Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Take Two Interactive Software, Inc / Equity Bottom-Up

Take Two Interactive Software, Inc (TTWO US)

<ul><li>Take-Two Interactive Software reported first quarter fiscal year 2027 net bookings of approximately $1.39 billion, slightly exceeding the high end of guidance.</li><li>This performance was primarily driven by strong contributions from NBA 2K and The Grand Theft Auto series.</li><li>The company maintained its fiscal 2027 net bookings outlook of $8.0 to $8.2 billion, representing an approximate 20% growth over fiscal 2026 at the midpoint.</li></ul>

Take-Two Interactive Software reported first quarter fiscal year 2027 net bookings of approximately $1.39 billion, slightly exceeding the high end of guidance.This performance was primarily driven by strong contributions from NBA 2K and The Grand Theft Auto series.The company maintained its fiscal 2027 net bookings outlook of $8.0 to $8.2 billion, representing an approximate 20% growth over fiscal 2026 at the midpoint.

Take-Two Interactive’s $8.2 Billion Year: Can GTA VI Deliver The Next Big Leap?

<ul><li>Take-Two Interactive Software concluded fiscal year 2026 with strong financial results, surpassing previous guidance.</li><li>The company reported fourth quarter net bookings of $1.58 billion, exceeding the high end of its guidance range, and full-year net bookings of $6.7 billion, approximately $750 million above initial expectations from the prior May.</li><li>Recurrent consumer spending grew 17% year-over-year, accounting for 78% of net bookings, driven by strong performances across key franchises including NBA 2K, mobile titles, and the Grand Theft Auto series.</li></ul>

Take-Two Interactive Software concluded fiscal year 2026 with strong financial results, surpassing previous guidance.The company reported fourth quarter net bookings of $1.58 billion, exceeding the high end of its guidance range, and full-year net bookings of $6.7 billion, approximately $750 million above initial expectations from the prior May.Recurrent consumer spending grew 17% year-over-year, accounting for 78% of net bookings, driven by strong performances across key franchises including NBA 2K, mobile titles, and the Grand Theft Auto series.

Take-Two Interactive Software’s $6.7 Billion Bookings Beat Resets The Story!

<ul><li>Take-Two Interactive Software reported strong third-quarter fiscal 2026 results, exceeding expectations and driving optimistic full-year guidance.</li><li>Net bookings climbed to $1.76 billion, significantly surpassing the guidance range, while recurrent consumer spending rose by 23%, and accounted for 76% of net bookings.</li><li>Key contributors were titles like NBA 2K, Grand Theft Auto series, and mobile games including Toon Blast and Empires & Puzzles.</li></ul>

Take-Two Interactive Software reported strong third-quarter fiscal 2026 results, exceeding expectations and driving optimistic full-year guidance.Net bookings climbed to $1.76 billion, significantly surpassing the guidance range, while recurrent consumer spending rose by 23%, and accounted for 76% of net bookings.Key contributors were titles like NBA 2K, Grand Theft Auto series, and mobile games including Toon Blast and Empires & Puzzles.

Take-Two Interactive: How GTA, NBA 2K, and Mobile Are Rewriting the Revenue Mix!

<ul><li>Take-Two Interactive Software's fiscal year 2026 second-quarter earnings report showcases a period of remarkable achievements and strategic advancements.</li><li>The company reported net bookings of $1.96 billion, marking the best second quarter of net bookings in its history, driven by successful game releases, particularly in mobile gaming, and increased consumer engagement.</li><li>NBA 2K26's launch was a significant contributor, setting multiple records with high in-game spending, while Grand Theft Auto Online continued to enjoy a robust, active community.</li></ul>

Take-Two Interactive Software's fiscal year 2026 second-quarter earnings report showcases a period of remarkable achievements and strategic advancements.The company reported net bookings of $1.96 billion, marking the best second quarter of net bookings in its history, driven by successful game releases, particularly in mobile gaming, and increased consumer engagement.NBA 2K26's launch was a significant contributor, setting multiple records with high in-game spending, while Grand Theft Auto Online continued to enjoy a robust, active community.

Take-Two Interactive: The Power Move Behind GTA VI’s Most Explosive Release Ever!

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Thematic (Sector/Industry)

<p>Some datapoints that caught our eye last week in TMT.</p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.</p></div>

Some datapoints that caught our eye last week in TMT.Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.

Beyond the Virus: 3 Things from TMT Land that Stood Out Week of 4/​​17/​​​​​​2020

United States

Take-Two Interactive Software, Inc. develops, markets, distributes, and publishes interactive entertainment software games and accessories.  The Company's products are for console systems, handheld gaming systems and personal computers (including smartphones and tablets) and are delivered through physical retail, digital download, online and cloud streaming services.

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Take Two Interactive Software, Inc (TTWO US)

Take-Two Interactive’s $8.2 Billion Year: Can GTA VI Deliver The Next Big Leap?

Take-Two Interactive Software reported first quarter fiscal year 2027 net bookings of approximately $1.39 billion, slightly exceeding the high end...

Baptista Research

Take-Two Interactive Software’s $6.7 Billion Bookings Beat Resets The Story!

Take-Two Interactive Software concluded fiscal year 2026 with strong financial results, surpassing previous guidance. The company reported fourth...

Baptista Research

Take-Two Interactive: How GTA, NBA 2K, and Mobile Are Rewriting the Revenue Mix!

Take-Two Interactive Software reported strong third-quarter fiscal 2026 results, exceeding expectations and driving optimistic full-year...

Baptista Research

Take-Two Interactive: The Power Move Behind GTA VI’s Most Explosive Release Ever!

Take-Two Interactive Software's fiscal year 2026 second-quarter earnings report showcases a period of remarkable achievements and strategic...

Baptista Research

Beyond the Virus: 3 Things from TMT Land that Stood Out Week of 4/17/2020

Some datapoints that caught our eye last week in TMT.Obex’s fundamental research process is focused on secular change in the TMT and Consumer...

Aaron Gabin

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Take-Two Interactive’s $8.2 Billion Year: Can GTA VI Deliver The Next Big Leap?

Take-Two Interactive Software reported first quarter fiscal year 2027 net bookings of approximately $1.39 billion, slightly exceeding the high end...

Baptista Research

Take-Two Interactive Software’s $6.7 Billion Bookings Beat Resets The Story!

Take-Two Interactive Software concluded fiscal year 2026 with strong financial results, surpassing previous guidance. The company reported fourth...

Baptista Research

Take-Two Interactive: How GTA, NBA 2K, and Mobile Are Rewriting the Revenue Mix!

Take-Two Interactive Software reported strong third-quarter fiscal 2026 results, exceeding expectations and driving optimistic full-year...

Baptista Research

Take-Two Interactive: The Power Move Behind GTA VI’s Most Explosive Release Ever!

Take-Two Interactive Software's fiscal year 2026 second-quarter earnings report showcases a period of remarkable achievements and strategic...

Baptista Research

Beyond the Virus: 3 Things from TMT Land that Stood Out Week of 4/​​17/​​​​​​2020

Some datapoints that caught our eye last week in TMT.Obex’s fundamental research process is focused on secular change in the TMT and Consumer...

Aaron Gabin

Beyond the Virus: 3 Things from TMT Land that Stood Out Week of 4/17/2020