Take-Two Reports Mixed Q4 Results, GTA 6 Delay Widens Net Loss

Take-Two Interactive reported fiscal fourth-quarter revenue of $1.58 billion, a 13% increase year-over-year, surpassing analysts' expectations despite a wider net loss of $3.73 billion largely due to a $3.55 billion goodwill impairment charge. The company’s net bookings also rose 17%, driven by strong performances from titles like NBA 2K25, Grand Theft Auto Online, and Civilization VII. However, Take-Two's full-year revenue guidance of $5.95 billion to $6.05 billion and a net loss forecast disappointed Wall Street, primarily impacted by the delayed release of Grand Theft Auto VI, now scheduled for May 26, 2026. CEO Strauss Zelnick emphasized that the delay was a strategic decision to allow Rockstar Games more time to polish the game, which he believes will be a worthwhile investment and help establish a new baseline for profitability. Despite the delay, the GTA VI trailer garnered significant attention, with 475 million views within 24 hours, indicating high anticipation. The company expects the upcoming game lineup, including GTA VI, to drive future growth and improved financial performance.