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Sep 30, 2024
Take-Two Q2 2025 Earnings Report
Delivered strong second quarter results driven by Grand Theft Auto and Borderlands franchises, with operating results surpassing plans due to marketing expense timing.
Key Takeaways
Take-Two Interactive Software, Inc. reported its results for the second quarter of fiscal year 2025. Net Bookings were $1.47 billion, at the top of the guidance range, driven by the success of the Grand Theft Auto and Borderlands franchises. The company is reiterating its fiscal year 2025 Net Bookings guidance range of $5.55 to $5.65 billion.
Total Net Bookings grew 2% to $1.47 billion compared to $1.44 billion last year.
Net Bookings from recurrent consumer spending grew 6% and accounted for 81% of total Net Bookings.
GAAP net revenue increased 4% to $1.35 billion, compared to $1.30 billion last year.
GAAP net loss was $365.5 million, or $2.08 per share, as compared to $543.6 million, or $3.20 per share, for the comparable period last year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Take-Two is revising its outlook for the fiscal year ending March 31, 2025 and providing its initial outlook for its fiscal third quarter ending December 31, 2024.
Positive Outlook
- Total net revenue $5,570 to $5,670 (millions)
- Cost of revenue $2,397 to $2,422 (millions)
- Operating expenses $3,772 to $3,792 (millions)
- Interest and other, net $120 (millions)
- Net Bookings $5,550 to $5,650 (millions)
Challenges Ahead
- Loss income before income taxes $(719) to $(664) (millions)
- Net loss $(839) to $(775) (millions)
- Net loss per share $(4.80) to $(4.43)
- Net cash provided by operating activities approximately $(200) (millions)
- Adjusted Unrestricted Operating Cash Flow approximately $(150) (millions)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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