Take-Two Interactive, the developer behind the Grand Theft Auto (GTA) series, recently reported its financial results for the first quarter of fiscal year 2025, ending June 30, 2024. The company recorded a net revenue of $1.34 billion, reflecting a 4% year-over-year increase. However, the net loss widened by 27.18% to $262 million, compared to $206 million in the same period last year.

The revenue growth was driven by the strong performance of titles such as “NBA 2K24,” “GTA Online,” “GTA V,” “Red Dead Redemption 2,” and others. Notably, “GTA V” has sold over 200 million copies, generating over $1 billion in retail sales, solidifying its status as a major revenue driver for Take-Two. The “GTA” series has now reached total sales of 430 million copies.
Despite the growth in revenue, Take-Two’s net bookings for the quarter totaled $1.22 billion, falling short of Wall Street’s expectation of $1.25 billion. Take-Two CEO Strauss Zelnick expressed confidence in the company’s future, noting the ongoing release of new games and content updates as key factors in maintaining strong performance. The company expects net bookings for the full year to be between $5.55 billion and $5.65 billion.


Take-Two also unveiled details of its upcoming games, highlighting what it describes as the “strongest product lineup in its history.” The company is optimistic about growth in net bookings for fiscal years 2026 and 2027, driven by future game releases. Among the highly anticipated titles is “Grand Theft Auto VI,” set to release in Fall 2025. The first trailer for GTA VI, released in December 2023, shattered multiple Guinness World Records, reflecting the immense anticipation from fans.
Analysts predict that GTA VI will be a significant growth driver for Take-Two over the next two fiscal years. Additionally, Take-Two has an extensive game development pipeline, with over 40 major video game projects expected to be in development by fiscal year 2027.