NASDAQ$TTWO

Take Two Interactive Software Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Take-Two Interactive Software, Inc. reported solid results for the fiscal third quarter ended December 31, 2024, with Net Bookings within guidance range and operating results surpassing expectations.

Take-Two Interactive Software, Inc. announced its fiscal third quarter 2025 results, reporting $1.37 billion in Net Bookings, which was within the company's guidance range. Operating results exceeded expectations, primarily driven by strong performance in NBA 2K. The company also reiterated its fiscal year 2025 Net Bookings guidance of $5.55 billion to $5.65 billion.

  • Net Bookings for Q3 FY25 reached $1.37 billion, aligning with the company's guidance.
  • Operating results for the quarter surpassed expectations, largely due to strong performance from NBA 2K.
  • Recurrent consumer spending grew by 9% and accounted for 79% of total Net Bookings.
  • The company reaffirmed its fiscal year 2025 Net Bookings guidance of $5.55 billion to $5.65 billion.

Headline financials

Total Revenue

$1.36B

Previous: $1.37B-0.5%
EPS (adj)

-$0.71

Previous: -$0.54-31.5%
Recurrent Consumer Spending %

9.0%

No prior period
Net Bookings

$1.37B

No prior period
Capital Expenditures

-$115M

Previous: -$95.5M-20.7%
Net Income

-$125M

Previous: -$91.6M-36.7%
Operating Income

-$132M

Previous: -$130M-2.0%
Gross Profit

$760M

Previous: $678M+12.1%
R&D Expense

$234M

No prior period

Revenue & EPS history

Take-Two · Revenue · Quarterly

$1.36B

Q3 2025-0.5%vs Q3 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Take-Two · $1.68B total across 3 segments · Q4 2026

  • Mobile
    $844M+0.0%
  • Console
    $675M+0.0%
  • PC and other
    $161M+0.0%

Forward guidance

Take-Two is reiterating its fiscal year 2025 Net Bookings guidance and outlook for operating performance, with strong upcoming game releases expected to drive future growth.

Tailwinds

  • Reiterating fiscal year 2025 Net Bookings guidance of $5.55 billion to $5.65 billion.
  • Outlook for operating performance remains consistent with previous expectations.
  • Upcoming releases in calendar year 2025 include Sid Meier's Civilization VII, Mafia: The Old Country, Grand Theft Auto VI, and Borderlands 4.
  • Continued investment in development pipeline and confidence in Zynga's potential for new mobile franchises.
  • Expectation of sequential increases and record levels of Net Bookings in Fiscal 2026 and 2027.

Headwinds

  • Current mobile trends are expected to continue into the fourth quarter.
  • Some operating expenses are shifting into the fourth quarter.
  • Moderation experienced in several mobile franchises during Q3 FY25.
  • The outlook assumes a continuation of the current economic backdrop, which could be subject to change.
  • Player acquisition costs in the mobile business remain a factor affecting performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.5%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

60%

40 / 67 earnings

Positive

+15.9%

Q4 2015

Best reaction

-13.8%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.8%
Q3 2026-5.4%-3.4%-0.3%
Q2 2026-0.9%-4.8%-1.8%
Q1 2026-7.0%+4.3%+5.8%
Q4 2025-2.4%-2.4%-0.9%
Q3 2025+14.0%+14.3%+11.6%
Q2 2025+9.2%+9.4%+15.7%
Q1 2025+6.7%+6.8%+15.4%
Q4 2024-0.2%+2.3%+7.3%
Q3 2024-8.6%-9.5%-15.2%
Q2 2024+7.3%+10.1%+13.9%
Q1 2024-1.3%-0.7%+0.7%
Q4 2023+12.6%+10.6%+11.8%
Q3 2023+4.2%+1.7%+6.4%
Q2 2023-13.8%-5.8%-8.3%
Q1 2023-5.0%-3.2%-5.2%
Q4 2022+12.0%+5.6%+14.8%
Q3 2022-1.6%-2.0%-9.5%
Q2 2022+4.9%+0.7%-9.9%
Q1 2022-7.8%-8.7%-6.6%
Q4 2021+6.6%+9.6%+1.4%
Q3 2021-3.5%-3.7%-20.6%
Q2 2021+7.0%-5.4%+10.4%
Q1 2021+8.2%+6.7%+5.4%
Q4 2020-2.8%-1.2%+0.3%
Q3 2020-6.8%-6.9%-2.5%
Q2 2020+0.2%+2.0%+6.0%
Q1 2020+2.4%+5.9%+9.1%
Q4 2019+0.2%+3.2%+5.2%
Q3 2019-10.2%-12.9%-18.9%
Q2 2019-3.7%-11.8%-17.0%
Q4 2018+0.4%+2.2%+7.1%
Q3 2018-12.5%-7.1%-1.4%
Q2 2018+10.0%+8.1%-0.4%
Q1 2018+11.5%+13.2%+20.0%
Q4 2017+12.6%+11.6%+5.8%
Q3 2017-0.9%+6.8%+9.2%
Q2 2017+9.9%+12.8%+8.0%
Q1 2017+1.4%+1.5%+9.6%
Q4 2016+3.6%
Q3 2016+4.9%
Q2 2016+0.5%
Q1 2016-2.8%
Q4 2015+15.9%
Q3 2015-3.4%
Q2 2015+9.3%
Q1 2015-7.9%
Q4 2014-8.1%
Q3 2014-11.1%
Q2 2014-3.1%
Q1 2014+3.4%
Q4 2013+0.6%
Q3 2013+15.4%
Q2 2013+4.7%
Q1 2013-13.8%
Q4 2012+4.5%
Q3 2012+2.8%
Q2 2012-0.8%
Q1 2012-4.4%
Q4 2008+4.1%
Q3 2010+6.1%
Q3 2011+6.1%
Q4 2010+6.1%
Q2 2011+1.8%
Q4 2009+5.8%
Q3 2009+5.8%
Q1 2011+5.8%

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