Take-Two Interactive Software (TTWO)
Market Price (12/5/2025): $247.98 | Market Cap: $45.8 BilSector: Communication Services | Industry: Interactive Home Entertainment
Take-Two Interactive Software (TTWO)
Market Price (12/5/2025): $247.98Market Cap: $45.8 BilSector: Communication ServicesIndustry: Interactive Home Entertainment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Low stock price volatilityVol 12M is 31% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -404 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.5% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Gaming Content & Platforms. | Expensive valuation multiplesP/SPrice/Sales ratio is 7.7x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 133x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Gaming Content & Platforms. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -404 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.5% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.7x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 133x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
Valuation, Metrics & Events
TTWO Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
The stock of Take-Two Interactive Software (TTWO) experienced a dynamic period between August 31, 2025, and December 5, 2025. Several key events influenced its movement, leading to an overall approximate gain of 6.1% during this timeframe.
1. Strong Q2 Fiscal Year 2026 Earnings Report. Take-Two Interactive reported impressive financial results for its second quarter of Fiscal Year 2026, which ended September 30, 2025, beating analyst expectations. The company announced earnings per share (EPS) of $1.04, surpassing the consensus estimate of $0.91, and revenue of $1.77 billion, exceeding the $1.71 billion estimate. This represented a 33.3% year-over-year revenue increase. The strong performance was driven by key titles and recurrent consumer spending. This positive earnings surprise significantly boosted investor confidence.
2. Launch of "Borderlands 4" and other titles. The release of "Borderlands 4" in mid-September 2025 was a significant catalyst. The game's strong initial performance, with over 2.5 million players within the first week and estimated sales topping $150 million, contributed to Take-Two's stock climbing nearly 11% in September. Other major launches during the quarter included "Mafia: The Old Country" on August 8, 2025, and "NBA 2K26" in September, which further fueled performance.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TTWO Return | 70% | -14% | -41% | 55% | 14% | 34% | 102% |
| Peers Return | 134% | 7% | -31% | 45% | 22% | 35% | 315% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 112% |
Monthly Win Rates [3] | |||||||
| TTWO Win Rate | 75% | 25% | 25% | 67% | 50% | 60% | |
| Peers Win Rate | 69% | 56% | 38% | 65% | 60% | 65% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| TTWO Max Drawdown | -18% | -30% | -47% | -2% | -16% | -3% | |
| Peers Max Drawdown | -16% | -20% | -40% | -7% | -11% | -13% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: NET, EA, VEEV, APPF, GVSE. See TTWO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/4/2025 (YTD)
How Low Can It Go
| Event | TTWO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.1% | -25.4% |
| % Gain to Breakeven | 128.0% | 34.1% |
| Time to Breakeven | 833 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -23.2% | -33.9% |
| % Gain to Breakeven | 30.2% | 51.3% |
| Time to Breakeven | 52 days | 148 days |
| 2018 Correction | ||
| % Loss | -38.7% | -19.8% |
| % Gain to Breakeven | 63.1% | 24.7% |
| Time to Breakeven | 447 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -79.7% | -56.8% |
| % Gain to Breakeven | 392.0% | 131.3% |
| Time to Breakeven | 2092 days | 1480 days |
Compare to NET, EA, VEEV, APPF, GVSE
In The Past
Take-Two Interactive Software's stock fell -56.1% during the 2022 Inflation Shock from a high on 2/8/2021. A -56.1% loss requires a 128.0% gain to breakeven.
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Latest Trefis Analyses
Trade Ideas
Select past ideas related to TTWO. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.9% | 4.9% | 0.0% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 6.8% | 6.8% | 0.0% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.1% | 2.1% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -25.1% | -25.1% | -25.6% |
| 11302019 | TTWO | Take-Two Interactive Software | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 12.2% | 45.4% | -17.5% |
| 05312019 | TTWO | Take-Two Interactive Software | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 12.2% | 25.9% | -7.4% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.9% | 4.9% | 0.0% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 6.8% | 6.8% | 0.0% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.1% | 2.1% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -25.1% | -25.1% | -25.6% |
| 11302019 | TTWO | Take-Two Interactive Software | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 12.2% | 45.4% | -17.5% |
| 05312019 | TTWO | Take-Two Interactive Software | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 12.2% | 25.9% | -7.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Take-Two Interactive Software
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 235.76 |
| Mkt Cap | 45.7 |
| Rev LTM | 2,968 |
| Op Inc LTM | 132 |
| FCF LTM | 209 |
| FCF 3Y Avg | 160 |
| CFO LTM | 540 |
| CFO 3Y Avg | 375 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.3% |
| Rev Chg 3Y Avg | 14.1% |
| Rev Chg Q | 21.2% |
| QoQ Delta Rev Chg LTM | 5.1% |
| Op Mgn LTM | 14.6% |
| Op Mgn 3Y Avg | 8.3% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 25.7% |
| CFO/Rev 3Y Avg | 22.9% |
| FCF/Rev LTM | 22.7% |
| FCF/Rev 3Y Avg | 16.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 45.7 |
| P/S | 10.9 |
| P/EBIT | 38.1 |
| P/E | 48.6 |
| P/CFO | 46.3 |
| Total Yield | 1.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.5% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.5% |
| 3M Rtn | -2.8% |
| 6M Rtn | 9.2% |
| 12M Rtn | 22.1% |
| 3Y Rtn | 103.2% |
| 1M Excs Rtn | -10.8% |
| 3M Excs Rtn | -10.6% |
| 6M Excs Rtn | -6.2% |
| 12M Excs Rtn | 9.8% |
| 3Y Excs Rtn | 40.3% |
Comparison Analyses
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5202025 | 10-K 3/31/2025 |
| 12312024 | 2072025 | 10-Q 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5222024 | 10-K 3/31/2024 |
| 12312023 | 2092024 | 10-Q 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5262023 | 10-K 3/31/2023 |
| 12312022 | 2072023 | 10-Q 12/31/2022 |
| 9302022 | 11082022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 5172022 | 10-K 3/31/2022 |
| 12312021 | 2082022 | 10-Q 12/31/2021 |
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