Take-Two Interactive marks “another consecutive quarter of strong results,” with net bookings up 2% to $1.47 billion, in line with the top of its guidance range.
Both Grand Theft Auto Online and Grand Theft Auto 5 “overperformed expectations,” the latter selling 205 million units worldwide to date. The company also reports that its GTA+ subscription service grew its membership by 35% year-on-year after adding Bully to the available games library.
The numbers
For the three months ending September 30, 2024:
- Net revenue: $1.35 billion (up 4% year-on-year)
- Net loss: £365.5 million (down 39% year-on-year)
- Total net bookings: $1.47 billion (up 2%)
The highlights
Take-Two Interactive has reaffirmed its 2025 net bookings guidance range of $5.55 to $5.65 billion, confident of results that are “sequential increases and record levels of net bookings in fiscal years 2026 and 2027.”
Net bookings from recurrent consumer spending were up 6%, accounting for 81% of all net bookings. Take-Two specifically highlights NBA 2K25 and NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, our hyper-casual mobile portfolio, Match Factory!, Empires & Puzzles, Words With Friends, Red Dead Redemption 2 and Red Dead Online, and Toy Blast as the biggest contributors.
