Take-Two has published a report for the fiscal year ended March 31. She reported record revenue and announced that she was preparing to release a number of revolutionary games.
▪️Take-Two’s net revenue exceeded $5.35 billion. This is 53% more than last year. Net receipts (net bookings) increased by 55% and amounted to $5.28 billion.
▪️Take-Two closed the year with a net loss of $1.12 billion. A year earlier, it made a profit of $418 million.
The company said that in the 2025 fiscal year (it will last from April 1, 2024 to March 31, 2025) “it will enter a new phase of growth.” She plans to receive $8 billion in revenue at once thanks to the release of several high-profile titles. Which ones are not specified, but the media suggest that we are talking about GTA VI, among other things.
After the release of the financial report, Take-Two shares on the postmarket rose by 9.46% to $136.89 apiece.