Take-Two Interactive Software, Inc. reported its fiscal second-quarter 2025 results on November 6, 2024, for the period ended September 30, 2024. The company announced net bookings of $1.47 billion, surpassing Wall Street estimates of $1.43 billion, driven by strong performance from the 'Grand Theft Auto' and 'Borderlands' franchises, alongside healthy in-game purchases for mobile and console titles.
Despite the beat on second-quarter bookings and profit, Take-Two's forecast for third-quarter bookings fell below Wall Street expectations. The company reiterated its fiscal year 2025 net bookings guidance in the range of $5.55 billion to $5.65 billion, indicating a cautious outlook for the immediate future amidst an uncertain economic environment.
The GAAP net loss for the quarter was $365.5 million, or $2.08 per share. The mixed results, with strong actual performance but a conservative near-term forecast, present a complex picture for investors evaluating the company's short-term trajectory.
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