Take-Two Interactive Software, Inc. reported financial results for its first fiscal quarter ended June 30, 2025, with Net Bookings reaching $1.42 billion, a 17% increase compared to the same period last year. The company attributed this growth to strong performance from key franchises such as NBA 2K25 and Grand Theft Auto. GAAP net revenue also increased to $1.50 billion, while the net loss decreased significantly to $11.9 million from $262 million in the prior year. The company now expects Net Bookings for fiscal year 2026 to range between $6.05 to $6.15 billion, reflecting a positive outlook based on the strong start to the fiscal year.
The company highlighted that recurrent consumer spending accounted for a significant portion of its Net Bookings, emphasizing ongoing demand for its gaming titles. Take-Two's CEO noted confidence in the company's future, supported by a robust pipeline of upcoming releases. The financial results were accompanied by a call for investors to discuss these developments further. The company continues to focus on delivering engaging experiences across various platforms while managing its operational performance effectively.
linkAug 07, 2025 16:24:58
Take-Two Interactive Software, Inc. has announced the pricing of a public offering of 4,750,000 shares of its common stock at $225.00 per share. The company will sell all shares in this offering and has granted underwriters a 30-day option to purchase an additional 712,500 shares. The expected net proceeds from the offering are approximately $1.04 billion, intended for general corporate purposes, including potential debt repayment and future acquisitions. If the underwriters fully exercise their option, the net proceeds could rise to approximately $1.19 billion.
The offering is expected to close on May 22, 2025, subject to customary closing conditions. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are the lead bookrunning managers for the offering, with Wells Fargo Securities, BofA Securities, and BNP Paribas acting as joint bookrunning managers. The offering is made pursuant to Take-Two’s effective shelf registration statement filed with the SEC on February 7, 2025. Investors are encouraged to read the prospectus and related documents for more information about the offering.
linkMay 22, 2025 16:15:10
Take-Two Interactive Software, Inc. announced its financial results for the fourth quarter and fiscal year 2025, revealing total net bookings of $1.58 billion for Q4, a 17% increase compared to the previous year. The company's fiscal year 2025 net bookings reached $5.65 billion, up 6% from the prior year. However, the company reported a significant GAAP net loss of $3.73 billion for Q4 and $4.48 billion for the full fiscal year, which included substantial impairment charges related to goodwill and acquisition-related intangible assets.
Looking ahead, Take-Two provided an initial outlook for fiscal year 2026, projecting net bookings between $5.9 billion and $6.0 billion. The company anticipates a GAAP net loss of approximately $499 million to $439 million for the fiscal year, with a net loss per share expected to range from $2.79 to $2.45. The first quarter of fiscal 2026 is expected to generate net bookings between $1.25 billion and $1.3 billion, with a GAAP net loss projected between $139 million and $115 million.
linkMay 15, 2025 16:09:08
Take-Two Interactive Software, Inc. has reiterated its expectations for sequential increases and record levels of Net Bookings in Fiscal Years 2026 and 2027. The company also announced that Rockstar Games will release Grand Theft Auto VI on May 26, 2026, later than the previously expected Fall 2025 date. The CEO emphasized the commitment to quality and the anticipation surrounding the game.
The company plans to report its fourth quarter and Fiscal 2025 results on May 15, 2025, and will hold a conference call to discuss these results. Investors can access the call via telephone or through a live webcast. Take-Two is known for its development and publishing of interactive entertainment products, including titles from its subsidiaries Rockstar Games, 2K, and Zynga.
linkMay 02, 2025 07:34:20
Take-Two Interactive Software, Inc. reported net bookings of $1.37 billion for the fiscal third quarter of 2025, which is a 3% increase compared to the previous year. The company's performance was bolstered by strong sales of NBA 2K, which helped offset declines in some mobile franchises. The company also reiterated its full-year net bookings guidance of $5.55 to $5.65 billion, indicating confidence in its upcoming game releases, including titles from popular franchises like Grand Theft Auto and Borderlands.
However, Take-Two also faced challenges, reporting a GAAP net loss of $125.2 million, up from a loss of $91.6 million in the same quarter last year. This loss translates to $0.71 per share, reflecting increased operating expenses and a shift in the timing of certain costs. Despite the growth in net bookings and recurrent consumer spending, the company's overall financial results indicate ongoing struggles in profitability, particularly in the mobile gaming sector.
linkFeb 06, 2025 16:11:34
Take-Two Interactive Software, Inc. reported net bookings of $1.47 billion for the fiscal second quarter of 2025, reflecting a 2% increase compared to the same period last year. The success of popular franchises such as Grand Theft Auto and Borderlands was highlighted as key contributors to this performance. Additionally, recurrent consumer spending rose by 6%, making up 81% of total net bookings, which indicates strong engagement with their products. The company reiterated its fiscal year 2025 net bookings guidance of $5.55 to $5.65 billion, suggesting confidence in ongoing revenue generation.
On the downside, Take-Two experienced a GAAP net loss of $365.5 million, a significant improvement compared to the $543.6 million loss reported in the previous year. Despite this improvement, the company continues to face challenges, including high operating expenses totaling $1.025 billion, which outpaced revenue growth. The ongoing losses and high costs may raise concerns among investors about the company's financial health and its ability to achieve profitability in the near term.
linkNov 06, 2024 16:15:50
Take-Two Interactive reported $1.22 billion in net bookings for Q1 2025, meeting expectations, and maintained its annual outlook of $5.55 to $5.65 billion. However, the company faced a net loss of $262 million, worsening from last year's loss. Despite these challenges, management expressed optimism about future growth, citing strong game franchises and ambitious development plans.
linkAug 08, 2024 16:15:55
Take-Two Interactive Software, Inc. announces the pricing of a secondary offering of 2,830,084 shares of common stock by Embracer Group AB at $154.50 per share. Take-Two will not receive any proceeds from this resale. The offering is set to close on June 14, 2024. Goldman Sachs & Co. LLC is the sole underwriter. Take-Two is a prominent developer, publisher, and marketer of interactive entertainment globally, with products for various platforms. The company's common stock trades on NASDAQ under the symbol TTWO.
linkJun 14, 2024 16:06:54
Take-Two Interactive Software, Inc. is issuing $600 million Senior Notes to repay existing debt and for general corporate purposes. The offering comprises two tranches maturing in 2029 and 2034. The company, known for popular games like Grand Theft Auto, plans to utilize the funds raised for its operations. The offering is managed by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. Take-Two Interactive Software is a prominent developer, publisher, and marketer of interactive entertainment globally.
linkJun 12, 2024 16:15:31
Take-Two Interactive Software announced a $1.35 billion fourth quarter net bookings, highlighting successes in key franchises like NBA 2K24 and Grand Theft Auto. Fiscal year 2024 net bookings reached $5.33 billion. The company provided a positive outlook for fiscal 2025, anticipating net bookings between $5.55 to $5.65 billion. Despite a decrease in total net bookings and revenue, the company remains confident in its future success, particularly with the upcoming release of Grand Theft Auto VI.
linkMay 16, 2024 16:11:01