Take-Two Interactive recently announced its financial results for the first quarter of fiscal year 2026 (ending June 30, 2025). Net Bookings increased 16% year-over-year to $1.42 billion, significantly exceeding the company's previously guided range of $1.25 billion to $1.3 billion. The company attributed the strong performance to "exceeding expectations for several mobile games" and the continued strong performance of Rockstar's Grand Theft Auto series.
Specific financial data: Q1 net revenue was $1.5 billion (a 12% year-over-year increase), with a net loss of $1.2 billion (compared to a net loss of $26.2 billion in the same period last year). Business highlights show that Rockstar Games benefited from the release of the second trailer for Grand Theft Auto VI (GTA 6) earlier in 2025 (over 475 million views) and the release of new content packs for GTA Online. This boosted player engagement and drove "above-expected" growth in recurring consumer spending, with new player accounts increasing by 50% year-over-year. Overall recurring consumer spending grew by 17%, significantly exceeding the 7% guidance, and accounted for 83% of the company's net bookings.
Take-Two Chairman and CEO Strauss Zelnick said, "Our excellent first quarter results reflect continued demand for our core franchises and the increasing diversification and success of our business. With the most ambitious product pipeline in our history approaching, we remain confident in our long-term prospects and our ability to generate strong returns for shareholders."
As for future expectations, Take-Two anticipates recurring consumer spending to grow approximately 4%, representing 76% of net bookings. Net bookings are expected to be split between Zynga (45%), 2K (39%), and Rockstar Games (16%). The company also expressed its delight with the positive momentum and eagerly anticipated the releases of "Mafia: Hometown", "NBA 2K26" and "Borderlands 4" this quarter. It is confident in its long-term product pipeline and expects to achieve record Net Bookings in fiscal 2027, establishing a higher benchmark for the business and improving profitability.