Shares of Take-Two Interactive Software program, Inc. (NASDAQ: TTWO) soared 14% on Friday. The corporate delivered combined outcomes for the third quarter of 2025, as income got here beneath estimates whereas loss per share was narrower than anticipated. It additionally revised its outlook for fiscal yr 2025 and now expects a narrower loss per share for the interval.
Q3 numbers
Take-Two’s internet income dropped barely to $1.36 billion in Q3 2025 from $1.37 billion in the identical interval a yr in the past, and fell wanting estimates. Web loss per share was $0.71 versus $0.54 final yr, however was narrower than the consensus goal.
Enterprise efficiency
In Q3 2025, internet bookings grew 3% year-over-year to $1.37 billion. Recurrent shopper spending, which incorporates digital foreign money, add-on content material, and in-game purchases, elevated 5%. Web bookings from recurrent shopper spending grew 9%. Web bookings had been primarily pushed by NBA 2K25, the Grand Theft Auto and Purple Useless Redemption franchises, and cellular titles from Zynga.
The sturdy efficiency of NBA 2K helped offset softness in among the firm’s cellular franchises throughout the third quarter. TTWO anticipates power in NBA 2K and softness in cellular to proceed throughout the fourth quarter of 2025.
NBA 2K25 delivered a robust efficiency in Q3 2025. To-date, the title has sold-in over 7 million models. It noticed a progress of over 30% in recurrent shopper spending together with a progress of practically 20% in each day energetic customers and practically 10% in month-to-month energetic customers.
Recurrent shopper spending in cellular elevated mid-single-digits. Whereas Toon Blast, Toy Blast and Match Manufacturing unit delivered beneficial properties throughout the quarter, Empires & Puzzles carried out beneath expectations. Though the efficiency of cellular was decrease than anticipated, TTWO stays optimistic about Zynga’s pipeline of latest titles.
Outlook
For fiscal yr 2025, Take-Two expects internet income of $5.57-5.67 billion. It revised its outlook for loss per share to a spread of $4.50 to $4.17 from the earlier vary of $4.80 to $4.43. Web bookings are anticipated to be $5.55-5.65 billion, representing a YoY progress of 5%. Recurrent shopper spending is projected to develop 5%, with a low-double-digit progress in NBA 2K and a low-single-digit progress in cellular.
For the fourth quarter of 2025, income is anticipated to be $1.52-1.62 billion and internet bookings is anticipated to be $1.48-1.58 billion. Recurrent shopper spending is anticipated to extend by approx. 3%, with a high-teens share improve for NBA 2K, partly offset by declines in cellular and GTA On-line.
