Take-Two concludes fiscal year 2025 at the high end of its forecast as GTA 6 shifts to fiscal year 2027
Take-Two Interactive has announced its financial results for the fourth fiscal quarter ending March 31, highlighting a net loss caused by impairment charges.
Net bookings achieved the upper limit of the guidance range for fiscal year 2025.
Fourth Quarter Figures
- Net revenue: $1.583 billion, a 12% increase compared to last year
- Net loss: $3.73 billion, up from a $2.9 billion loss in the preceding quarter
- Total net bookings: $1.582 billion, representing a 13% rise from the previous year
Annual Performance
- Net revenue: $5.63 billion, marking a 5% increase year-over-year
- Net loss: $4.48 billion, which compares to a $3.74 billion loss in the prior fiscal year
- Total net bookings: $5.65 billion, reflecting a 6% year-over-year growth
Key Developments
Grand Theft Auto 6's delay was mentioned in the report, with the release anticipated in fiscal year 2027. Take-Two highlighted the decision to give Rockstar additional development time as an important "investment."
The company expressed that Grand Theft Auto 6 has a level of ambition and complexity surpassing previous Rockstar games, promising an experience that will exceed player expectations.
Recurrent consumer spending surpassed forecasts, growing by 7% for the year and 14% in the quarter. This increase was largely driven by NBA 2K's high-teen growth, alongside modest gains from mobile and GTA Online.
Grand Theft Auto 5 has achieved sales of 215 million units. Remarkably, Red Dead Redemption 2's net bookings increased by 23% year-over-year, beating anticipations.
In Q4, 2K recorded substantial success, with NBA 2K25 distributing around 10 million units. Spending has risen year-over-year across all 2K sports titles such as WWE 2K and PGA 2K25.
Sid Meier's Civilization VII was released in Q4, receiving mixed reviews on Steam. The company is working on updates, with plans for future releases on Meta Quest 3 and Nintendo Switch 2.
Zynga performed impressively, with Take-Two emphasizing its vital role within the organization.
With the postponement of GTA 6, net bookings are projected to grow by 5% in FY26, reaching $5.9 billion to $6 billion.
Highlights for the upcoming year include Borderlands 4 on September 12, a highly anticipated game on Steam, and Mafia: The Old Country on August 8. Pre-orders for Mafia, priced at $50/£45, have seen a "strong start."
New additions to the NBA 2K and WWE 2K series are expected, with a total of 13 titles set for release in FY26.
Between fiscal years 2026 and 2028, around 38 titles are scheduled for launch, a pipeline that excites the company greatly.