Take-Two Interactive released its third quarter results today, and it probably comes as no surprise. The company's revenue has increased, and its outlook is positive as it approaches a major launch. Grand Theft Auto VI.
Take-Two reported GAAP net income of $1.7 billion, up from $1.36 billion in the year-ago quarter. The company also reported a 23% increase in repeat consumer spending (long-time customers purchasing in-game currency and other in-game purchases).
“With ongoing momentum across many of our businesses and the anticipated launch of Grand Theft Auto VI on November 19, we continue to expect record levels of net bookings for fiscal 2027, which we believe will establish a new financial benchmark for our business, pave the way for improved profitability and provide further balance sheet strength and flexibility,” Take-Two Interactive CEO Strauss Zelnick said on the company's earnings call.
It's saying a lot to say that the company has a positive outlook on GTA 6 and expects the title to do very well. Additionally, Take-Two announced: Grand Theft Auto V It sold 225 million units.
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Grand Theft Auto V continues to make money.
“The Grand Theft Auto series also significantly exceeded our forecasts, with continued consumer spending growth reaching 27%, driven by the GTA Online: A Safehouse in the Hills update,” said Zelnick. According to the company, Grand Theft Auto Online We performed well during this period, recording 30% growth.
GTA V has sold 225 million copies since its release in 2013, solidifying its position as one of the best-selling games of all time. There's still a long way to go to fall behind in 3rd place. minecraft.
Mojang announced at its Minecraft Live event that 300 million copies had been sold in 2023, so it's safe to say it's sold a lot more since then.
But it's still impressive that GTA V is doing so well. GTA V has been released on most major consoles since the PlayStation 3 and Xbox 360 (except the Nintendo Switch). The Elder Scrolls V: SkyrimFor some perspective, it sold 60 million copies by 2023 using the same tactics.
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Profits increase only on take-two
In addition to the revenue figures, the company adjusted its outlook for fiscal 2026, which ends March 31, 2026.
“Our third quarter results were fantastic. All of our labels delivered excellent results, and we are pleased to once again raise our outlook for fiscal year as many of our core franchises continue to thrive. Fiscal 2026 is poised to be one of our strongest years in recent history,” Take-Two CFO Lainie Goldstein said on the call.
It's hard to disagree with her assessment. Take-Two has one of the most impressive collections of published games, including: Red Dead Redemption 2, words with friends, WWE 2K25and Borderlands 4.
Goldstein pointed to titles like NBA 2k, GTA, and mobile titles including: toon blast and Empires and Puzzles As an outstanding performer. She said the company expects net bookings to reach $6.65 billion to $6.7 billion for the fiscal year.
The company plans to release its fiscal 2027 outlook and fourth quarter performance in May.