Summary
Take-Two Interactive Software, Inc. (TTWO) reported its fiscal year results ending March 31, 2025, demonstrating revenue growth driven by strong performance in recurrent consumer spending and key franchises like NBA 2K and Sid Meier's Civilization. The company experienced a significant increase in net revenue, reaching $5,633.6 million, a 5.3% rise year-over-year. This growth was notably supported by mobile gaming, which now constitutes over half of the company's total net revenue, highlighting the success of titles such as Match Factory! and Toon Blast. Despite revenue growth, the company reported a substantial net loss of $4,478.9 million. This loss was heavily impacted by significant goodwill impairment charges of $3,545.2 million, primarily related to a reporting unit whose performance has declined due to industry conditions and strategic shifts. The company continues to invest heavily in research and development to maintain its competitive edge and is strategically positioned for future growth with upcoming releases, including Grand Theft Auto VI slated for May 2026.
Financial Highlights
54 data points| Revenue | $5.63B |
| Cost of Revenue | $2.57B |
| Gross Profit | $3.06B |
| Operating Expenses | $7.45B |
| Operating Income | -$4.39B |
| Interest Expense | $156.90M |
| Net Income | -$4.48B |
| EPS (Basic) | $-25.58 |
| EPS (Diluted) | $-25.58 |
| Shares Outstanding (Basic) | 175.10M |
Key Highlights
- 1Net revenue increased by 5.3% to $5.63 billion for the fiscal year ended March 31, 2025, driven by recurrent consumer spending and strong performance in key franchises.
- 2Mobile gaming revenue grew, now representing 52.2% of total net revenue, underscoring the company's successful expansion in this segment.
- 3The company reported a significant net loss of $4.48 billion, largely due to $3.55 billion in goodwill impairment charges.
- 4Recurrent consumer spending (RCS) grew to $4.47 billion, accounting for 79.4% of net revenue, demonstrating continued player engagement and monetization.
- 5The company's strategy includes robust investment in R&D, with $1.01 billion allocated for the fiscal year, indicating a commitment to developing new titles and maintaining franchise strength.
- 6The highly anticipated Grand Theft Auto VI is scheduled for release on May 26, 2026, a key event expected to significantly impact future financial performance.
- 7Digital online distribution remains the dominant channel, accounting for 96.4% of net revenue, reflecting the industry's shift towards digital content delivery.