Take-Two Interactive announced its financial results for the third quarter of fiscal year 2025, informing net reserves of $ 1.37 billion, an increase of 3% compared to the previous year and within the projected guide of the company. The company also reaffirmed its perspective for net reserves throughout the year from $ 5.55 billion to $ 5.65 billion, citing a solid yield from its main franchises and an upcoming launch calendar to boost significant growth.
The numbers
For the three months that end on December 31, 2024:
- Net income Gaap: $ 1.36 billion, slightly below $ 1.37 billion last year
- Net Loss Gaap: $ 125.2 million, increased from $ 91.6 million last year
- Total net reserves: $ 1.37 billion, an increase of 3% year after year
The most prominent aspects
- Between October 1, 2024 and December 31, 2024, Take Two Interactive, launched NBA 2K25 Arcade Edition in Apple Arcade, a PC version of Red Dead Redemption and Undeader Nightmare, and Grand Theft Auto online: Sabotage agents on PC, PS5, PS4, Xbox Series X and S and Xbox One
- Recurrent consumer spending increased 9%, representing 79% of total net reserves
- The biggest hitters in netbooks were NBA 2K25, GTA Online, GTA 5, Red Dead Redemption 2, Red Dead Online and Mobile Titles Toon Blast, Match Factory, Words With Friends and Toy Blast
- In February, the company will release Sid Meier’s Civilization 7 and PGA Tour 2K25, with WWE 2K25 scheduled for March
- Mafia: The Old Country will have a 2025 summer launch date, and GTA 6 is still on the way to its 2025 autumn window.
- Borderlands 4 is planned for its launch at some point in 2025.
- Judas de Ghost Story Games, the ethos of the 2K project and the Zynga CSR 3 racing title remain part of a line currently without date.
“We achieved solid results during the holiday season. Our net reserves of $ 1.37 billion were within our guidance range, since a significant higher performance in NBA 2K helped compensate for the moderation experienced in several of our mobile franchises. To the same Time, our operational results exceeded expectations, led by NBA 2K rise, as well as a change at the time of expenses that benefited the quarter, “said Strauss Zelnick, president and CEO of Take-Two Interactive.
“For the 2025 prosecutor, we are reiterating our orientation of net reserves of $ 5.55 to $ 5.65 billion and our perspective for operational yield. Our projections for the force of the balance of the fourth quarter in NBA 2K with a continuation of the trends current mobiles and the change of some operating expenses in the period. “
“Looking to the future, this calendar year is emerging to be one of the strongest to take time, since we plan 6 In the Fall and Borderlands 4. We continue to invest with prudence in our development pipe and we follow Zynga’s potential to create new mobile franchises forever as demonstrated by its continuous success with Match Factory. net in fiscal year 2026 and 2027.
