward a buyout. It is not, he said, adding that Take-Two is not interested in selling to anyone at the moment.
Zelnick pointed out that Take-Two has already “made a bunch of deals” with Netflix for distributing some of its games via Netflix Games. While some GTA games have been pulled from the Netflix Games library, subscribers can still play Red Dead Redemption via Netflix. Zelnick said Netflix, as a company, is all about increasing subscribers and making more money by releasing entertaining titles, and this could include more output in games. “So, it stands to reason that they would make their way into the business of games,” Zelnick said.
GTA 6 is launching this November.
Asked if Netflix might move things along faster by making a big purchase of a gaming company, Zelnick said that’s a question for Netflix co-CEOs Ted Sarandos and Greg Peters. Zelnick said Netflix, historically, has not done many “big acquisitions,” instead preferring to grow organically.
Netflix famously announced a buyout of Warner Bros. Discovery, but it fell apart after Paramount swooped in with more cash and better terms. In terms of gaming buyouts, Netflix has done this with acquisitions of companies like Night School Studio, Next Games, Boss Fight, and Spry Fox, to name a few.
Netflix’s efforts in the gaming space have not been totally smooth, of course, as previous management invested in AAA games and hired big names, before the company changed course and shifted focus to smaller-scale games.
As for Take-Two possibly selling itself, Zelnick said that’s unlikely right now.
“I think we’re very proud of the way we’ve built this company independently and we’re now the largest pure-play that’s public in the space worldwide,” he said. “We expect to have over $8 billion in revenue this year. We generate profits year in, year out. I don’t mean to imply that’s easy or even predictable. We have to get up every morning and do it. But I think if anyone deserves to be an independent company, we do.”
Take-Two currently trades at more than $250/share with a market cap north of $47 billion. The company remains public after some of its peers went private, with Microsoft acquiring Activision Blizzard and Saudi Arabia’s PIF recently closing its deal for Electronic Arts.
Take-Two is poised for a big year, with GTA 6 launching in November on PS5 and Xbox Series X|S. Rockstar will finally show more of the game on August 27 via Netflix.
GTA 6 Owner Take-Two Is Not Interested In Selling To Netflix Or Anyone Right Now
"I think if anyone deserves to be an independent company, we do."
By Eddie Makuch on August 11, 2026 at 8:04AM PDT
Take-Two, which owns Rockstar and Grand Theft Auto, is not interested in selling. The company’s top boss, Strauss Zelnick, appeared on CNBC recently where he was asked if Take-Two’s partnership with Netflix for the next GTA 6 trailer might be the first step toward a buyout. It is not, he said, adding that Take-Two is not interested in selling to anyone at the moment.
Zelnick pointed out that Take-Two has already “made a bunch of deals” with Netflix for distributing some of its games via Netflix Games. While some GTA games have been pulled from the Netflix Games library, subscribers can still play Red Dead Redemption via Netflix. Zelnick said Netflix, as a company, is all about increasing subscribers and making more money by releasing entertaining titles, and this could include more output in games. “So, it stands to reason that they would make their way into the business of games,” Zelnick said.
GTA 6 is launching this November.
Asked if Netflix might move things along faster by making a big purchase of a gaming company, Zelnick said that’s a question for Netflix co-CEOs Ted Sarandos and Greg Peters. Zelnick said Netflix, historically, has not done many “big acquisitions,” instead preferring to grow organically.
Netflix famously announced a buyout of Warner Bros. Discovery, but it fell apart after Paramount swooped in with more cash and better terms. In terms of gaming buyouts, Netflix has done this with acquisitions of companies like Night School Studio, Next Games, Boss Fight, and Spry Fox, to name a few.
Netflix’s efforts in the gaming space have not been totally smooth, of course, as previous management invested in AAA games and hired big names, before the company changed course and shifted focus to smaller-scale games.
As for Take-Two possibly selling itself, Zelnick said that’s unlikely right now.
“I think we’re very proud of the way we’ve built this company independently and we’re now the largest pure-play that’s public in the space worldwide,” he said. “We expect to have over $8 billion in revenue this year. We generate profits year in, year out. I don’t mean to imply that’s easy or even predictable. We have to get up every morning and do it. But I think if anyone deserves to be an independent company, we do.”
Take-Two currently trades at more than $250/share with a market cap north of $47 billion. The company remains public after some of its peers went private, with Microsoft acquiring Activision Blizzard and Saudi Arabia’s PIF recently closing its deal for Electronic Arts.
Take-Two is poised for a big year, with GTA 6 launching in November on PS5 and Xbox Series X|S. Rockstar will finally show more of the game on August 27 via Netflix.
By Eddie Makuch on August 11, 2026 at 8:04AM PDT
Take-Two, which owns Rockstar and Grand Theft Auto, is not interested in selling. The company’s top boss, Strauss Zelnick, appeared on CNBC recently where he was asked if Take-Two’s partnership with Netflix for the next GTA 6 trailer might be the first step toward a buyout. It is not, he said, adding that Take-Two is not interested in selling to anyone at the moment.
Zelnick pointed out that Take-Two has already “made a bunch of deals” with Netflix for distributing some of its games via Netflix Games. While some GTA games have been pulled from the Netflix Games library, subscribers can still play Red Dead Redemption via Netflix. Zelnick said Netflix, as a company, is all about increasing subscribers and making more money by releasing entertaining titles, and this could include more output in games. “So, it stands to reason that they would make their way into the business of games,” Zelnick said.
GTA 6 is launching this November.
Asked if Netflix might move things along faster by making a big purchase of a gaming company, Zelnick said that’s a question for Netflix co-CEOs Ted Sarandos and Greg Peters. Zelnick said Netflix, historically, has not done many “big acquisitions,” instead preferring to grow organically.
Netflix famously announced a buyout of Warner Bros. Discovery, but it fell apart after Paramount swooped in with more cash and better terms. In terms of gaming buyouts, Netflix has done this with acquisitions of companies like Night School Studio, Next Games, Boss Fight, and Spry Fox, to name a few.
Netflix’s efforts in the gaming space have not been totally smooth, of course, as previous management invested in AAA games and hired big names, before the company changed course and shifted focus to smaller-scale games.
As for Take-Two possibly selling itself, Zelnick said that’s unlikely right now.
“I think we’re very proud of the way we’ve built this company independently and we’re now the largest pure-play that’s public in the space worldwide,” he said. “We expect to have over $8 billion in revenue this year. We generate profits year in, year out. I don’t mean to imply that’s easy or even predictable. We have to get up every morning and do it. But I think if anyone deserves to be an independent company, we do.”
Take-Two currently trades at more than $250/share with a market cap north of $47 billion. The company remains public after some of its peers went private, with Microsoft acquiring Activision Blizzard and Saudi Arabia’s PIF recently closing its deal for Electronic Arts.
Take-Two is poised for a big year, with GTA 6 launching in November on PS5 and Xbox Series X|S. Rockstar will finally show more of the game on August 27 via Netflix.
TTWOUS+0.16%
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Article
Take-Two (TTWO) Q1 2027 Earnings Call TranscriptMotley Fool Transcribing, The Motley Fool
Fri, August 14, 2026 at 6:14 PM GMT+5 46 min read
TTWO
+2.08%
Image source: The Motley Fool.
DATE
Friday, Aug. 7, 2026 at 8:00 a.m. ET
CALL PARTICIPANTS
Chairman and Chief Executive Officer - Strauss Zelnick
President - Karl Slatoff
Chief Financial Officer - Lainie Goldstein
SVP, Investor Relations and Corporate Communications - Nicole Shevins
Full Conference Call Transcript
Operator: Hello, everyone. Thank you for joining us, and welcome to the Take-Two Interactive Software First Quarter Fiscal Year 2027 Results Conference Call. [Operator Instructions] I will now hand the conference over to Nicole Shevins, SVP, Investor Relations and Corporate Communications. Nicole, please go ahead.
Nicole Shevins: Good morning. Thank you for joining our conference call to discuss our results for the first quarter of fiscal year 2027 ended June 30, 2026. Today's call will be led by Strauss Zelnick, Take-Two's Chairman and Chief Executive Officer; Karl Slatoff, our President; and Lainie Goldstein, our Chief Financial Officer. We will be available to answer your questions during the Q&A session following our prepared remarks. Before we begin, I'd like to remind everyone that statements made during this call that are not historical facts are considered forward-looking statements under federal securities laws. These forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to us.
We have no obligation to update these forward-looking statements. Actual operating results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in our filings with the SEC, including the company's most recent annual report on Form 10-K and quarterly report on Form 10-Q, including the risks summarized in the section entitled Risk Factors. I'd also like to note that unless otherwise stated, all numbers we will be discussing today are GAAP and all comparisons are year-over-year. Additional details regarding our actual results and outlook are contained in our press release, including the items that our management uses internally to adjust our GAAP financial results in order to evaluate our operating performance.
Our press release also contains a reconciliation of any non-GAAP financial measure to the most comparable GAAP measure. In addition, we have posted to our website a slide deck that visually presents our results and financial outlook. Our press release and filings with the SEC may be obtained from our website at take2games.com. And now I'll turn the call over to Strauss.
Strauss Zelnick: Thanks, Nicole. Good morning, and thank you for joining us today. Fiscal 2027 is off to an excellent start, led by the power of our diverse portfolio and the strong consistent execution of our strategy at all of our labels. We delivered first quarter net bookings of approximately $1.39 billion, which was slightly above the high end of our guidance range, primarily due to the outperformance of NBA 2K and the Grand Theft Auto series. We're reiterating our fiscal 2027 outlook for net bookings of $8 billion to $8.2 billion, which reflects both ongoing positive trends in our business and our high degree of confidence around the November 19 release of Grand Theft Auto VI.
We expect to sustain this new level of scale and generate strong cash flows for the next several years as we release our robust development pipeline, capitalize on incremental opportunities within our highly established hit franchises and continue to apply our proven long-term approach to managing the company. Now turning to highlights for the period. NBA 2K26's performance was outstanding and concluded a record year for the franchise. To date, the title has sold in over 12 million units, reflecting 9% growth compared to NBA 2K25.
Engagement was up meaningfully during the quarter with recurrent consumer spending growing 7%, driven by a 15% increase in average daily active users, a 25% increase in MyCAREER daily active users and a 35% increase in average games played per user. The achievements of this year's iteration of the series are a testament to Visual Concepts ability continually to deliver new innovative ways for fans to stay engaged, and our live service execution remains a cornerstone of NBA 2K's sustained success. During the quarter, 2K also supported Borderlands 4, Sid Meier's Civilization VII and WWE 2K26 with an array of new offerings, which enhanced player engagement and sentiment. The Grand Theft Auto series once again exceeded expectations.
And to date, Grand Theft Auto V has sold in over 230 million units worldwide. Recurrent consumer spending for the series grew 3% and GTA+ continues to thrive, all led by a series of content offerings, including the addition of the Rockstar Mission Creator, an all-new suite of innovative and in-depth tools empowering the player community to bring missions to life. Global excitement for the launch of Grand Theft Auto VI continues to build with the title having an exceptional start to preorders.
With Rockstar Games' recent announcement of Grand Theft Auto VI, an extended look coming on August 27, we believe that consumers' passion and anticipation for the next evolution of this iconic series will grow further, leading up to the title's November 19 release. Turning to our mobile business. Zynga performed in line with our expectations, and we're pleased that many of our forever franchises continue to resonate with players. Net bookings for Toon Blast grew 8% over last year. The title was supported by a new marketing campaign featuring Emmy nominated actor Giancarlo Esposito. Empires & Puzzles maintained steady momentum, anchored by a successful ninth anniversary campaign and the introduction of new heroes and character abilities.
Words With Friends exceeded our forecast with net bookings growing 8% year-over-year, led by strong ad performance and higher player engagement with several features, including Dice Challenge, the title's latest permanent one-on-one game mode. Top Eleven surpassed our expectations with net bookings increasing 15% year-over-year as fans enjoyed a special in-game event featuring player versus environment matches in 10 international locations. 2K's mobile offerings continue to perform well with strong downloads and engagement across key titles. NBA 2K All-Star, our mobile title in China in partnership with Tencent, surpassed 10 million registered users since launching last year and is yielding strong profit margins.
Our mobile direct-to-consumer channel remains a significant driver of revenue and margin enhancement with many of Zynga's titles offering this feature and further growth anticipated. Guided by our core pillars to be the most creative, innovative and efficient entertainment company in the world, our 13,000 colleagues share a singular vision for excellence and hit creation. Each day, we strive to bring joy to our player communities and value to our shareholders. I'd like to express my gratitude to our teams for their immense passion and unwavering commitment to our mission to make the most captivating and engaging experiences in the entertainment business.
We believe that fiscal 2027 will be an inflection point for Take-Two, one that will write an exciting new chapter in our history and provide the foundation for new levels of success and the creation of groundbreaking entertainment experiences. I'll now turn the call over to Karl.
Karl Slatoff: Thanks, Strauss. I'd like to thank our teams for delivering a great start to the year and setting the stage for the most exciting pipeline in our company's history. I'll now discuss our recent and upcoming releases. On July 8, 2K and HB Studios launched Season 7 for PGA TOUR 2K25, a free update, which added the 154th Open Championship at Royal Birkdale Golf Club. The team is planning to launch Season 8 in late September and is hard at work on this year's release of PGA TOUR 2K27. 2K will share more details in the coming months.
On July 14, Rockstar Games launched the Kortz Center Heist for GTA Online, which introduced an all-new blockbuster Heist targeting Los Santos' premier cultural institution with an array of artwork for the taking. On July 30, 2K and Gearbox launched Bounty Pack 4: Mergers and Acquisitions for Borderlands 4, which includes a new story mission and cosmetic items. Fans can look forward to even more action in September when Gearbox releases additional content, including the title's Next Story Pack. On August 14, 2K and Hangar 13 will release the Man of Honor story expansion for Mafia: The Old Country.
With Hangar 13 industry-leading capabilities and narrative-driven action titles, players will enjoy 2 new story chapters and all new content for the game's free ride mode. 2K and Visual Concepts will launch the WrestleMania 42 Pack for WWE 2K26 on August 19, followed by new seasons as part of the Ringside Pass during the fall. WWE 2K27 is currently in development, and 2K will provide updates later this year. On September 4, 2K and Visual Concepts will launch NBA 2K27, the next installment of our industry-leading basketball simulation that provides the most realistic and authentic NBA experience in interactive entertainment. This year, Victor Wembanyama of the San Antonio Spurs will be on the cover of the Standard Edition.
Caitlin Clark of the Indiana Fever will be on the cover of the Deluxe Edition and Chicago Bulls legend, Derrick Rose, will be on the cover of the Ultra Edition with early access available as part of the Deluxe and Ultra Editions. Last week, a first-look trailer of NBA 2K27's gameplay was revealed and the response has been positive with fans and the media expressing excitement over the titles improved graphics and enhanced player movement and presentation. 2K will share more about the game soon, including the NBA 2K27 preseason breakdown full game review on August 18.
Zynga will continue to focus on enhancing its existing mobile portfolio with bold beats and updates as well as releasing new titles, including Top Goal, which is currently in soft launch. The title recently introduced real-world soccer stars as well as enhanced 3D match simulation and player versus player gameplay. In closing, we are deeply excited about this year, highlighted by the November 19 launch of Grand Theft Auto VI, which will usher in a new era of growth for our company and returns for our shareholders. We remain steadfast in our mission and commitment to delivering the highest quality entertainment experiences that captivate and engage audiences throughout the world. I'll now turn the call over to Lainie.
Lainie Goldstein: Thanks, Karl, and good morning, everyone. We achieved excellent first quarter results driven by our powerful franchises, industry-leading talent and unwavering commitment to our strategic vision. I'd like to thank our teams for their hard work, which has enabled us to reach this exciting point within our company's history. Turning to our results. We delivered first quarter net bookings of $1.39 billion, which was slightly above our guidance range of $1.32 billion to $1.37 billion. This primarily reflected better-than-expected performance from NBA 2K and The Grand Theft Auto series. Recurrent consumer spending declined 1% for the period, which was favorable to our guidance of a 3% decline and accounted for 84% of net bookings. NBA 2K grew 7%.
The Grand Theft Auto series rose 3%. And as expected, mobile declined 7% over last year. GAAP net revenue increased 2% to $1.5 billion, while cost of revenue rose 17% to $651 million and included a $43 million impairment charge related to the decision not to proceed with an unannounced title from a third-party developer. Operating expenses were flat at $918 million. On a management basis, operating expenses declined 1% year-over-year, which was favorable to our forecast of 3% growth due to timing of marketing expenses across our labels.
With the ongoing positive trends in our business and excitement around the November 19 release of Grand Theft Auto VI, we are reiterating our fiscal 2027 net bookings outlook range of $8 billion to $8.2 billion, which represents approximately 20% growth over fiscal 2026 at the midpoint. The largest contributors to net bookings are expected to be The Grand Theft Auto series, NBA 2K, Toon Blast, Match Factory!, Empires & Puzzles, Words With Friends, the Red Dead Redemption Series, WWE 2K, Color Block Jam and Zynga Poker. We continue to expect recurrent consumer spending to be in line with fiscal 2026 and to represent 64% of net bookings. The underlying drivers remain unchanged.
NBA 2K projected to grow high single digits. The Grand Theft Auto series is expected to be up and Mobile expected to be down due to last year's success of Color Block Jam and our assumption that trends will moderate for several of Zynga's mature mobile titles. We now expect the net bookings breakdown from our labels to be roughly 37% Rockstar Games, 34% Zynga and 29% 2K. We continue to forecast operating cash flow in excess of $1 billion, and we remain on track to be in a net cash position by the end of the fiscal year.
We now plan to deploy approximately $290 million of capital expenditures, which is up from our prior forecast due to a planned real estate purchase. We continue to expect GAAP net revenue to range from $7.9 billion to $8.1 billion, while we now expect cost of revenue to range from $3.54 billion to $3.66 billion. Our total operating expenses are now expected to range from $4.15 billion to $4.17 billion. On a management basis, we expect operating expense growth of approximately 7% year-over-year, which is down slightly from our prior forecast. Now moving on to our guidance for the fiscal second quarter.
We project net bookings to range from $1.62 billion to $1.67 billion compared to $1.96 billion in the second quarter last year. Our release slate for the quarter includes NBA 2K27, as well as new content updates for various titles. The largest contributors to net bookings are expected to be NBA 2K, The Grand Theft Auto series, Toon Blast, Match Factory, Empires & Puzzles, Words with Friends, Color Block Jam, the Borderlands franchise, the Red Dead Redemption series and Zynga Poker. We project recurrent consumer spending to decline by approximately 5%, which assumes growth for NBA 2K and the Grand Theft Auto series, while mobile is expected to be down.
We expect GAAP net revenue to range from $1.42 billion to $1.47 billion. Operating expenses are planned to range from $1.01 billion to $1.02 -- on a management basis, operating expenses are expected to decline by approximately 5% year-over-year as last year included significant marketing expenses for the launch of Borderlands 4. Looking ahead, fiscal 2027 is on track to be a milestone year for our company, led by the release of Grand Theft Auto VI. We have great ambitions as our teams have carefully curated new opportunities that we believe will sustain this new level of scale for the foreseeable future, including live service enhancements, franchise extensions, the launch of new IP and international expansion.
In addition, we will continue to evaluate accretive M&A. As we bring these opportunities to fruition, we are confident in our ability to enhance our financial profile further and generate strong cash flows, setting us on a path to deliver continued growth and long-term shareholder returns. Thank you. I'll now turn the call back to Strauss.
Strauss Zelnick: Thanks, Lainie and Karl. On behalf of our entire management team, I'd like to thank our colleagues for an excellent start to what is poised to be an outstanding year for Take-Two. And to our shareholders, I want to express our appreciation for your continued support. We'll now take your questions. Operator?
Operator: [Operator Instructions] Your first question comes from the line of Doug Creutz with TD Cowen.
Douglas Creutz: One of your peers that reported previously suggested that there have been some slowdown in the Mobile market in Q2, which they attributed to macro uncertainty. Just wondered if you saw the same thing, if you saw different things. Any commentary you could offer would be helpful.
Strauss Zelnick: No, it's really not what we're seeing. Our results have been affected by how Color Block Jam is doing versus last year in terms of comping because it was a new title last year. But apart from that, we have delivered some really good news in Mobile. There's no doubt there's a bit of pressure on user acquisition at the moment. And I think that, that comes and goes in the marketplace. But no, we don't feel like the consumer is pulling back at all.
Operator: Your next question comes from the line of Andrew Marok with Raymond James.
Andrew Marok: Maybe one on the GTA VI extended look. I guess if you could give us a little bit more color on the thinking that went into the decision to go with Netflix for the time exclusivity rather than just the traditional route of releasing it on a free platform like YouTube or through Rockstar Socials.
Strauss Zelnick: This is a first-of-its-kind partnership with Netflix. They're a great marketing partner for us and distribution partner, as you know. We also work with virtually every social media outlet on Earth. This is part of Rockstar Games marketing strategy. We're excited for everyone to see an extended look of Grand Theft Auto VI. I'm not prepared to tell you how it's going to go, but I feel really good about it. And of course, 6 hours after the initial launch on Netflix, it will be available on Rockstar Games Channel on YouTube and I think ultimately, many other outlets.
Andrew Marok: Great. Maybe one more, if I could. Not that you needed any other tailwinds into GTA VI launch excitement, but can you talk a little bit about the Kortz Center update for GTA Online and maybe how that's been in terms of bringing in some lapsed players ahead of the GTA VI launch?
Karl Slatoff: We're actually very pleased how things are going right now. We typically don't give specific details about how releases are doing. But I can tell you that right now, we're very pleased with how things are going. And like all the Rockstar releases, they're exciting. They're well received by players, and they always bring in -- they always reactivate folks. So, so far, so good.
Operator: Your next question comes from the line of Brian Pitz with BMO Capital Markets.
Brian Pitz: You recently announced the $80 base game for GTA VI, but ultimately decided to leave NBA 2K27 base pricing at $70. As you think about go-forward base pricing, help us understand how you're thinking about being able to price games at a more premium price with more traditional AAA game prices around the $70 price point.
Strauss Zelnick: Look, we've said this many, many, many times. Our goal is to deliver way more value to consumers than what we charge them. And the truth is that the real cost of a AAA video game is a whole lot lower today than it was 20 years ago. Pricing has not kept pace with inflation. And our goal is to continue to overdeliver for our consumers because how you feel about any experience is the intersection of the experience itself and what you pay for it. So -- to say that we expect that Grand Theft Auto VI will be an incredible bargain as experiences go is a gross understatement because Rockstar Games is known for overdelivering.
And when people engage with our titles, and Karl just answered a question about GTA Online, remember, we're 13 years after GTA Online was launched and people are still highly engaged and we have record-setting engagement at times. So that's our goal. Our goal is not to maximize price.
Take-Two (TTWO) Q1 2027 Earnings Call Transcript
Motley Fool Transcribing, The Motley Fool
Fri, August 14, 2026 at 6:14 PM GMT+5 46 min read
TTWO
+2.08%
Image source: The Motley Fool.
DATE
Friday, Aug. 7, 2026 at 8:00 a.m. ET
CALL PARTICIPANTS
Chairman and Chief Executive Officer - Strauss Zelnick
President - Karl Slatoff
Chief Financial Officer - Lainie Goldstein
SVP, Investor Relations and Corporate Communications - Nicole Shevins
Full Conference Call Transcript
Operator: Hello, everyone. Thank you for joining us, and welcome to the Take-Two Interactive Software First Quarter Fiscal Year 2027 Results Conference Call. [Operator Instructions] I will now hand the conference over to Nicole Shevins, SVP, Investor Relations and Corporate Communications. Nicole, please go ahead.
Nicole Shevins: Good morning. Thank you for joining our conference call to discuss our results for the first quarter of fiscal year 2027 ended June 30, 2026. Today's call will be led by Strauss Zelnick, Take-Two's Chairman and Chief Executive Officer; Karl Slatoff, our President; and Lainie Goldstein, our Chief Financial Officer. We will be available to answer your questions during the Q&A session following our prepared remarks. Before we begin, I'd like to remind everyone that statements made during this call that are not historical facts are considered forward-looking statements under federal securities laws. These forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to us.
We have no obligation to update these forward-looking statements. Actual operating results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in our filings with the SEC, including the company's most recent annual report on Form 10-K and quarterly report on Form 10-Q, including the risks summarized in the section entitled Risk Factors. I'd also like to note that unless otherwise stated, all numbers we will be discussing today are GAAP and all comparisons are year-over-year. Additional details regarding our actual results and outlook are contained in our press release, including the items that our management uses internally to adjust our GAAP financial results in order to evaluate our operating performance.
Our press release also contains a reconciliation of any non-GAAP financial measure to the most comparable GAAP measure. In addition, we have posted to our website a slide deck that visually presents our results and financial outlook. Our press release and filings with the SEC may be obtained from our website at take2games.com. And now I'll turn the call over to Strauss.
Strauss Zelnick: Thanks, Nicole. Good morning, and thank you for joining us today. Fiscal 2027 is off to an excellent start, led by the power of our diverse portfolio and the strong consistent execution of our strategy at all of our labels. We delivered first quarter net bookings of approximately $1.39 billion, which was slightly above the high end of our guidance range, primarily due to the outperformance of NBA 2K and the Grand Theft Auto series. We're reiterating our fiscal 2027 outlook for net bookings of $8 billion to $8.2 billion, which reflects both ongoing positive trends in our business and our high degree of confidence around the November 19 release of Grand Theft Auto VI.
We expect to sustain this new level of scale and generate strong cash flows for the next several years as we release our robust development pipeline, capitalize on incremental opportunities within our highly established hit franchises and continue to apply our proven long-term approach to managing the company. Now turning to highlights for the period. NBA 2K26's performance was outstanding and concluded a record year for the franchise. To date, the title has sold in over 12 million units, reflecting 9% growth compared to NBA 2K25.
Engagement was up meaningfully during the quarter with recurrent consumer spending growing 7%, driven by a 15% increase in average daily active users, a 25% increase in MyCAREER daily active users and a 35% increase in average games played per user. The achievements of this year's iteration of the series are a testament to Visual Concepts ability continually to deliver new innovative ways for fans to stay engaged, and our live service execution remains a cornerstone of NBA 2K's sustained success. During the quarter, 2K also supported Borderlands 4, Sid Meier's Civilization VII and WWE 2K26 with an array of new offerings, which enhanced player engagement and sentiment. The Grand Theft Auto series once again exceeded expectations.
And to date, Grand Theft Auto V has sold in over 230 million units worldwide. Recurrent consumer spending for the series grew 3% and GTA+ continues to thrive, all led by a series of content offerings, including the addition of the Rockstar Mission Creator, an all-new suite of innovative and in-depth tools empowering the player community to bring missions to life. Global excitement for the launch of Grand Theft Auto VI continues to build with the title having an exceptional start to preorders.
With Rockstar Games' recent announcement of Grand Theft Auto VI, an extended look coming on August 27, we believe that consumers' passion and anticipation for the next evolution of this iconic series will grow further, leading up to the title's November 19 release. Turning to our mobile business. Zynga performed in line with our expectations, and we're pleased that many of our forever franchises continue to resonate with players. Net bookings for Toon Blast grew 8% over last year. The title was supported by a new marketing campaign featuring Emmy nominated actor Giancarlo Esposito. Empires & Puzzles maintained steady momentum, anchored by a successful ninth anniversary campaign and the introduction of new heroes and character abilities.
Words With Friends exceeded our forecast with net bookings growing 8% year-over-year, led by strong ad performance and higher player engagement with several features, including Dice Challenge, the title's latest permanent one-on-one game mode. Top Eleven surpassed our expectations with net bookings increasing 15% year-over-year as fans enjoyed a special in-game event featuring player versus environment matches in 10 international locations. 2K's mobile offerings continue to perform well with strong downloads and engagement across key titles. NBA 2K All-Star, our mobile title in China in partnership with Tencent, surpassed 10 million registered users since launching last year and is yielding strong profit margins.
Our mobile direct-to-consumer channel remains a significant driver of revenue and margin enhancement with many of Zynga's titles offering this feature and further growth anticipated. Guided by our core pillars to be the most creative, innovative and efficient entertainment company in the world, our 13,000 colleagues share a singular vision for excellence and hit creation. Each day, we strive to bring joy to our player communities and value to our shareholders. I'd like to express my gratitude to our teams for their immense passion and unwavering commitment to our mission to make the most captivating and engaging experiences in the entertainment business.
We believe that fiscal 2027 will be an inflection point for Take-Two, one that will write an exciting new chapter in our history and provide the foundation for new levels of success and the creation of groundbreaking entertainment experiences. I'll now turn the call over to Karl.
Karl Slatoff: Thanks, Strauss. I'd like to thank our teams for delivering a great start to the year and setting the stage for the most exciting pipeline in our company's history. I'll now discuss our recent and upcoming releases. On July 8, 2K and HB Studios launched Season 7 for PGA TOUR 2K25, a free update, which added the 154th Open Championship at Royal Birkdale Golf Club. The team is planning to launch Season 8 in late September and is hard at work on this year's release of PGA TOUR 2K27. 2K will share more details in the coming months.
On July 14, Rockstar Games launched the Kortz Center Heist for GTA Online, which introduced an all-new blockbuster Heist targeting Los Santos' premier cultural institution with an array of artwork for the taking. On July 30, 2K and Gearbox launched Bounty Pack 4: Mergers and Acquisitions for Borderlands 4, which includes a new story mission and cosmetic items. Fans can look forward to even more action in September when Gearbox releases additional content, including the title's Next Story Pack. On August 14, 2K and Hangar 13 will release the Man of Honor story expansion for Mafia: The Old Country.
With Hangar 13 industry-leading capabilities and narrative-driven action titles, players will enjoy 2 new story chapters and all new content for the game's free ride mode. 2K and Visual Concepts will launch the WrestleMania 42 Pack for WWE 2K26 on August 19, followed by new seasons as part of the Ringside Pass during the fall. WWE 2K27 is currently in development, and 2K will provide updates later this year. On September 4, 2K and Visual Concepts will launch NBA 2K27, the next installment of our industry-leading basketball simulation that provides the most realistic and authentic NBA experience in interactive entertainment. This year, Victor Wembanyama of the San Antonio Spurs will be on the cover of the Standard Edition.
Caitlin Clark of the Indiana Fever will be on the cover of the Deluxe Edition and Chicago Bulls legend, Derrick Rose, will be on the cover of the Ultra Edition with early access available as part of the Deluxe and Ultra Editions. Last week, a first-look trailer of NBA 2K27's gameplay was revealed and the response has been positive with fans and the media expressing excitement over the titles improved graphics and enhanced player movement and presentation. 2K will share more about the game soon, including the NBA 2K27 preseason breakdown full game review on August 18.
Zynga will continue to focus on enhancing its existing mobile portfolio with bold beats and updates as well as releasing new titles, including Top Goal, which is currently in soft launch. The title recently introduced real-world soccer stars as well as enhanced 3D match simulation and player versus player gameplay. In closing, we are deeply excited about this year, highlighted by the November 19 launch of Grand Theft Auto VI, which will usher in a new era of growth for our company and returns for our shareholders. We remain steadfast in our mission and commitment to delivering the highest quality entertainment experiences that captivate and engage audiences throughout the world. I'll now turn the call over to Lainie.
Lainie Goldstein: Thanks, Karl, and good morning, everyone. We achieved excellent first quarter results driven by our powerful franchises, industry-leading talent and unwavering commitment to our strategic vision. I'd like to thank our teams for their hard work, which has enabled us to reach this exciting point within our company's history. Turning to our results. We delivered first quarter net bookings of $1.39 billion, which was slightly above our guidance range of $1.32 billion to $1.37 billion. This primarily reflected better-than-expected performance from NBA 2K and The Grand Theft Auto series. Recurrent consumer spending declined 1% for the period, which was favorable to our guidance of a 3% decline and accounted for 84% of net bookings. NBA 2K grew 7%.
The Grand Theft Auto series rose 3%. And as expected, mobile declined 7% over last year. GAAP net revenue increased 2% to $1.5 billion, while cost of revenue rose 17% to $651 million and included a $43 million impairment charge related to the decision not to proceed with an unannounced title from a third-party developer. Operating expenses were flat at $918 million. On a management basis, operating expenses declined 1% year-over-year, which was favorable to our forecast of 3% growth due to timing of marketing expenses across our labels.
With the ongoing positive trends in our business and excitement around the November 19 release of Grand Theft Auto VI, we are reiterating our fiscal 2027 net bookings outlook range of $8 billion to $8.2 billion, which represents approximately 20% growth over fiscal 2026 at the midpoint. The largest contributors to net bookings are expected to be The Grand Theft Auto series, NBA 2K, Toon Blast, Match Factory!, Empires & Puzzles, Words With Friends, the Red Dead Redemption Series, WWE 2K, Color Block Jam and Zynga Poker. We continue to expect recurrent consumer spending to be in line with fiscal 2026 and to represent 64% of net bookings. The underlying drivers remain unchanged.
NBA 2K projected to grow high single digits. The Grand Theft Auto series is expected to be up and Mobile expected to be down due to last year's success of Color Block Jam and our assumption that trends will moderate for several of Zynga's mature mobile titles. We now expect the net bookings breakdown from our labels to be roughly 37% Rockstar Games, 34% Zynga and 29% 2K. We continue to forecast operating cash flow in excess of $1 billion, and we remain on track to be in a net cash position by the end of the fiscal year.
We now plan to deploy approximately $290 million of capital expenditures, which is up from our prior forecast due to a planned real estate purchase. We continue to expect GAAP net revenue to range from $7.9 billion to $8.1 billion, while we now expect cost of revenue to range from $3.54 billion to $3.66 billion. Our total operating expenses are now expected to range from $4.15 billion to $4.17 billion. On a management basis, we expect operating expense growth of approximately 7% year-over-year, which is down slightly from our prior forecast. Now moving on to our guidance for the fiscal second quarter.
We project net bookings to range from $1.62 billion to $1.67 billion compared to $1.96 billion in the second quarter last year. Our release slate for the quarter includes NBA 2K27, as well as new content updates for various titles. The largest contributors to net bookings are expected to be NBA 2K, The Grand Theft Auto series, Toon Blast, Match Factory, Empires & Puzzles, Words with Friends, Color Block Jam, the Borderlands franchise, the Red Dead Redemption series and Zynga Poker. We project recurrent consumer spending to decline by approximately 5%, which assumes growth for NBA 2K and the Grand Theft Auto series, while mobile is expected to be down.
We expect GAAP net revenue to range from $1.42 billion to $1.47 billion. Operating expenses are planned to range from $1.01 billion to $1.02 -- on a management basis, operating expenses are expected to decline by approximately 5% year-over-year as last year included significant marketing expenses for the launch of Borderlands 4. Looking ahead, fiscal 2027 is on track to be a milestone year for our company, led by the release of Grand Theft Auto VI. We have great ambitions as our teams have carefully curated new opportunities that we believe will sustain this new level of scale for the foreseeable future, including live service enhancements, franchise extensions, the launch of new IP and international expansion.
In addition, we will continue to evaluate accretive M&A. As we bring these opportunities to fruition, we are confident in our ability to enhance our financial profile further and generate strong cash flows, setting us on a path to deliver continued growth and long-term shareholder returns. Thank you. I'll now turn the call back to Strauss.
Strauss Zelnick: Thanks, Lainie and Karl. On behalf of our entire management team, I'd like to thank our colleagues for an excellent start to what is poised to be an outstanding year for Take-Two. And to our shareholders, I want to express our appreciation for your continued support. We'll now take your questions. Operator?
Operator: [Operator Instructions] Your first question comes from the line of Doug Creutz with TD Cowen.
Douglas Creutz: One of your peers that reported previously suggested that there have been some slowdown in the Mobile market in Q2, which they attributed to macro uncertainty. Just wondered if you saw the same thing, if you saw different things. Any commentary you could offer would be helpful.
Strauss Zelnick: No, it's really not what we're seeing. Our results have been affected by how Color Block Jam is doing versus last year in terms of comping because it was a new title last year. But apart from that, we have delivered some really good news in Mobile. There's no doubt there's a bit of pressure on user acquisition at the moment. And I think that, that comes and goes in the marketplace. But no, we don't feel like the consumer is pulling back at all.
Operator: Your next question comes from the line of Andrew Marok with Raymond James.
Andrew Marok: Maybe one on the GTA VI extended look. I guess if you could give us a little bit more color on the thinking that went into the decision to go with Netflix for the time exclusivity rather than just the traditional route of releasing it on a free platform like YouTube or through Rockstar Socials.
Strauss Zelnick: This is a first-of-its-kind partnership with Netflix. They're a great marketing partner for us and distribution partner, as you know. We also work with virtually every social media outlet on Earth. This is part of Rockstar Games marketing strategy. We're excited for everyone to see an extended look of Grand Theft Auto VI. I'm not prepared to tell you how it's going to go, but I feel really good about it. And of course, 6 hours after the initial launch on Netflix, it will be available on Rockstar Games Channel on YouTube and I think ultimately, many other outlets.
Andrew Marok: Great. Maybe one more, if I could. Not that you needed any other tailwinds into GTA VI launch excitement, but can you talk a little bit about the Kortz Center update for GTA Online and maybe how that's been in terms of bringing in some lapsed players ahead of the GTA VI launch?
Karl Slatoff: We're actually very pleased how things are going right now. We typically don't give specific details about how releases are doing. But I can tell you that right now, we're very pleased with how things are going. And like all the Rockstar releases, they're exciting. They're well received by players, and they always bring in -- they always reactivate folks. So, so far, so good.
Operator: Your next question comes from the line of Brian Pitz with BMO Capital Markets.
Brian Pitz: You recently announced the $80 base game for GTA VI, but ultimately decided to leave NBA 2K27 base pricing at $70. As you think about go-forward base pricing, help us understand how you're thinking about being able to price games at a more premium price with more traditional AAA game prices around the $70 price point.
Strauss Zelnick: Look, we've said this many, many, many times. Our goal is to deliver way more value to consumers than what we charge them. And the truth is that the real cost of a AAA video game is a whole lot lower today than it was 20 years ago. Pricing has not kept pace with inflation. And our goal is to continue to overdeliver for our consumers because how you feel about any experience is the intersection of the experience itself and what you pay for it. So -- to say that we expect that Grand Theft Auto VI will be an incredible bargain as experiences go is a gross understatement because Rockstar Games is known for overdelivering.
And when people engage with our titles, and Karl just answered a question about GTA Online, remember, we're 13 years after GTA Online was launched and people are still highly engaged and we have record-setting engagement at times. So that's our goal. Our goal is not to maximize price.
Fri, August 14, 2026 at 6:14 PM GMT+5 46 min read
TTWO
+2.08%
Image source: The Motley Fool.
DATE
Friday, Aug. 7, 2026 at 8:00 a.m. ET
CALL PARTICIPANTS
Chairman and Chief Executive Officer - Strauss Zelnick
President - Karl Slatoff
Chief Financial Officer - Lainie Goldstein
SVP, Investor Relations and Corporate Communications - Nicole Shevins
Full Conference Call Transcript
Operator: Hello, everyone. Thank you for joining us, and welcome to the Take-Two Interactive Software First Quarter Fiscal Year 2027 Results Conference Call. [Operator Instructions] I will now hand the conference over to Nicole Shevins, SVP, Investor Relations and Corporate Communications. Nicole, please go ahead.
Nicole Shevins: Good morning. Thank you for joining our conference call to discuss our results for the first quarter of fiscal year 2027 ended June 30, 2026. Today's call will be led by Strauss Zelnick, Take-Two's Chairman and Chief Executive Officer; Karl Slatoff, our President; and Lainie Goldstein, our Chief Financial Officer. We will be available to answer your questions during the Q&A session following our prepared remarks. Before we begin, I'd like to remind everyone that statements made during this call that are not historical facts are considered forward-looking statements under federal securities laws. These forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to us.
We have no obligation to update these forward-looking statements. Actual operating results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in our filings with the SEC, including the company's most recent annual report on Form 10-K and quarterly report on Form 10-Q, including the risks summarized in the section entitled Risk Factors. I'd also like to note that unless otherwise stated, all numbers we will be discussing today are GAAP and all comparisons are year-over-year. Additional details regarding our actual results and outlook are contained in our press release, including the items that our management uses internally to adjust our GAAP financial results in order to evaluate our operating performance.
Our press release also contains a reconciliation of any non-GAAP financial measure to the most comparable GAAP measure. In addition, we have posted to our website a slide deck that visually presents our results and financial outlook. Our press release and filings with the SEC may be obtained from our website at take2games.com. And now I'll turn the call over to Strauss.
Strauss Zelnick: Thanks, Nicole. Good morning, and thank you for joining us today. Fiscal 2027 is off to an excellent start, led by the power of our diverse portfolio and the strong consistent execution of our strategy at all of our labels. We delivered first quarter net bookings of approximately $1.39 billion, which was slightly above the high end of our guidance range, primarily due to the outperformance of NBA 2K and the Grand Theft Auto series. We're reiterating our fiscal 2027 outlook for net bookings of $8 billion to $8.2 billion, which reflects both ongoing positive trends in our business and our high degree of confidence around the November 19 release of Grand Theft Auto VI.
We expect to sustain this new level of scale and generate strong cash flows for the next several years as we release our robust development pipeline, capitalize on incremental opportunities within our highly established hit franchises and continue to apply our proven long-term approach to managing the company. Now turning to highlights for the period. NBA 2K26's performance was outstanding and concluded a record year for the franchise. To date, the title has sold in over 12 million units, reflecting 9% growth compared to NBA 2K25.
Engagement was up meaningfully during the quarter with recurrent consumer spending growing 7%, driven by a 15% increase in average daily active users, a 25% increase in MyCAREER daily active users and a 35% increase in average games played per user. The achievements of this year's iteration of the series are a testament to Visual Concepts ability continually to deliver new innovative ways for fans to stay engaged, and our live service execution remains a cornerstone of NBA 2K's sustained success. During the quarter, 2K also supported Borderlands 4, Sid Meier's Civilization VII and WWE 2K26 with an array of new offerings, which enhanced player engagement and sentiment. The Grand Theft Auto series once again exceeded expectations.
And to date, Grand Theft Auto V has sold in over 230 million units worldwide. Recurrent consumer spending for the series grew 3% and GTA+ continues to thrive, all led by a series of content offerings, including the addition of the Rockstar Mission Creator, an all-new suite of innovative and in-depth tools empowering the player community to bring missions to life. Global excitement for the launch of Grand Theft Auto VI continues to build with the title having an exceptional start to preorders.
With Rockstar Games' recent announcement of Grand Theft Auto VI, an extended look coming on August 27, we believe that consumers' passion and anticipation for the next evolution of this iconic series will grow further, leading up to the title's November 19 release. Turning to our mobile business. Zynga performed in line with our expectations, and we're pleased that many of our forever franchises continue to resonate with players. Net bookings for Toon Blast grew 8% over last year. The title was supported by a new marketing campaign featuring Emmy nominated actor Giancarlo Esposito. Empires & Puzzles maintained steady momentum, anchored by a successful ninth anniversary campaign and the introduction of new heroes and character abilities.
Words With Friends exceeded our forecast with net bookings growing 8% year-over-year, led by strong ad performance and higher player engagement with several features, including Dice Challenge, the title's latest permanent one-on-one game mode. Top Eleven surpassed our expectations with net bookings increasing 15% year-over-year as fans enjoyed a special in-game event featuring player versus environment matches in 10 international locations. 2K's mobile offerings continue to perform well with strong downloads and engagement across key titles. NBA 2K All-Star, our mobile title in China in partnership with Tencent, surpassed 10 million registered users since launching last year and is yielding strong profit margins.
Our mobile direct-to-consumer channel remains a significant driver of revenue and margin enhancement with many of Zynga's titles offering this feature and further growth anticipated. Guided by our core pillars to be the most creative, innovative and efficient entertainment company in the world, our 13,000 colleagues share a singular vision for excellence and hit creation. Each day, we strive to bring joy to our player communities and value to our shareholders. I'd like to express my gratitude to our teams for their immense passion and unwavering commitment to our mission to make the most captivating and engaging experiences in the entertainment business.
We believe that fiscal 2027 will be an inflection point for Take-Two, one that will write an exciting new chapter in our history and provide the foundation for new levels of success and the creation of groundbreaking entertainment experiences. I'll now turn the call over to Karl.
Karl Slatoff: Thanks, Strauss. I'd like to thank our teams for delivering a great start to the year and setting the stage for the most exciting pipeline in our company's history. I'll now discuss our recent and upcoming releases. On July 8, 2K and HB Studios launched Season 7 for PGA TOUR 2K25, a free update, which added the 154th Open Championship at Royal Birkdale Golf Club. The team is planning to launch Season 8 in late September and is hard at work on this year's release of PGA TOUR 2K27. 2K will share more details in the coming months.
On July 14, Rockstar Games launched the Kortz Center Heist for GTA Online, which introduced an all-new blockbuster Heist targeting Los Santos' premier cultural institution with an array of artwork for the taking. On July 30, 2K and Gearbox launched Bounty Pack 4: Mergers and Acquisitions for Borderlands 4, which includes a new story mission and cosmetic items. Fans can look forward to even more action in September when Gearbox releases additional content, including the title's Next Story Pack. On August 14, 2K and Hangar 13 will release the Man of Honor story expansion for Mafia: The Old Country.
With Hangar 13 industry-leading capabilities and narrative-driven action titles, players will enjoy 2 new story chapters and all new content for the game's free ride mode. 2K and Visual Concepts will launch the WrestleMania 42 Pack for WWE 2K26 on August 19, followed by new seasons as part of the Ringside Pass during the fall. WWE 2K27 is currently in development, and 2K will provide updates later this year. On September 4, 2K and Visual Concepts will launch NBA 2K27, the next installment of our industry-leading basketball simulation that provides the most realistic and authentic NBA experience in interactive entertainment. This year, Victor Wembanyama of the San Antonio Spurs will be on the cover of the Standard Edition.
Caitlin Clark of the Indiana Fever will be on the cover of the Deluxe Edition and Chicago Bulls legend, Derrick Rose, will be on the cover of the Ultra Edition with early access available as part of the Deluxe and Ultra Editions. Last week, a first-look trailer of NBA 2K27's gameplay was revealed and the response has been positive with fans and the media expressing excitement over the titles improved graphics and enhanced player movement and presentation. 2K will share more about the game soon, including the NBA 2K27 preseason breakdown full game review on August 18.
Zynga will continue to focus on enhancing its existing mobile portfolio with bold beats and updates as well as releasing new titles, including Top Goal, which is currently in soft launch. The title recently introduced real-world soccer stars as well as enhanced 3D match simulation and player versus player gameplay. In closing, we are deeply excited about this year, highlighted by the November 19 launch of Grand Theft Auto VI, which will usher in a new era of growth for our company and returns for our shareholders. We remain steadfast in our mission and commitment to delivering the highest quality entertainment experiences that captivate and engage audiences throughout the world. I'll now turn the call over to Lainie.
Lainie Goldstein: Thanks, Karl, and good morning, everyone. We achieved excellent first quarter results driven by our powerful franchises, industry-leading talent and unwavering commitment to our strategic vision. I'd like to thank our teams for their hard work, which has enabled us to reach this exciting point within our company's history. Turning to our results. We delivered first quarter net bookings of $1.39 billion, which was slightly above our guidance range of $1.32 billion to $1.37 billion. This primarily reflected better-than-expected performance from NBA 2K and The Grand Theft Auto series. Recurrent consumer spending declined 1% for the period, which was favorable to our guidance of a 3% decline and accounted for 84% of net bookings. NBA 2K grew 7%.
The Grand Theft Auto series rose 3%. And as expected, mobile declined 7% over last year. GAAP net revenue increased 2% to $1.5 billion, while cost of revenue rose 17% to $651 million and included a $43 million impairment charge related to the decision not to proceed with an unannounced title from a third-party developer. Operating expenses were flat at $918 million. On a management basis, operating expenses declined 1% year-over-year, which was favorable to our forecast of 3% growth due to timing of marketing expenses across our labels.
With the ongoing positive trends in our business and excitement around the November 19 release of Grand Theft Auto VI, we are reiterating our fiscal 2027 net bookings outlook range of $8 billion to $8.2 billion, which represents approximately 20% growth over fiscal 2026 at the midpoint. The largest contributors to net bookings are expected to be The Grand Theft Auto series, NBA 2K, Toon Blast, Match Factory!, Empires & Puzzles, Words With Friends, the Red Dead Redemption Series, WWE 2K, Color Block Jam and Zynga Poker. We continue to expect recurrent consumer spending to be in line with fiscal 2026 and to represent 64% of net bookings. The underlying drivers remain unchanged.
NBA 2K projected to grow high single digits. The Grand Theft Auto series is expected to be up and Mobile expected to be down due to last year's success of Color Block Jam and our assumption that trends will moderate for several of Zynga's mature mobile titles. We now expect the net bookings breakdown from our labels to be roughly 37% Rockstar Games, 34% Zynga and 29% 2K. We continue to forecast operating cash flow in excess of $1 billion, and we remain on track to be in a net cash position by the end of the fiscal year.
We now plan to deploy approximately $290 million of capital expenditures, which is up from our prior forecast due to a planned real estate purchase. We continue to expect GAAP net revenue to range from $7.9 billion to $8.1 billion, while we now expect cost of revenue to range from $3.54 billion to $3.66 billion. Our total operating expenses are now expected to range from $4.15 billion to $4.17 billion. On a management basis, we expect operating expense growth of approximately 7% year-over-year, which is down slightly from our prior forecast. Now moving on to our guidance for the fiscal second quarter.
We project net bookings to range from $1.62 billion to $1.67 billion compared to $1.96 billion in the second quarter last year. Our release slate for the quarter includes NBA 2K27, as well as new content updates for various titles. The largest contributors to net bookings are expected to be NBA 2K, The Grand Theft Auto series, Toon Blast, Match Factory, Empires & Puzzles, Words with Friends, Color Block Jam, the Borderlands franchise, the Red Dead Redemption series and Zynga Poker. We project recurrent consumer spending to decline by approximately 5%, which assumes growth for NBA 2K and the Grand Theft Auto series, while mobile is expected to be down.
We expect GAAP net revenue to range from $1.42 billion to $1.47 billion. Operating expenses are planned to range from $1.01 billion to $1.02 -- on a management basis, operating expenses are expected to decline by approximately 5% year-over-year as last year included significant marketing expenses for the launch of Borderlands 4. Looking ahead, fiscal 2027 is on track to be a milestone year for our company, led by the release of Grand Theft Auto VI. We have great ambitions as our teams have carefully curated new opportunities that we believe will sustain this new level of scale for the foreseeable future, including live service enhancements, franchise extensions, the launch of new IP and international expansion.
In addition, we will continue to evaluate accretive M&A. As we bring these opportunities to fruition, we are confident in our ability to enhance our financial profile further and generate strong cash flows, setting us on a path to deliver continued growth and long-term shareholder returns. Thank you. I'll now turn the call back to Strauss.
Strauss Zelnick: Thanks, Lainie and Karl. On behalf of our entire management team, I'd like to thank our colleagues for an excellent start to what is poised to be an outstanding year for Take-Two. And to our shareholders, I want to express our appreciation for your continued support. We'll now take your questions. Operator?
Operator: [Operator Instructions] Your first question comes from the line of Doug Creutz with TD Cowen.
Douglas Creutz: One of your peers that reported previously suggested that there have been some slowdown in the Mobile market in Q2, which they attributed to macro uncertainty. Just wondered if you saw the same thing, if you saw different things. Any commentary you could offer would be helpful.
Strauss Zelnick: No, it's really not what we're seeing. Our results have been affected by how Color Block Jam is doing versus last year in terms of comping because it was a new title last year. But apart from that, we have delivered some really good news in Mobile. There's no doubt there's a bit of pressure on user acquisition at the moment. And I think that, that comes and goes in the marketplace. But no, we don't feel like the consumer is pulling back at all.
Operator: Your next question comes from the line of Andrew Marok with Raymond James.
Andrew Marok: Maybe one on the GTA VI extended look. I guess if you could give us a little bit more color on the thinking that went into the decision to go with Netflix for the time exclusivity rather than just the traditional route of releasing it on a free platform like YouTube or through Rockstar Socials.
Strauss Zelnick: This is a first-of-its-kind partnership with Netflix. They're a great marketing partner for us and distribution partner, as you know. We also work with virtually every social media outlet on Earth. This is part of Rockstar Games marketing strategy. We're excited for everyone to see an extended look of Grand Theft Auto VI. I'm not prepared to tell you how it's going to go, but I feel really good about it. And of course, 6 hours after the initial launch on Netflix, it will be available on Rockstar Games Channel on YouTube and I think ultimately, many other outlets.
Andrew Marok: Great. Maybe one more, if I could. Not that you needed any other tailwinds into GTA VI launch excitement, but can you talk a little bit about the Kortz Center update for GTA Online and maybe how that's been in terms of bringing in some lapsed players ahead of the GTA VI launch?
Karl Slatoff: We're actually very pleased how things are going right now. We typically don't give specific details about how releases are doing. But I can tell you that right now, we're very pleased with how things are going. And like all the Rockstar releases, they're exciting. They're well received by players, and they always bring in -- they always reactivate folks. So, so far, so good.
Operator: Your next question comes from the line of Brian Pitz with BMO Capital Markets.
Brian Pitz: You recently announced the $80 base game for GTA VI, but ultimately decided to leave NBA 2K27 base pricing at $70. As you think about go-forward base pricing, help us understand how you're thinking about being able to price games at a more premium price with more traditional AAA game prices around the $70 price point.
Strauss Zelnick: Look, we've said this many, many, many times. Our goal is to deliver way more value to consumers than what we charge them. And the truth is that the real cost of a AAA video game is a whole lot lower today than it was 20 years ago. Pricing has not kept pace with inflation. And our goal is to continue to overdeliver for our consumers because how you feel about any experience is the intersection of the experience itself and what you pay for it. So -- to say that we expect that Grand Theft Auto VI will be an incredible bargain as experiences go is a gross understatement because Rockstar Games is known for overdelivering.
And when people engage with our titles, and Karl just answered a question about GTA Online, remember, we're 13 years after GTA Online was launched and people are still highly engaged and we have record-setting engagement at times. So that's our goal. Our goal is not to maximize price.
118
·
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Bullish
“Trump Claims Iranian Strike ‘Obliterated’ Epstein Files Amid U.S.–Israel Operation – Markets Face New Uncertainty”
📉 Possible Bad Effects on the Stock Market
1. War Uncertainty ⚠️
Escalating conflict between the U.S., Israel, and Iran can create global instability. Investors often panic during geopolitical tensions, leading to stock sell-offs.
2. Energy Price Volatility 🛢️
Iran is a key oil region. Any military escalation can disrupt oil supply, causing oil prices to spike, which increases inflation and hurts many industries.
3. Investor Fear & Market Drops 📊
When headlines involve war or political controversy, investors shift money to safer assets (like gold or bonds), causing major stock indexes to decline.
4. Defense vs Other Sectors 🏭
Defense companies may rise, but sectors like tech, travel, airlines, and retail often drop due to uncertainty.
₿ Possible Effects on Cryptocurrency
1. Extreme Volatility 📉📈
Crypto markets react quickly to global news. War or political instability can cause sudden price swings in Bitcoin and other coins.
2. Temporary Safe-Haven Buying
Some investors move money into Bitcoin during geopolitical crises, which can cause short-term spikes.
3. Liquidity Panic
If investors need cash quickly during market stress, they may sell crypto, causing sharp crashes.
4. Regulatory Pressure
Major geopolitical crises sometimes push governments to tighten financial monitoring, which can create negative pressure on crypto markets.
✅ Simple Summary:
War news and political controversy can shake investor confidence. This usually causes stock market drops, oil price spikes, and volatile crypto movements.
#USIranWarEscalation #AIBinance #MarketRebound #bitcoin #StockMarketCrash
“Trump Claims Iranian Strike ‘Obliterated’ Epstein Files Amid U.S.–Israel Operation – Markets Face New Uncertainty”
📉 Possible Bad Effects on the Stock Market
1. War Uncertainty ⚠️
Escalating conflict between the U.S., Israel, and Iran can create global instability. Investors often panic during geopolitical tensions, leading to stock sell-offs.
2. Energy Price Volatility 🛢️
Iran is a key oil region. Any military escalation can disrupt oil supply, causing oil prices to spike, which increases inflation and hurts many industries.
3. Investor Fear & Market Drops 📊
When headlines involve war or political controversy, investors shift money to safer assets (like gold or bonds), causing major stock indexes to decline.
4. Defense vs Other Sectors 🏭
Defense companies may rise, but sectors like tech, travel, airlines, and retail often drop due to uncertainty.
₿ Possible Effects on Cryptocurrency
1. Extreme Volatility 📉📈
Crypto markets react quickly to global news. War or political instability can cause sudden price swings in Bitcoin and other coins.
2. Temporary Safe-Haven Buying
Some investors move money into Bitcoin during geopolitical crises, which can cause short-term spikes.
3. Liquidity Panic
If investors need cash quickly during market stress, they may sell crypto, causing sharp crashes.
4. Regulatory Pressure
Major geopolitical crises sometimes push governments to tighten financial monitoring, which can create negative pressure on crypto markets.
✅ Simple Summary:
War news and political controversy can shake investor confidence. This usually causes stock market drops, oil price spikes, and volatile crypto movements.
#USIranWarEscalation #AIBinance #MarketRebound #bitcoin #StockMarketCrash
📉 Possible Bad Effects on the Stock Market
1. War Uncertainty ⚠️
Escalating conflict between the U.S., Israel, and Iran can create global instability. Investors often panic during geopolitical tensions, leading to stock sell-offs.
2. Energy Price Volatility 🛢️
Iran is a key oil region. Any military escalation can disrupt oil supply, causing oil prices to spike, which increases inflation and hurts many industries.
3. Investor Fear & Market Drops 📊
When headlines involve war or political controversy, investors shift money to safer assets (like gold or bonds), causing major stock indexes to decline.
4. Defense vs Other Sectors 🏭
Defense companies may rise, but sectors like tech, travel, airlines, and retail often drop due to uncertainty.
₿ Possible Effects on Cryptocurrency
1. Extreme Volatility 📉📈
Crypto markets react quickly to global news. War or political instability can cause sudden price swings in Bitcoin and other coins.
2. Temporary Safe-Haven Buying
Some investors move money into Bitcoin during geopolitical crises, which can cause short-term spikes.
3. Liquidity Panic
If investors need cash quickly during market stress, they may sell crypto, causing sharp crashes.
4. Regulatory Pressure
Major geopolitical crises sometimes push governments to tighten financial monitoring, which can create negative pressure on crypto markets.
✅ Simple Summary:
War news and political controversy can shake investor confidence. This usually causes stock market drops, oil price spikes, and volatile crypto movements.
#USIranWarEscalation #AIBinance #MarketRebound #bitcoin #StockMarketCrash
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“Trump Claims Iranian Strike ‘Obliterated’ Epstein Files Amid U.S.–Israel Operation – Markets FacePresident Donald Trump has made a startling claim following the commencement of joint U.S.-Israeli strikes on Iran, stating that an Iranian nuclear missile specifically targeted and "obliterated" files related to the Jeffrey Epstein case. According to the President, the strike bypassed all critical infrastructure to precisely incinerate a single archive room containing the sensitive documents.
The Pentagon has characterized the reported strike as "geopolitically unusual," given its highly selective nature. President Trump, while noting the success of the ongoing military operations, suggested that the destruction of the files was an attempt by Tehran to target American "paperwork" and avoid transparency.
Israeli Prime Minister Benjamin Netanyahu reportedly described the outcome as "predictable," suggesting a connection between the bombing of Iran and the disappearance of the Epstein evidence. This development has added a layer of intense domestic controversy to the escalating regional war, with critics questioning the "unbelievable" odds of such a specific target being hit during a general military engagement.
As the conflict continues, the President has informed the public that any future releases of the Epstein files will likely be "more redacted and vaporized" due to the damage. This announcement follows a series of high-profile events in "Operation Epic Fury," including the reported deaths of top Iranian leaders and the establishment of total air superiority over Iranian territory by coalition forces.
#USIranWarEscalation #IsraelIranConflict #MarketRebound #AIBinance
“Trump Claims Iranian Strike ‘Obliterated’ Epstein Files Amid U.S.–Israel Operation – Markets Face
President Donald Trump has made a startling claim following the commencement of joint U.S.-Israeli strikes on Iran, stating that an Iranian nuclear missile specifically targeted and "obliterated" files related to the Jeffrey Epstein case. According to the President, the strike bypassed all critical infrastructure to precisely incinerate a single archive room containing the sensitive documents.
The Pentagon has characterized the reported strike as "geopolitically unusual," given its highly selective nature. President Trump, while noting the success of the ongoing military operations, suggested that the destruction of the files was an attempt by Tehran to target American "paperwork" and avoid transparency.
Israeli Prime Minister Benjamin Netanyahu reportedly described the outcome as "predictable," suggesting a connection between the bombing of Iran and the disappearance of the Epstein evidence. This development has added a layer of intense domestic controversy to the escalating regional war, with critics questioning the "unbelievable" odds of such a specific target being hit during a general military engagement.
As the conflict continues, the President has informed the public that any future releases of the Epstein files will likely be "more redacted and vaporized" due to the damage. This announcement follows a series of high-profile events in "Operation Epic Fury," including the reported deaths of top Iranian leaders and the establishment of total air superiority over Iranian territory by coalition forces.
#USIranWarEscalation #IsraelIranConflict #MarketRebound #AIBinance
The Pentagon has characterized the reported strike as "geopolitically unusual," given its highly selective nature. President Trump, while noting the success of the ongoing military operations, suggested that the destruction of the files was an attempt by Tehran to target American "paperwork" and avoid transparency.
Israeli Prime Minister Benjamin Netanyahu reportedly described the outcome as "predictable," suggesting a connection between the bombing of Iran and the disappearance of the Epstein evidence. This development has added a layer of intense domestic controversy to the escalating regional war, with critics questioning the "unbelievable" odds of such a specific target being hit during a general military engagement.
As the conflict continues, the President has informed the public that any future releases of the Epstein files will likely be "more redacted and vaporized" due to the damage. This announcement follows a series of high-profile events in "Operation Epic Fury," including the reported deaths of top Iranian leaders and the establishment of total air superiority over Iranian territory by coalition forces.
#USIranWarEscalation #IsraelIranConflict #MarketRebound #AIBinance
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Bitcoin often goes quiet before it moves hard. Low volatility, tight ranges, and muted sentiment suggest pressure building beneath the surface. Supply is tighter after the halving, but demand is cautious and heavily influenced by macro conditions like rates and liquidity. That balance rarely lasts. Historically, these calm phases end with sharp moves as traders are forced to react. The direction is uncertain, but the setup is familiar. In Bitcoin, silence usually means something is loading, not that nothing is happening.
Bitcoin often goes quiet before it moves hard. Low volatility, tight ranges, and muted sentiment suggest pressure building beneath the surface. Supply is tighter after the halving, but demand is cautious and heavily influenced by macro conditions like rates and liquidity. That balance rarely lasts. Historically, these calm phases end with sharp moves as traders are forced to react. The direction is uncertain, but the setup is familiar. In Bitcoin, silence usually means something is loading, not that nothing is happening.
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Don’t Try to Catch a Falling Knife With BitcoinThis Chart Screams Danger
When Bitcoin starts falling fast, the biggest mistake traders make is trying to buy too early. A sharp drop feels like a discount, but in reality it is often a falling knife. Catching it can lead to rapid losses before the market finds real support.
Afalling knife usually shows up when price breaks key support levels with strong volume. That tells you sellers are in control. Buying into that move is not bravery, it is impatience. Markets do not reward impatience.
Right now, charts that scream danger usually share the same warning signs. Lower highs and lower lows confirm a downtrend. Support levels that once held are now acting as resistance. Volume increases on red candles, which means selling pressure is accelerating, not fading. Momentum indicators stay weak, showing no real strength from buyers.
The smart move is not to predict the bottom. The smart move is to wait for confirmation. Bitcoin bottoms are formed, not guessed. They come with slowing downside momentum, clear consolidation, and eventually a break back above resistance with volume. Until then, every bounce can be a trap.
Protecting capital matters more than catching the exact bottom. Missing the first part of a reversal is fine. Getting trapped in a continued dump is not.
Flowchart: How to Avoid Catching a Falling Knife in BTC
Price Is Dropping Fast
↓
Did BTC break a major support?
↓
Yes
↓
Is selling volume increasing?
↓
Yes
↓
Trend = Strong Downtrend
↓
Avoid Buying
↓
Wait for Base Formation
↓
Signs of Stabilization?
(lower selling volume, sideways price)
↓
Yes
↓
Break above resistance with volume?
↓
Yes
↓
Consider Entry
#USIranStandoff #ZAMAPreTGESale #FedHoldsRates #GoldOnTheRise #bitcoin $BTC
{spot}(BTCUSDT)
Don’t Try to Catch a Falling Knife With Bitcoin
This Chart Screams Danger
When Bitcoin starts falling fast, the biggest mistake traders make is trying to buy too early. A sharp drop feels like a discount, but in reality it is often a falling knife. Catching it can lead to rapid losses before the market finds real support.
Afalling knife usually shows up when price breaks key support levels with strong volume. That tells you sellers are in control. Buying into that move is not bravery, it is impatience. Markets do not reward impatience.
Right now, charts that scream danger usually share the same warning signs. Lower highs and lower lows confirm a downtrend. Support levels that once held are now acting as resistance. Volume increases on red candles, which means selling pressure is accelerating, not fading. Momentum indicators stay weak, showing no real strength from buyers.
The smart move is not to predict the bottom. The smart move is to wait for confirmation. Bitcoin bottoms are formed, not guessed. They come with slowing downside momentum, clear consolidation, and eventually a break back above resistance with volume. Until then, every bounce can be a trap.
Protecting capital matters more than catching the exact bottom. Missing the first part of a reversal is fine. Getting trapped in a continued dump is not.
Flowchart: How to Avoid Catching a Falling Knife in BTC
Price Is Dropping Fast
↓
Did BTC break a major support?
↓
Yes
↓
Is selling volume increasing?
↓
Yes
↓
Trend = Strong Downtrend
↓
Avoid Buying
↓
Wait for Base Formation
↓
Signs of Stabilization?
(lower selling volume, sideways price)
↓
Yes
↓
Break above resistance with volume?
↓
Yes
↓
Consider Entry
#USIranStandoff #ZAMAPreTGESale #FedHoldsRates #GoldOnTheRise #bitcoin $BTC
When Bitcoin starts falling fast, the biggest mistake traders make is trying to buy too early. A sharp drop feels like a discount, but in reality it is often a falling knife. Catching it can lead to rapid losses before the market finds real support.
Afalling knife usually shows up when price breaks key support levels with strong volume. That tells you sellers are in control. Buying into that move is not bravery, it is impatience. Markets do not reward impatience.
Right now, charts that scream danger usually share the same warning signs. Lower highs and lower lows confirm a downtrend. Support levels that once held are now acting as resistance. Volume increases on red candles, which means selling pressure is accelerating, not fading. Momentum indicators stay weak, showing no real strength from buyers.
The smart move is not to predict the bottom. The smart move is to wait for confirmation. Bitcoin bottoms are formed, not guessed. They come with slowing downside momentum, clear consolidation, and eventually a break back above resistance with volume. Until then, every bounce can be a trap.
Protecting capital matters more than catching the exact bottom. Missing the first part of a reversal is fine. Getting trapped in a continued dump is not.
Flowchart: How to Avoid Catching a Falling Knife in BTC
Price Is Dropping Fast
↓
Did BTC break a major support?
↓
Yes
↓
Is selling volume increasing?
↓
Yes
↓
Trend = Strong Downtrend
↓
Avoid Buying
↓
Wait for Base Formation
↓
Signs of Stabilization?
(lower selling volume, sideways price)
↓
Yes
↓
Break above resistance with volume?
↓
Yes
↓
Consider Entry
#USIranStandoff #ZAMAPreTGESale #FedHoldsRates #GoldOnTheRise #bitcoin $BTC
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$BITCOIN
{alpha}(10x72e4f9f808c49a2a61de9c5896298920dc4eeea9)
Bitcoin remains the dominant cryptocurrency and is widely seen as a long term store of value rather than just a payment network. Its fixed supply of 21 million coins continues to be the core driver of its scarcity narrative, especially during periods of high inflation or currency weakness.
From a market perspective, BTC typically moves in cycles. Strong upside momentum is often followed by sharp corrections, but higher lows over time suggest sustained long term interest. Institutional participation, ETFs, and increasing regulatory clarity in major economies have added legitimacy, while macro factors like interest rates and liquidity still heavily influence price direction.
In the near to medium term, Bitcoin tends to perform well when risk appetite improves and monetary policy expectations turn more accommodative. Volatility remains high, so BTC suits investors who can tolerate swings and think in longer time horizons rather than short term trades.
About the chart
The chart above shows an illustrative BTC price trend to demonstrate typical market behavior over time. It is not real time data, but it reflects how Bitcoin often trends upward with periodic pullbacks.
#USIranStandoff #ZAMAPreTGESale #FedHoldsRates #GoldOnTheRise #bitcoin
$BITCOIN
Bitcoin remains the dominant cryptocurrency and is widely seen as a long term store of value rather than just a payment network. Its fixed supply of 21 million coins continues to be the core driver of its scarcity narrative, especially during periods of high inflation or currency weakness.
From a market perspective, BTC typically moves in cycles. Strong upside momentum is often followed by sharp corrections, but higher lows over time suggest sustained long term interest. Institutional participation, ETFs, and increasing regulatory clarity in major economies have added legitimacy, while macro factors like interest rates and liquidity still heavily influence price direction.
In the near to medium term, Bitcoin tends to perform well when risk appetite improves and monetary policy expectations turn more accommodative. Volatility remains high, so BTC suits investors who can tolerate swings and think in longer time horizons rather than short term trades.
About the chart
The chart above shows an illustrative BTC price trend to demonstrate typical market behavior over time. It is not real time data, but it reflects how Bitcoin often trends upward with periodic pullbacks.
#USIranStandoff #ZAMAPreTGESale #FedHoldsRates #GoldOnTheRise #bitcoin
Bitcoin remains the dominant cryptocurrency and is widely seen as a long term store of value rather than just a payment network. Its fixed supply of 21 million coins continues to be the core driver of its scarcity narrative, especially during periods of high inflation or currency weakness.
From a market perspective, BTC typically moves in cycles. Strong upside momentum is often followed by sharp corrections, but higher lows over time suggest sustained long term interest. Institutional participation, ETFs, and increasing regulatory clarity in major economies have added legitimacy, while macro factors like interest rates and liquidity still heavily influence price direction.
In the near to medium term, Bitcoin tends to perform well when risk appetite improves and monetary policy expectations turn more accommodative. Volatility remains high, so BTC suits investors who can tolerate swings and think in longer time horizons rather than short term trades.
About the chart
The chart above shows an illustrative BTC price trend to demonstrate typical market behavior over time. It is not real time data, but it reflects how Bitcoin often trends upward with periodic pullbacks.
#USIranStandoff #ZAMAPreTGESale #FedHoldsRates #GoldOnTheRise #bitcoin
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BTC at $115K would definitely flip the game in your favor. 🚀That’s the spirit 😅💪 — every trader knows the market tests patience before rewarding it! 📉➡️📈
BTC at $115K would definitely flip the game in your favor. 🚀
I will never trade again 😭😂
Just kidding — it’s only a small loss. 😉
Losses & profits are part of the game. 🎯
Once BTC hits $115K, everything will be recovered! 🚀
#BTC #ETH #SOL #Crypto
BTC at $115K would definitely flip the game in your favor. 🚀
That’s the spirit 😅💪 — every trader knows the market tests patience before rewarding it! 📉➡️📈
BTC at $115K would definitely flip the game in your favor. 🚀
I will never trade again 😭😂
Just kidding — it’s only a small loss. 😉
Losses & profits are part of the game. 🎯
Once BTC hits $115K, everything will be recovered! 🚀
#BTC #ETH #SOL #Crypto
BTC at $115K would definitely flip the game in your favor. 🚀
I will never trade again 😭😂
Just kidding — it’s only a small loss. 😉
Losses & profits are part of the game. 🎯
Once BTC hits $115K, everything will be recovered! 🚀
#BTC #ETH #SOL #Crypto
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$ETH/USDT Trend Watch: Dip or Breakout Incoming? 📈Hey, Binance Square fam! As of 03:49 AM PKT, Aug 9, 2025, Ethereum ($ETH/USDT) is sitting at $4,036.98 with $25.34B in 24h trading volume—plenty of action on the charts. Let’s break down whether we’re gearing up for a dip… or a big breakout.
Chart Check
Current Price: $4,036.98
Support: $4,021.75
Resistance: $4,070 (24h high)
MAs (20/44-day): $4,044 / $4,046 (hovering overhead)
MACD: Bearish crossover (DIF: -2.54) → short-term selling pressure
RSI: 74.73 → nearing overbought zone
Volume: 4.24M → strong recent spike
📉 If ETH slips under $4,021.75, watch for a drop toward $3,900–$3,875 (lower Bollinger Band).
📈 A breakout above $4,070 on strong volume could launch us to $4,100–$4,200.
Market Movers
🚀 On-chain activity: Record 1.74M daily transactions
💰 ETF inflows: $154M last week
🔧 Pectra upgrade (May 2025): Boosted scalability
⚠️ Headwinds: U.S. trade tariffs (Aug 7) + $103M in SOL shifted to Binance = added volatility
💬 Sentiment: Split—some eye $3,500 pullback, others see squeeze beyond $4K
📊 Fear & Greed Index: 64 (Greed) → possible profit-taking ahead
Short-Term Outlook (Aug 9–10)
Bearish bias: Break below $4,021.75 could send ETH to $3,900–$3,875 in 24h.
Bullish scenario: Clear $4,070 with heavy volume → run to $4,100–$4,200.
Big picture: Long-term upside still on the table—$5,212–$8,000 by late 2025 if Web3 momentum holds.
Trade Plan
🟢 Buy Zone: $3,900–$3,875 (if support holds) → Target $4,050–$4,100 | SL < $3,875
🔴 Sell Zone: $4,021–$4,000 if dip accelerates
⚠️ Risk: Keep exposure to 1–2% of portfolio—tariff-driven volatility still in play
Why This Matters:
These levels are backed by real market data—no hype, just actionable insights. Drop your $ETH strategy in the comments and let’s plan the next move together.
#ETHETFsApproved #crypto #Ethereum #ETH #creatorpad
If you want, I can also give you a shorter, high-impact version for quick trader reads that still hooks attention. That would work perfectly.
Follow For More Updates @ahtshamjutt
$ETH/USDT Trend Watch: Dip or Breakout Incoming? 📈
Hey, Binance Square fam! As of 03:49 AM PKT, Aug 9, 2025, Ethereum ($ETH/USDT) is sitting at $4,036.98 with $25.34B in 24h trading volume—plenty of action on the charts. Let’s break down whether we’re gearing up for a dip… or a big breakout.
Chart Check
Current Price: $4,036.98
Support: $4,021.75
Resistance: $4,070 (24h high)
MAs (20/44-day): $4,044 / $4,046 (hovering overhead)
MACD: Bearish crossover (DIF: -2.54) → short-term selling pressure
RSI: 74.73 → nearing overbought zone
Volume: 4.24M → strong recent spike
📉 If ETH slips under $4,021.75, watch for a drop toward $3,900–$3,875 (lower Bollinger Band).
📈 A breakout above $4,070 on strong volume could launch us to $4,100–$4,200.
Market Movers
🚀 On-chain activity: Record 1.74M daily transactions
💰 ETF inflows: $154M last week
🔧 Pectra upgrade (May 2025): Boosted scalability
⚠️ Headwinds: U.S. trade tariffs (Aug 7) + $103M in SOL shifted to Binance = added volatility
💬 Sentiment: Split—some eye $3,500 pullback, others see squeeze beyond $4K
📊 Fear & Greed Index: 64 (Greed) → possible profit-taking ahead
Short-Term Outlook (Aug 9–10)
Bearish bias: Break below $4,021.75 could send ETH to $3,900–$3,875 in 24h.
Bullish scenario: Clear $4,070 with heavy volume → run to $4,100–$4,200.
Big picture: Long-term upside still on the table—$5,212–$8,000 by late 2025 if Web3 momentum holds.
Trade Plan
🟢 Buy Zone: $3,900–$3,875 (if support holds) → Target $4,050–$4,100 | SL < $3,875
🔴 Sell Zone: $4,021–$4,000 if dip accelerates
⚠️ Risk: Keep exposure to 1–2% of portfolio—tariff-driven volatility still in play
Why This Matters:
These levels are backed by real market data—no hype, just actionable insights. Drop your $ETH strategy in the comments and let’s plan the next move together.
#ETHETFsApproved #crypto #Ethereum #ETH #creatorpad
If you want, I can also give you a shorter, high-impact version for quick trader reads that still hooks attention. That would work perfectly.
Follow For More Updates @Ahtsham-Jutt
Chart Check
Current Price: $4,036.98
Support: $4,021.75
Resistance: $4,070 (24h high)
MAs (20/44-day): $4,044 / $4,046 (hovering overhead)
MACD: Bearish crossover (DIF: -2.54) → short-term selling pressure
RSI: 74.73 → nearing overbought zone
Volume: 4.24M → strong recent spike
📉 If ETH slips under $4,021.75, watch for a drop toward $3,900–$3,875 (lower Bollinger Band).
📈 A breakout above $4,070 on strong volume could launch us to $4,100–$4,200.
Market Movers
🚀 On-chain activity: Record 1.74M daily transactions
💰 ETF inflows: $154M last week
🔧 Pectra upgrade (May 2025): Boosted scalability
⚠️ Headwinds: U.S. trade tariffs (Aug 7) + $103M in SOL shifted to Binance = added volatility
💬 Sentiment: Split—some eye $3,500 pullback, others see squeeze beyond $4K
📊 Fear & Greed Index: 64 (Greed) → possible profit-taking ahead
Short-Term Outlook (Aug 9–10)
Bearish bias: Break below $4,021.75 could send ETH to $3,900–$3,875 in 24h.
Bullish scenario: Clear $4,070 with heavy volume → run to $4,100–$4,200.
Big picture: Long-term upside still on the table—$5,212–$8,000 by late 2025 if Web3 momentum holds.
Trade Plan
🟢 Buy Zone: $3,900–$3,875 (if support holds) → Target $4,050–$4,100 | SL < $3,875
🔴 Sell Zone: $4,021–$4,000 if dip accelerates
⚠️ Risk: Keep exposure to 1–2% of portfolio—tariff-driven volatility still in play
Why This Matters:
These levels are backed by real market data—no hype, just actionable insights. Drop your $ETH strategy in the comments and let’s plan the next move together.
#ETHETFsApproved #crypto #Ethereum #ETH #creatorpad
If you want, I can also give you a shorter, high-impact version for quick trader reads that still hooks attention. That would work perfectly.
Follow For More Updates @Ahtsham-Jutt
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🚀 Will XRP Hit $1,000? Experts Warn Late Investors May Regret WaitingXRP is making headlines again — and for good reason. With a 31% surge over the last 30 days and nearly 500% growth in the past year, XRP’s performance has reignited excitement in the crypto community. Now trading around $3, experts say this could just be the beginning — and missing out might become one of investors’ biggest regrets.
🔥 Analysts Say XRP Is Still a Bargain Below $5
According to crypto analyst John Squire, XRP is still massively undervalued.
> “By 2030, those who didn't buy more XRP at current prices will look back with regret,” he warned.
Macro strategist Jake Claver echoed that sentiment, predicting XRP could soar beyond $1,000 in the coming years — especially if it remains central to financial settlement systems.
Another top analyst, Edoardo Farina, believes XRP's true potential will be unlocked once it breaks away from Bitcoin’s shadow and carves its own narrative.
> “The coming price explosion will leave many sidelined investors in disbelief,” Farina stated.
🌍 Real-World Use Fuels XRP’s Momentum
What’s driving this bullish sentiment? It’s not just hype.
XRP’s adoption is growing rapidly thanks to its expanding role in Ripple’s cross-border payment corridors and the rise of stablecoins like RLUSD on the XRP Ledger (XRPL). Tokenized assets are increasing, and businesses are actively integrating the network for real-world payments.
Even USA Today named XRP one of the top crypto assets for investors with a $500 budget, citing its practical use cases and improving regulatory clarity.
> “Compared to the S&P 500, XRP offers a much higher potential upside,” the outlet wrote.
💥 Critics Still Skeptical — But the Market Speaks
Despite its impressive climb, XRP continues to attract criticism. High-profile skeptics like CNBC’s Jim Cramer once called XRP a “giant con” when it traded at $0.38 — a price that looks laughable today after a 790% increase.
Now, analysts say XRP may be entering the “disbelief phase” — the early stage of a major bull run when many investors still hesitate.
> “Those who wait may miss the boat entirely,” one analyst said.
📢 FINAL WORD: Don’t Say You Weren’t Warned
The message from the experts is clear: XRP under $5 is still a massive opportunity. As adoption grows and Ripple’s network expands, the $1,000 price prediction may no longer sound far-fetched.
So whether you're a seasoned investor or just starting with $500, the time to research and decide may be now — before XRP leaves the station.
🚀 Follow @BeMasterBuySmart for more updates, insights, and crypto strategies!
Don’t just like — FOLLOW for smarter investing and future-ready moves.
💰 Be Master. Buy Smart. 💰
#Xrp🔥🔥 #CFTCCryptoSprint #BinanceHODLerPROVE #BTCUnbound #BinanceTurns8
🚀 Will XRP Hit $1,000? Experts Warn Late Investors May Regret Waiting
XRP is making headlines again — and for good reason. With a 31% surge over the last 30 days and nearly 500% growth in the past year, XRP’s performance has reignited excitement in the crypto community. Now trading around $3, experts say this could just be the beginning — and missing out might become one of investors’ biggest regrets.
🔥 Analysts Say XRP Is Still a Bargain Below $5
According to crypto analyst John Squire, XRP is still massively undervalued.
> “By 2030, those who didn't buy more XRP at current prices will look back with regret,” he warned.
Macro strategist Jake Claver echoed that sentiment, predicting XRP could soar beyond $1,000 in the coming years — especially if it remains central to financial settlement systems.
Another top analyst, Edoardo Farina, believes XRP's true potential will be unlocked once it breaks away from Bitcoin’s shadow and carves its own narrative.
> “The coming price explosion will leave many sidelined investors in disbelief,” Farina stated.
🌍 Real-World Use Fuels XRP’s Momentum
What’s driving this bullish sentiment? It’s not just hype.
XRP’s adoption is growing rapidly thanks to its expanding role in Ripple’s cross-border payment corridors and the rise of stablecoins like RLUSD on the XRP Ledger (XRPL). Tokenized assets are increasing, and businesses are actively integrating the network for real-world payments.
Even USA Today named XRP one of the top crypto assets for investors with a $500 budget, citing its practical use cases and improving regulatory clarity.
> “Compared to the S&P 500, XRP offers a much higher potential upside,” the outlet wrote.
💥 Critics Still Skeptical — But the Market Speaks
Despite its impressive climb, XRP continues to attract criticism. High-profile skeptics like CNBC’s Jim Cramer once called XRP a “giant con” when it traded at $0.38 — a price that looks laughable today after a 790% increase.
Now, analysts say XRP may be entering the “disbelief phase” — the early stage of a major bull run when many investors still hesitate.
> “Those who wait may miss the boat entirely,” one analyst said.
📢 FINAL WORD: Don’t Say You Weren’t Warned
The message from the experts is clear: XRP under $5 is still a massive opportunity. As adoption grows and Ripple’s network expands, the $1,000 price prediction may no longer sound far-fetched.
So whether you're a seasoned investor or just starting with $500, the time to research and decide may be now — before XRP leaves the station.
🚀 Follow @BeMasterBuySmart for more updates, insights, and crypto strategies!
Don’t just like — FOLLOW for smarter investing and future-ready moves.
💰 Be Master. Buy Smart. 💰
#Xrp🔥🔥 #CFTCCryptoSprint #BinanceHODLerPROVE #BTCUnbound #BinanceTurns8
🔥 Analysts Say XRP Is Still a Bargain Below $5
According to crypto analyst John Squire, XRP is still massively undervalued.
> “By 2030, those who didn't buy more XRP at current prices will look back with regret,” he warned.
Macro strategist Jake Claver echoed that sentiment, predicting XRP could soar beyond $1,000 in the coming years — especially if it remains central to financial settlement systems.
Another top analyst, Edoardo Farina, believes XRP's true potential will be unlocked once it breaks away from Bitcoin’s shadow and carves its own narrative.
> “The coming price explosion will leave many sidelined investors in disbelief,” Farina stated.
🌍 Real-World Use Fuels XRP’s Momentum
What’s driving this bullish sentiment? It’s not just hype.
XRP’s adoption is growing rapidly thanks to its expanding role in Ripple’s cross-border payment corridors and the rise of stablecoins like RLUSD on the XRP Ledger (XRPL). Tokenized assets are increasing, and businesses are actively integrating the network for real-world payments.
Even USA Today named XRP one of the top crypto assets for investors with a $500 budget, citing its practical use cases and improving regulatory clarity.
> “Compared to the S&P 500, XRP offers a much higher potential upside,” the outlet wrote.
💥 Critics Still Skeptical — But the Market Speaks
Despite its impressive climb, XRP continues to attract criticism. High-profile skeptics like CNBC’s Jim Cramer once called XRP a “giant con” when it traded at $0.38 — a price that looks laughable today after a 790% increase.
Now, analysts say XRP may be entering the “disbelief phase” — the early stage of a major bull run when many investors still hesitate.
> “Those who wait may miss the boat entirely,” one analyst said.
📢 FINAL WORD: Don’t Say You Weren’t Warned
The message from the experts is clear: XRP under $5 is still a massive opportunity. As adoption grows and Ripple’s network expands, the $1,000 price prediction may no longer sound far-fetched.
So whether you're a seasoned investor or just starting with $500, the time to research and decide may be now — before XRP leaves the station.
🚀 Follow @BeMasterBuySmart for more updates, insights, and crypto strategies!
Don’t just like — FOLLOW for smarter investing and future-ready moves.
💰 Be Master. Buy Smart. 💰
#Xrp🔥🔥 #CFTCCryptoSprint #BinanceHODLerPROVE #BTCUnbound #BinanceTurns8
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