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.
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.
Visualization of income flow from segment revenue to net income