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3d ago

Take-Two Delays Grand Theft Auto 6 to FY27 as FY25 Results Hit High-End of Guidance

The company cites the game's complexity and ambition as reasons for the delay while reporting $5.65 billion in net bookings and outlining a robust future release pipeline.

A promotion for the computer game "Grand Theft Auto Five" is show in a Game Stop gaming story in Encinitas, California September 17, 2013. REUTERS/Mike Blake/File Photo
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Overview

  • Take-Two Interactive reported $5.65 billion in FY25 net bookings, reaching the high end of its guidance, and a 5% year-over-year revenue increase to $5.63 billion.
  • Despite strong performance, the company posted a net loss of $4.48 billion due to impairment charges, up from a $3.74 billion loss in FY24.
  • Grand Theft Auto 6, originally slated for a Fall 2025 release, has been delayed to FY27 to ensure quality, with Take-Two calling the extra time a 'worthy investment.'
  • Recurrent consumer spending grew 7% for the fiscal year and 14% in Q4, driven by NBA 2K, GTA Online, and mobile games, highlighting strong player engagement.
  • Take-Two plans to release 13 titles in FY26 and approximately 38 titles by FY28, including highly anticipated games like Borderlands 4 and Mafia: The Old Country.