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Dec 31, 2024
Take-Two Q3 2025 Earnings Report
Take-Two Interactive Software, Inc. reported solid results for the fiscal third quarter ended December 31, 2024, with Net Bookings within guidance range and operating results surpassing expectations.
Key Takeaways
Take-Two Interactive Software, Inc. announced its fiscal third quarter 2025 results, reporting $1.37 billion in Net Bookings, which was within the company's guidance range. Operating results exceeded expectations, primarily driven by strong performance in NBA 2K. The company also reiterated its fiscal year 2025 Net Bookings guidance of $5.55 billion to $5.65 billion.
Net Bookings for Q3 FY25 reached $1.37 billion, aligning with the company's guidance.
Operating results for the quarter surpassed expectations, largely due to strong performance from NBA 2K.
Recurrent consumer spending grew by 9% and accounted for 79% of total Net Bookings.
The company reaffirmed its fiscal year 2025 Net Bookings guidance of $5.55 billion to $5.65 billion.
Revenue by Geographic Location
Forward Guidance
Take-Two is reiterating its fiscal year 2025 Net Bookings guidance and outlook for operating performance, with strong upcoming game releases expected to drive future growth.
Positive Outlook
- Reiterating fiscal year 2025 Net Bookings guidance of $5.55 billion to $5.65 billion.
- Outlook for operating performance remains consistent with previous expectations.
- Upcoming releases in calendar year 2025 include Sid Meier's Civilization VII, Mafia: The Old Country, Grand Theft Auto VI, and Borderlands 4.
- Continued investment in development pipeline and confidence in Zynga's potential for new mobile franchises.
- Expectation of sequential increases and record levels of Net Bookings in Fiscal 2026 and 2027.
Challenges Ahead
- Current mobile trends are expected to continue into the fourth quarter.
- Some operating expenses are shifting into the fourth quarter.
- Moderation experienced in several mobile franchises during Q3 FY25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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