Take-Two's December-quarter revenue rises 24.9% to $1.7 billion, and it reports a $92.9 million net loss

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Take-Two Interactive filed its quarterly report on Form 10-Q, the quarterly financial report a US-listed company gives the SEC, on Feb 4, 2026, for the quarter ended Dec 31, 2025, the third quarter of its fiscal year 2026. Net revenue was $1.7 billion, up 24.9% from $1.36 billion in the same quarter a year earlier. The operating loss was $38.7 million, against $132.1 million a year earlier, and the net loss was $92.9 million, against $125.2 million, a loss of $0.50 a share against $0.71.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Net bookings, a key operating metric of the company, grew 28% to $1.76 billion from $1.37 billion, the release says. They count the net amount of products and services sold in the period, and the 10-Q says the quarter with the highest net bookings can differ from the quarter with the highest net revenue. The release said the company then expected net bookings for fiscal 2026 to range from $6.65 to $6.7 billion.14^,15^,16^,17

The 10-Q says the revenue increase was driven mainly by higher net revenue from the NBA 2K franchise, Color Block Jam, which released in November 2024, the Grand Theft Auto franchise, Toon Blast and the Red Dead Redemption franchise. By platform, mobile net revenue was $865.8 million, up 18.3%, console was $652.1 million, up 28.4%, and PC and other was $181.1 million, up 50.5%. The 10-Q credits console growth mainly to NBA 2K and Borderlands, whose latest installment, Borderlands 4, released in September 2025, and PC and other growth mainly to Grand Theft Auto and Borderlands. Recurrent consumer spending, which covers virtual currency, add-on content, in-game purchases and in-game advertising, accounted for 76.8% of net revenue, against 80.0% a year earlier.18^,19^,20^,21^,22^,23^,24^,25^,26^,27^,28

Gross profit was 55.6% of net revenue, against 55.9%; the 10-Q ties the decrease mainly to higher amortization of capitalized software and development costs and higher internal royalties, partly offset by lower amortization of intangible assets after prior-year impairments. Selling and marketing expenses rose 11.4%, mainly on marketing for Color Block Jam and Grand Theft Auto and higher performance-based pay, while research and development rose 17.4% and general and administrative 15.3%. Take-Two booked an income tax provision against a benefit a year earlier, and the 10-Q says the change in its effective tax rate is mainly driven by higher tax expense from changes in the U.S. and international valuation allowance.29^,30^,31^,32^,33^,34

The 10-Q says Rockstar Games announced that Grand Theft Auto VI is planned for release on Nov 19, 2026, in Take-Two's fiscal year 2027. Grand Theft Auto products generated 12.4% of net revenue in the nine months ended Dec 31, 2025. In the release, chairman and chief executive Strauss Zelnick said the company continued to project record levels of net bookings in fiscal 2027.35^,36^,37^,38

Our records hold the text of this filing's management discussion and analysis (38 subsections) and nothing else of it; the franchise drivers above are the company's own account in that discussion.39