Shares of Take-Two Interactive Software program, Inc. (NASDAQ: TTWO) had been down over 2% on Friday. The inventory has gained 8% over the previous three months. The corporate delivered robust high line efficiency within the fourth quarter of 2025 and has supplied an encouraging outlook for the upcoming fiscal yr. Nevertheless, features from the discharge of its extremely anticipated Grand Theft Auto VI title is not going to seem till fiscal yr 2027, which is a slight dampener.
This fall numbers
Within the fourth quarter of 2025, Take-Two’s revenues elevated 13% year-over-year to $1.58 billion, with robust contributions from the NBA 2K, Grand Theft Auto, and Crimson Lifeless Redemption franchises, in addition to Civilization VII, WWE 2K25, Toon Blast, Match Manufacturing facility!, Empires & Puzzles, and the hyper-casual cellular portfolio.
The corporate reported a lack of $21.08 per share in This fall 2025 in comparison with $17.02 per share within the year-ago interval. The underside line was harm by impairment expenses of $3.55 billion associated to goodwill and $176.3 million for acquisition-related intangible property.
Enterprise efficiency
In This fall, Take-Two noticed web bookings enhance 17% YoY to $1.58 billion, with the biggest contributors being NBA 2K25, Grand Theft Auto On-line and Grand Theft Auto V, Crimson Lifeless Redemption 2 and Crimson Lifeless On-line, WWE 2K25, Civilization VII, Toon Blast, Match Manufacturing facility!, Empires & Puzzles, and the hyper-casual cellular portfolio. Web bookings from recurrent client spending elevated 14%.
TTWO benefited from robust efficiency in its core franchises and new releases through the quarter. NBA 2K25 exceeded expectations and has sold-in almost 10 million items to-date. Engagement noticed important development with a 30% rise in Each day Energetic Customers.
The Grand Theft Auto sequence maintained its momentum through the quarter. GTA V has sold-in over 215 million items to-date, and recurrent client spending grew 5% YoY. The much-anticipated launch of GTA VI, which is slated for fiscal yr 2027, is anticipated to take web bookings to a report stage for the corporate.
Crimson Lifeless Redemption 2 noticed web bookings develop 23% YoY in This fall. Zynga carried out properly with web bookings development in Match Manufacturing facility and Toon Blast. It is usually seeing features from its latest launch Colour Block Jam.
In fiscal yr 2026, TTWO plans to launch 13 titles, together with Mafia: The Outdated Nation, Borderlands 4, and the following iterations of its NBA 2K and WWE 2K franchises.
Outlook
For the primary quarter of 2026, Take-Two expects web income of $1.35-1.40 billion and loss per share of $0.78-0.65. Web bookings are anticipated to vary between $1.25-1.30 billion, in comparison with $1.22 billion in Q1 2025.
The biggest contributions to bookings are anticipated to return from NBA 2K, the Grand Theft Auto sequence, Toon Blast, Colour Block Jam, Match Manufacturing facility, Empires & Puzzles, Phrases With Pals, the Crimson Lifeless Redemption sequence, and Zynga Poker. Recurrent client spending is projected to extend by approx. 7%, assuming robust double-digit development for NBA 2K, flat outcomes for cellular, and a modest decline for Grand Theft Auto On-line.
For fiscal yr 2026, the corporate expects income of $5.95-6.05 billion and loss per share of $2.79-2.45. Web bookings are anticipated to be $5.90-6.00 billion, representing 5% development over fiscal yr 2025 on the midpoint.
The biggest contributions to bookings are anticipated from NBA 2K, the Grand Theft Auto sequence, Toon Blast, Borderlands 4, Match Manufacturing facility, Empires & Puzzles, Phrases With Pals, the Crimson Lifeless Redemption sequence, and Zynga Poker. Recurrent client spending is anticipated to be flat in comparison with FY2025.
