Summary by Moomoo AI
Take-Two Interactive reported Q1 fiscal 2025 Net Bookings of $1.22 billion, in line with guidance and up 1% YoY. Net revenue increased 4% to $1.34 billion, with recurrent consumer spending accounting for 82% of total revenue. The company posted a GAAP net loss of $262 million, compared to a $206 million loss in the prior year.The largest revenue contributors were NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, and the company's mobile portfolio. Digital revenue represented 97% of total net revenue, while mobile platforms generated 54% of revenue. Management remains confident in the company's trajectory, maintaining its full-year Net Bookings outlook of $5.55-5.65 billion.Looking ahead, Take-Two expects sequential Net Bookings growth in fiscal 2026 and 2027, driven by its core franchises and development pipeline. Key upcoming releases include NBA 2K25 in September 2024 and Grand Theft Auto VI in Fall 2025.