US publishing giant Take-Two has announced a remarkable 17 percent increase in its net bookings for the first quarter of its financial year. The company reported earnings of .42 billion for the three months ending June 30, a notable rise from last year’s .22 billion.
Strong Performance Driven by Core Franchises
This impressive growth can be attributed to a surge in recurrent consumer spending, which also rose by 17 percent, making up 83 percent of Take-Two’s net bookings during this period. Key contributors to this success include popular titles such as Grand Theft Auto 5 and its Online mode, alongside NBA 2K25, Red Dead Redemption 2, and Red Dead Online. Additionally, Take-Two’s portfolio of mobile games played a significant role in driving revenue, showcasing their effectiveness in capturing consumer interest.
Take-Two’s CEO and chair, Strauss Zelnick, expressed optimism about the company’s trajectory, stating, “Our outstanding first quarter results reflect ongoing demand for our core franchises and the increasingly diversified, successful nature of our business.”
In light of this strong performance, the company has adjusted its Fiscal Year 2026 Net Bookings outlook, now projecting between .05 billion and .15 billion. Zelnick emphasized the company’s confidence as they approach the release of what he described as “the most ambitious pipeline in our company’s history,” reinforcing their commitment to delivering substantial returns to shareholders over the coming years.
