US publishing giant Take-Two has reported a three per cent increase in its net bookings for the three months ending December 2024.
In its financials for the quarter, the company reported $1.37 billion in net bookings; of this figure, 79 per cent came from recurrent consumer spending, which rose nine per cent year-on-year.
Meanwhile, net revenue dipped 0.7 per cent to $1.36 billion. CEO and chair Strauss Zelnick (pictured) said that the company was on track to bring in between $5.55 billion and $5.65 billion for its full financial year.
All of this is ahead of what is set to be a blockbuster 25/26 for Take-Two, which will see the release of Grand Theft Auto 6, Mafia: The Old Country and Borderlands 4. “We achieved solid results during the holiday season.
Our net bookings of $1.37 billion were within our guidance range, as significant outperformance in NBA 2K helped to offset moderation experienced in several of our mobile franchises," Zelnick said. "At the same time, our operating results surpassed expectations, led by the upside from NBA 2K, as well as a shift in timing of expenses that benefited the quarter.