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Edge10 Jul 2026
Inside Take-Two: The Grand Anticipation
The story of how Take-Two Interactive built the empire behind Grand Theft Auto, Red Dead Redemption, and one of gaming's largest mobile portfolios.
Nacon
Nacon (NACON) investor relations material
Nacon H2 25/26 & Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 25/26 & Q1 26/27 earnings summary20 Jul, 2026
Executive summary
Judicial reorganisation proceedings initiated in March 2026, with observation period renewed in July 2026.
Strategic review led to focus on low-risk projects and cost structure reduction, including workforce adjustments.
Judicial liquidation of three French entities and reorganisation for two studios; recovery plan to be submitted.
Financial highlights
FY 2025-2026 sales: €160.8M, down from €167.9M year-over-year.
Gross margin: €103.7M (64.5% of sales), nearly flat year-over-year.
Net loss: €366.1M, driven by a €342.9M impairment of fixed assets and goodwill.
Q1 2026-2027 sales up 4.1% to €32.6M; Games activity up 13.8% to €22.4M.
Outlook and guidance
Upcoming releases in racing, action/adventure, and simulation genres expected to support growth.
Back Catalogue sales projected to grow, leveraging prior year releases.
Accessories segment may return to growth, driven by new products and favorable US market.
Transformation plan focuses on selective investment, agility, centralized governance, and strong IPs.
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Latest events from Nacon
- Sales fell 4.3% to €160.8M amid restructuring, with strong new game growth but weak accessories.NACON
Q4 25/26 TU18 May 2026 - New game sales surged, but overall revenue fell 4.4% as accessories slumped sharply.NACONQ3 25/26 TU19 Jan 2026
- EBITDA up 18.7% and operating income up 30.4% on strong games and accessories performance.NACONH1 25/2625 Nov 2025
- Q2 sales up 4.5% to €46.8M, driven by Games; Accessories fell sharply in the US.NACONQ2 25/26 TU28 Oct 2025
- Gaming growth offsets accessories decline; strong outlook with major releases ahead.NACONQ1 25/26 TU4 Aug 2025
- Sales up 13.6% year-over-year; full-year growth expected with new launches.NACONH1 24/2513 Jun 2025
- Q2 sales soared 38.5% to €44.7M, driven by gaming and accessories momentum.NACONQ2 24/25 TU13 Jun 2025
- EBITDA surged 45% and net income 37% as Nacon eyes further growth with a strong 2024-25 lineup.NACONH2 23/2413 Jun 2025
- Delayed launches led to a net loss, but strong growth is forecast for 2025/26.NACONH2 24/256 Jun 2025
Next Nacon earnings date
Q2 2027 TU26 Oct, 2026
Nacon
Next Nacon earnings date
Q2 2027 TU26 Oct, 2026
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