Shares of Take-Two Interactive Software program, Inc. (NASDAQ: TTWO) soared 14% on Friday. The corporate delivered combined 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 yr 2025 and now expects a narrower loss per share for the interval.
Q3 numbers
Take-Two’s web income dropped barely to $1.36 billion in Q3 2025 from $1.37 billion in the identical interval a yr in the past, and fell wanting estimates. Internet loss per share was $0.71 versus $0.54 final yr, however was narrower than the consensus goal.
Enterprise efficiency
In Q3 2025, web bookings grew 3% year-over-year to $1.37 billion. Recurrent client spending, which incorporates digital foreign money, add-on content material, and in-game purchases, elevated 5%. Internet bookings from recurrent client spending grew 9%. Internet bookings have been primarily pushed by NBA 2K25, the Grand Theft Auto and Crimson Useless Redemption franchises, and cell titles from Zynga.
The sturdy efficiency of NBA 2K helped offset softness in a few of 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 client spending together with a development of practically 20% in every day lively customers and practically 10% in month-to-month lively customers.
Recurrent client spending in cell elevated mid-single-digits. Whereas Toon Blast, Toy Blast and Match Manufacturing unit delivered beneficial properties 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 yr 2025, Take-Two expects web income of $5.57-5.67 billion. It revised its outlook for loss per share to a spread of $4.50 to $4.17 from the earlier vary of $4.80 to $4.43. Internet bookings are anticipated to be $5.55-5.65 billion, representing a YoY development of 5%. Recurrent client 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 anticipated to be $1.52-1.62 billion and web bookings is anticipated to be $1.48-1.58 billion. Recurrent client spending is anticipated to extend by approx. 3%, with a high-teens proportion improve for NBA 2K, partly offset by declines in cell and GTA On-line.
