Take-Two Q1 2025 Earnings Report
Key Takeaways
Take-Two Interactive reported a 1% increase in Net Bookings to $1.22 billion and a 4% increase in GAAP net revenue to $1.34 billion for the first quarter of fiscal year 2025. The company sustained recurrent consumer spending, which accounted for a significant portion of both Net Bookings and GAAP net revenue. However, the company experienced a GAAP net loss of $262.0 million, or $1.52 per share, compared to a loss of $206.0 million, or $1.22 per share, in the same period last year. The company reiterates Net Bookings outlook for the year of $5.55 to $5.65 billion.
Total Net Bookings grew 1% to $1.22 billion.
GAAP net revenue increased 4% to $1.34 billion.
GAAP net loss was $262.0 million, or $1.52 per share.
Company reiterates Net Bookings outlook for the year of $5.55 to $5.65 billion.
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Forward Guidance
Take-Two is revising its outlook for the fiscal year ending March 31, 2025 and providing its initial outlook for its fiscal second quarter ending September 30, 2024.