Take-Two Interactive Software (TTWO) reported solid financial results for the fiscal third quarter ended December 31, 2024, driven by strong performance across its key game franchises like NBA 2K, Grand Theft Auto, and mobile titles.

The video game publisher reported net revenue of $1.36 billion for the quarter, up 3% year-over-year, with net bookings rising 2.7% to $1.37 billion. The company's net loss narrowed to $125.2 million, or $0.71 per share, from $91.6 million, or $0.54 per share, in the prior year period.

Take-Two's performance was driven by continued demand for its blockbuster titles like NBA 2K25, Grand Theft Auto Online, and mobile games like Toon Blast, Match Factory!, and its hyper-casual portfolio. Recurrent consumer spending, which includes virtual currency, add-on content, and in-game purchases, grew 9% year-over-year and accounted for 79% of total net bookings.

Looking ahead, Take-Two raised its guidance for fiscal year 2025, reiterating its expectation for net bookings between $5.55 billion and $5.65 billion. The company cited a strong pipeline of upcoming releases, including highly anticipated titles like Sid Meier's Civilization VII, Grand Theft Auto VI, and Borderlands 4 scheduled for launch in calendar 2025.

Strauss Zelnick, Chairman and CEO of Take-Two, expressed confidence in the company's outlook, stating, "As we continue to deliver hits, we remain highly confident that we will achieve sequential increases in, and record levels of, Net Bookings in Fiscal 2026 and 2027."