With NBA 2K, GTA 5, and other games, wind in its sails, Take-Two Interactive has helped the company achieve great quarterly results as far as its revenue generation goes in the concluded quarter. The company revealed that its Net Bookings were as high as $1.37 billion.
Having said that, what are its projections for 2025? Is it still in the game with its older games, or is it looking for a massive outbreak considering that the competition is increasingly becoming more and more intense.
In his comments after revealing the third quarterly numbers, Strauss Zelnick, Chairman and CEO of Take-Two Interactive, said, “For Fiscal 2025, we are reiterating our Net Bookings guidance range of $5.55 to $5.65 billion…..”
The company is clearly not looking to sit on its haunches as Zelnick said, “Looking ahead, this calendar year is shaping up to be one of the strongest ever for Take-Two, as we plan to launch Sid Meier’s Civilization VII on February 11th, Mafia: The Old Country in the Summer, Grand Theft Auto 6 in the Fall, and Borderlands 4.”
Check out the highlights:
1. Total Net Bookings grew 3% to $1.37 billion.
2. Net Bookings from recurrent consumer spending grew 9%.
3. The largest contributors to Net Bookings were NBA 2K25, Grand Theft Auto Online and GTA 5, Toon Blast, Match Factory!, Red Dead Redemption 2 and Red Dead Online, among others
4. GAAP net revenue was $1.36 billion.
5. Recurrent consumer spending increased 5%.
6. The largest contributors to GAAP net revenue were NBA 2K25 and NBA 2K24, Grand Theft Auto Online and GTA 5, Toon Blast, Empires & Puzzles among others.
Product release
The company has released a number of products since October 1, 2024 and this includes NBA 2K25 Arcade Edition, Red Dead Redemption and Undead Nightmare, and Grand Theft Auto Online: Agents of Sabotage.
Take-Two’s launch lineup for 2025 (starting Feb. 11)
1. Sid Meier’s Civilization VII
2. PGA TOUR 2K25
3. WWE 2K25
4. Mafia: The Old Country
5. Grand Theft Auto VI
6. Borderlands 4
