Take-Two reports June quarter bookings of $1.2B, up 20%
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Take-Two Interactive Software reported its bookings rose 20% to $1.2 billion for the quarter ended June 30.
The company credited ongoing revenues from Grand Theft Auto Online and Grand Theft Auto V, and NBA 2K23 for the increase in bookings from a year ago. Analysts had expected slightly better bookings at $1.21 billion.
Grand Theft Auto V has sold-in more than 185 million copies since 2013, up from 180 million in the previous quarter. Red Dead Redemption 2 has sold-in 55 million copies, up from 53 million in the previous quarter. And NBA 2K23 exceeded plans and has now sold-in over 13 million copies, up from 11 million in the previous quarter. In after-hours trading, Take-Two’s stock is up 0.7% to $141.15 a share.
Take-Two also reiterated its optimistic guidance for the fiscal year 2024, which ends March 31, 2024, with overall bookings for the year expected to hit $5.45 billion to $5.55 billion.
The company expects to launch 52 titles through fiscal 2026, or by the end of March 31, 2026. A couple of big launches in the current fiscal 2024 year are Star Wars Hunters and Top Troops, both coming from Zynga. The Hunters game will feature battles across the iconic worlds of Star Wars.
“We had a strong start to the fiscal year and achieved net bookings of $1.2 billion, which was at the high end of our expectations,” said Strauss Zelnick, CEO of Take-Two, in an interview with GamesBeat. “Our performance was led by our catalog of iconic, industry-leading intellectual properties, which continues
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