Take-Two revenue up 4% year-on-year
Grand Theft Auto parent company Take-Two has reported a four per cent increase in its net income.
The company brought in $1.35 billion for the three months ending September 30th, while net bookings clocked in at $1.47 billion, a two per cent increase. 81 per cent of net bookings was recurrent consumer spending, which rose six per cent year-on-year. Take-Two's net loss, meanwhile, dipped 39 per cent to $365.5 million.
“Our execution has been consistent, and our teams continue to make great progress advancing our development pipeline," CEO and chair Strauss Zelnick said.
"Accordingly, we are reiterating our fiscal year 2025 Net Bookings guidance range of $5.55 to $5.65 billion, and we are confident that we will achieve sequential increases and record levels of Net Bookings in fiscal years 2026 and 2027.
“As we look ahead, we believe that Take-Two remains exceedingly well-positioned for the long-term. Our vision is clear, our talent is unparalleled, and we have one of the strongest portfolios of owned intellectual property in our industry. With many exciting new titles coming in Fiscal 2026 – including Grand Theft Auto VI in the fall, Borderlands 4 and Mafia: The Old Country – we expect to create long-term value for our shareholders.”
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