Take-Two Interactive (TTWO) reported fiscal fourth-quarter revenue that topped analysts’ expectations, but the gaming company’s net loss and forecast disappointed.
The parent of popular video-game studios Rockstar Games and 2K reported revenue of $1.58 billion, up 13% year-over-year and above the analyst consensus from Visible Alpha. Net bookings climbed 17% to $1.58 billion, which also topped estimates.
Take-Two told investors to expect full-year revenue of $5.95 billion to $6.05 billion, along with a net loss of $439 million to $499 million. Wall Street was looking for revenue of $7.72 billion and earnings of $165 million, according to Visible Alpha.
The news comse two weeks after Take-Two announced Rockstar’s hotly anticipated Grand Theft Auto VI game would be delayed until May 2026. That initially sent shares lower, although the release of a trailer for the game on May 6 helped renew investor optimism.
CEO Strauss Zelnick said the company’s upcoming lineup of games, including Grand Theft Auto VI, will “establish a new baseline for our business and set us on a path of enhanced profitability.”
Take-Two’s net loss was $3.73 billion, or $21.08 per share, wider than the $2.9 billion, or $17.02 per share, it reported in the year-ago quarter. Take-Two said the loss was due in part of a $3.55 billion goodwill impairment charge.
Take-Two shares declined about 3% in after-hours trading. The stock is up 26% for 2025 through Thursday’s close.
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