Take-Two's Q2 Net Bookings Surpass Expectations, Reaching $1.96 Billion

Take-Two Interactive has released its Q2 financial results, showcasing significant revenue and net bookings growth. However, the announcement was overshadowed by the news of Grand Theft Auto 6's second delay, with a new launch date set for November 19, 2026, to ensure a polished gaming experience. Key financial highlights for the quarter ending September 30, 2025, include a net revenue of $1.77 billion, a 31% year-on-year increase, and a net loss of $133.9 million. Total net bookings reached $1.96 billion, a 33% year-on-year increase, with recurrent consumer spending rising by 20% and accounting for 73% of total revenue. Take-Two CEO Strauss Zelnick attributed the success to the launches of NBA 2K26, Mafia: The Old Country, and several mobile titles, which offset the challenges faced by Borderlands 4. The company's mobile segment saw significant growth, with a 46% revenue share, driven by the success of Toon Blast and Match Factory. The delay of GTA 6 was addressed by Zelnick, who expressed confidence in Rockstar's new launch date and emphasized the importance of delivering a high-quality gaming experience. Take-Two has revised its net bookings outlook for the full financial year, expecting between $6.4 billion and $6.5 billion, representing a 14% growth.