Take-Two's fiscal 2025 net loss was $4.48 billion, including a $3.55 billion goodwill impairment, on revenue up 5.3% to $5.63 billion

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Take-Two Interactive reported a net loss of $4.48 billion for the fiscal year ended Mar 31, 2025, against a net loss of $3.74 billion a year earlier; the diluted loss per share was $25.58 against $22.01. Net revenue, the GAAP figure, was $5.63 billion, up 5.3% from $5.35 billion, and the operating loss was $4.39 billion, against $3.59 billion. The figures came from its annual report on Form 10-K, which a US-listed company files with the SEC, filed on May 20, 2025.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11

The loss included a goodwill impairment charge of $3.55 billion, a write-down of the value booked in past acquisitions, up 51.4% from $2.34 billion the year before. The company called it a partial impairment related to one of its reporting units and tied its impairments to a reduction in the forecasted performance of certain games, due to industry conditions and changes in its strategies. Its GAAP results also included $176.3 million of impairments of acquisition-related intangible assets, and some software development costs written down for title cancellations as part of a cost reduction program.12^,13^,14^,15^,16^,17^,18

Net Bookings, the company's own operating metric for the net amount of products and services sold in the period and a different measure from revenue, grew 6% to $5.65 billion, from $5.33 billion. The company attributed the increase to Match Factory, its Sid Meier's Civilization franchise (Civilization VII came out in February 2025), Toon Blast, its NBA 2K franchise and TopSpin 2K25 (an April 2024 release), and said lower Net Bookings from Empires & Puzzles, its Grand Theft Auto franchise, its hyper- and hybrid-casual mobile portfolio and LEGO 2K Drive (a May 2023 release) offset part of the increase. Net revenue rose mainly on Match Factory, which released in November 2023, Civilization and Toon Blast, partly offset by a decline in Grand Theft Auto. Grand Theft Auto products were 12.6% of net revenue in the fiscal year ended Mar 31, 2025, mobile was 52.2%, and recurrent consumer spending, which covers virtual currency, add-on content, in-game purchases and in-game advertising, was 79.4%. During fiscal year 2025, 2K released NBA 2K25, TopSpin 2K25, Sid Meier's Civilization VII, PGA TOUR 2K25 and WWE 2K25, and Zynga released Game of Thrones: Legends.19^,20^,21^,22^,23^,24^,25^,26^,27^,28

In its May 15, 2025 earnings release the company gave an initial fiscal 2026 outlook that included Net Bookings of $5.9 to $6.0 billion. On Jun 11, 2024 it completed the purchase of Gearbox from Embracer Group.29^,30^,31

Our records hold this filing's management discussion and notes, not its other exhibits. Our records keep one value for each period of an SEC filer, the latest filed, so they cannot tell whether the year-earlier figures were restated.32^,33