Take-Two Annual Report: Losses Reach $4.5 Billion, GTA VI Unlikely to Be Delayed Again
Take-Two Interactive shared its report for the fiscal year 2025 (April 2024 - March 2025). Its revenue increased, but it could not avoid significant losses. The company also provided updated sales figures for its games and mentioned that another delay for GTA VI is unlikely.
GTA VI
Key Figures for the Year
- Compared to the previous year, Take-Two Interactive's revenue grew by 5%, reaching $5.63 billion.
- 96% of Take-Two Interactive's revenue came from digital game sales.
- The revenue breakdown by platform is as follows: 52% from mobile games, 37% from console games, and 11% from PC games.
Take-Two Interactive's revenue in fiscal years 2024 and 2025, plus the forecast for fiscal year 2026
- The company's net losses amounted to $4.48 billion. It lost 19.7% more than a year ago and 300% more than two years ago.
- The annual performance of several games from 2K, Rockstar Games, and Zynga exceeded Take-Two Interactive's expectations. Notably, the company reported a 23% growth in revenue for Red Dead Redemption 2 and a successful release of the mobile puzzle game Color Block Jam.
- Mafia: The Old Country is pre-ordering well. The new Mafia and Borderlands 4 are among the major releases for Take-Two Interactive in the current fiscal year, which ends on March 31, 2026 (i.e., before the release of GTA VI).
- In total, by March 31, 2026, Take-Two Interactive plans to release 13 games, and by March 31, 2028, 38 games.
Pipeline of Take-Two Interactive games until the fiscal year 2028
- The report mentions that active development of GTA VI began in 2020. In an interview with IGN, Take-Two Interactive CEO Strauss Zelnick added that he is quite confident about the game's May release. According to him, if the company officially announces a specific release date, they usually don't change it.
- Zelnick also stated that new tariffs in the U.S. are unlikely to have a significant impact on Take-Two Interactive's business.
- Due to the postponement of GTA VI from fall 2025 to May 26, 2026, the current fiscal year will not be as successful for Take-Two Interactive as anticipated. However, the company forecasts revenue growth, expecting revenue at a level of $5.95-6 billion. According to Bloomberg, analysts hoped for a forecast of $7.8 billion.
Updated Sales and Download Data for Take-Two Interactive Games
- GTA V — 215 million copies. The entire series — 450 million copies.
- Red Dead Redemption 2 — 74 million copies. The entire series — 100 million copies.
- NBA 2K25 — 10 million copies. The entire series — 160 million copies.
- Borderlands series — 93 million copies.
- Sid Meier's Civilization series — 76 million copies.
- Zynga's hyper-casual game downloads exceeded 3.7 billion. Specifically, Color Block Jam gathered 20 million downloads, Seat Away — 17.9 million downloads, Bus Jam — 15.5 million downloads, Screw Jam — 9 million downloads, and Timeline Up! — 6 million downloads.