Take-Two Interactive announces robust results for the third quarter of fiscal year 2025, gearing up for a promising lineup of blockbuster titles in 2025

Take-Two Interactive has disclosed its financial performance for the third quarter of fiscal year 2025, revealing a 3% rise in net bookings to $1.37 billion compared to the previous year, aligning with the company's estimates. The company has maintained its full-year net bookings forecast between $5.55 billion and $5.65 billion, driven by robust results from major franchises and a promising release schedule expected to fuel substantial growth.

The numbers

For the three-month period concluding on December 31, 2024:

GAAP Net revenue: $1.36 billion, slightly lower than the $1.37 billion recorded last year
GAAP Net loss: Increased to $125.2 million from $91.6 million the previous year
Total net bookings: Experienced a 3% rise year-over-year, reaching $1.37 billion

The highlights

Between October 1, 2024, and December 31, 2024, the company launched 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 several platforms including PC, PS5, PS4, Xbox Series X and S, and Xbox One
Recurrent consumer spending grew by 9%, contributing 79% to total Net Bookings
Key contributors to Net Bookings were titles such as NBA 2K25, GTA Online, GTA 5, Red Dead Redemption 2, Red Dead Online, and mobile games like Toon Blast, Match Factory, Words With Friends, and Toy Blast
Upcoming releases include Sid Meier's Civilization 7 and PGA TOUR 2K25 in February, with WWE 2K25 set for March
Mafia: The Old Country is expected in summer 2025, while GTA 6 remains on schedule for a fall 2025 debut
Borderlands 4 is slated for a 2025 release
Ghost Story Games' Judas, 2K's Project ETHOS, and Zynga's CSR 3 racing game are part of the portfolio with undisclosed release dates

Strauss Zelnick, Chairman and CEO of Take-Two Interactive, mentioned, "Our performance during the holiday period was commendable. NBA 2K's exceptional performance offset some moderation in our mobile games portfolio, resulting in Net Bookings of $1.37 billion, in line with our guidance. Additionally, our operational outcomes were better than anticipated, largely due to the strength of NBA 2K and adjusted timing of expenses beneficial to the quarter."

Zelnick continued, "For Fiscal 2025, we maintain our Net Bookings guidance between $5.55 and $5.65 billion and our operational performance outlook. Our projections for the fourth quarter reflect strong NBA 2K performance along with continuation of current mobile trends and a shift in some operational expenses into the quarter."

Looking forward, Zelnick stated, "This year promises to be one of the most promising for Take-Two with Sid Meier’s Civilization VII launching on February 11th, Mafia: The Old Country in the summer, and Grand Theft Auto 6 in the fall, followed by Borderlands 4. We intend to continue investing prudently in our development projects and are confident in Zynga’s ability to create new enduring mobile franchises, as exemplified by their ongoing achievements with Match Factory. Our continued success in releasing popular titles reinforces our belief in achieving record Net Bookings in Fiscal 2026 and 2027."