“This fiscal year is shaping up to be one of the most robust ever for Take-Two”
Take-Two Interactive announced its financial results for the third quarter of fiscal year 2025, reporting net bookings of $1.37 billion, a 3% increase over the previous year and within the company’s projected guidance. The organization also reiterated its full-year net bookings forecast of $5.55 billion to $5.65 billion, citing strong performance from its primary franchises and an upcoming release schedule poised to drive substantial growth.
The figures
For the three months ending December 31, 2024:
- GAAP Revenue: $1.36 billion, slightly down from $1.37 billion last year
- GAAP Net loss: $125.2 million, up from $91.6 million last year
- Total net bookings: $1.37 billion, a 3% year-over-year increase
The highlights
- From October 1, 2024, to December 31, 2024, Take-Two Interactive released NBA 2K25 Arcade Edition on Apple Arcade, a PC version of Red Dead Redemption and Undead Nightmare, and Grand Theft Auto Online: Agents of Sabotage on PC, PS5, PS4, Xbox Series X and S, and Xbox One
- Recurring user spending rose by 9%, accounting for 79% of total Net Bookings
- The top performers in Net Bookings included NBA 2K25, GTA Online, GTA 5, Red Dead Redemption 2, Red Dead Online, and mobile titles Toon Blast, Match Factory, Words With Friends, and Toy Blast
- In February, the company will launch Sid Meier’s Civilization 7 and PGA TOUR 2K25, with WWE 2K25 set for March
- Mafia: The Old Country may receive a summer 2025 release date, and GTA 6 remains on track for its fall 2025 timeline.
- Borderlands 4 is scheduled for release sometime in 2025.
- Ghost Story Games’ Judas, 2K’s Project ETHOS, and Zynga’s racing game CSR 3 are included in a currently undated lineup.
“We achieved strong results during the holiday season. Our Net Bookings of $1.37 billion fell within our guidance range, as impressive performance in NBA 2K helped to counterbalance the moderation experienced in some of our mobile franchises. Simultaneously, our operating results exceeded expectations, driven by the success from NBA 2K, alongside a change in the timing of expenses that benefited the quarter,” stated Strauss Zelnick, Chairman and CEO of Take-Two Interactive.
“For Fiscal 2025, we continue to affirm our Net Bookings guidance range of $5.55 to $5.65 billion and our outlook for operational performance. Our forecasts for the fourth quarter balance strength in NBA 2K with the continuation of current mobile trends, alongside some shifting of expenses.”