Take-Two Interactive Reports Strong Q3 Results and Raises Outlook Ahead of GTA VI Launch
Take-Two Interactive Software reported strong financial results for its fiscal third quarter ending December 31, 2025. Net bookings were $1.76 billion, a 28% increase from the same period last year, exceeding company guidance.
The company posted sales of $1.7 billion, marking a 25% year-over-year growth. Quarterly losses narrowed to $92.9 million, or 50 cents per share, compared to a loss of $125.2 million, or 71 cents per share, a year earlier.
Take-Two also raised its full-year financial outlook, citing strong sales across its popular sports, action, and mobile games. The company reaffirmed that the highly anticipated 'Grand Theft Auto VI' remains scheduled for release in November 2026.
Despite the positive results and higher forecasts, Take-Two shares fell over 3% after the announcement. The company continues to rely significantly on live service games for ongoing funding and maintains a strong cash position of $2.16 billion.
Net bookings refer to the total amount of products and services sold digitally or physically during a period, separate from revenue recognized for accounting purposes. They show the demand for a company's products.
Stocks can move for many reasons. In this case, even though Take-Two beat expectations and raised its outlook, investor expectations or other factors may have led to a decline in the stock price.
'Grand Theft Auto VI' is still planned for a November 2026 release according to the company's latest announcement.
Take-Two still reported a loss for the quarter, but the loss was smaller than it was a year ago.
Business Wire
Reuters
WSJ
Benzinga
Investors Business Daily
Seeking Alpha
Proactive Investors
Zacks Investment Research