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Shares of Take-Two Interactive Software program, Inc. (NASDAQ: TTWO) soared 14% on Friday. The corporate delivered blended 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 12 months 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 12 months in the past, and fell wanting estimates. Web loss per share was $0.71 versus $0.54 final 12 months, 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 Crimson Lifeless Redemption franchises, and cell titles from Zynga.
The strong efficiency of NBA 2K helped offset softness in among the firm’s cell franchises through the third quarter. TTWO anticipates energy in NBA 2K and softness in cell to proceed through the fourth quarter of 2025.
NBA 2K25 delivered a robust efficiency in Q3 2025. To-date, the title has sold-in over 7 million items. It noticed a development of over 30% in recurrent shopper spending together with a development of almost 20% in every day energetic customers and almost 10% in month-to-month energetic customers.
Recurrent shopper spending in cell elevated mid-single-digits. Whereas Toon Blast, Toy Blast and Match Manufacturing facility delivered features through the quarter, Empires & Puzzles carried out beneath expectations. Though the efficiency of cell was decrease than anticipated, TTWO stays optimistic about Zynga’s pipeline of latest titles.
Outlook
For fiscal 12 months 2025, Take-Two expects internet income of $5.57-5.67 billion. It revised its outlook for loss per share to a variety 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 development of 5%. Recurrent shopper spending is projected to develop 5%, with a low-double-digit development in NBA 2K and a low-single-digit development in cell.
For the fourth quarter of 2025, income is predicted to be $1.52-1.62 billion and internet bookings is predicted to be $1.48-1.58 billion. Recurrent shopper spending is predicted to extend by approx. 3%, with a high-teens share improve for NBA 2K, partly offset by declines in cell and GTA On-line.
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