Take-Two Interactive Software: Increased Relevance of Mobile and Strategic Titles, New Launches & Critical Growth Factors

Take-Two Interactive Software Inc reported a healthy performance for the fiscal fourth quarter of 2024 with net bookings of $1.35 billion. The fiscal year 2024 saw net bookings of $5.33 billion. The performance for the period was attributed to the success of NBA 2K24, Zynga’s in-app purchases, Match Factory!, the Red Dead Redemption series, and the Grand Theft Auto series. The company expects net bookings to be between $5.55 billion and $5.65 billion for the fiscal year 2025, reflecting a 5% year-over-year growth. As part of the 2025 outlook, Take-Two has disclosed that it’s narrowing the release window for Grand Theft Auto VI from the previous timeline of calendar 2025 to fall of calendar 2025. The company expresses high confidence in Rockstar Games’ capabilities to deliver an unparalleled gaming experience with Grand Theft Auto VI, and expects its commercial impact to be significant.