:max_bytes(150000):strip_icc()/GettyImages-2074387950-58356d57dd504981b37c04831ed0ad01.jpg "‘Grand Theft Auto’ Maker Take-Two Interactive Stock Rises on Bookings")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2074387950-58356d57dd504981b37c04831ed0ad01.jpg)
Key Takeaways
- Take-Two Interactive Software beat first-quarter fiscal 2025 profit and sales estimates as net bookings increased.
- CEO Strauss Zelnick said the videogame maker sees sequential increases in net bookings in the fiscal years 2026 and 2027.
- The company did not report an exact release date for the much-anticipated “Grand Theft Auto VI” game, although it did say it would occur in “Fall 2025.”
Take-Two Interactive Software (TTWO) shares advanced Friday, a day after the videogame maker posted better-than-expected results and gave an optimistic outlook as net bookings increased.
The developer of the “Grand Theft Auto” series reported fiscal 2025 first-quarter adjusted earnings per share (EPS) of $0.05, with revenue rising 4.2% year-over-year to $1.34 billion. Both exceeded forecasts.
CEO Says Net Bookings To Increase Sequentially in Fiscal 2026, 2027
Net bookings gained 1.7% to $1.22 billion, and Chief Executive Officer (CEO) Strauss Zelnick said, “We expect to achieve sequential increases in Net Bookings in Fiscal 2026 and 2027.”
Zelnick noted that in the first quarter, the “Grand Theft Auto” franchise exceeded the company’s expectations, “as momentum continues to build ahead of the launch of ‘Grand Theft Auto VI’ in Fall 2025.” However, he did not give an update on exactly when the much-awaited version of the game will be released.
Take-Two anticipates full-year revenue in the range of $5.57 billion to $5.67 billion, with second-quarter net bookings of $1.42 billion to $1.47 billion.
Shares of Take-Two Interactive Software rose 3.2% to $143.25 as of 11:15 a.m. ET Friday but remain 11% lower for 2024.