Take-Two Interactive released its second quarter financial results, reporting significant increases in revenue and net bookings.
However, his latest report was overshadowed by the news that Grand Theft Auto 6 delayed for the second time.
The long-awaited game is now scheduled to launch on November 19, 2026, to allow “additional time to finish the game to the high standard that players expect and deserve.”
Here's what you need to know:
Numbers
For the three months ended September 30, 2025
- Net income: $1.77 billion (up 31% year-on-year)
- Net loss: $133.9 million (compared to a loss of $365.5 million in the prior-year quarter)
- Total net bookings: $1.96 billion (up 33% year-on-year)
Highlights
During the earnings call (via Looking for AlphaTake-Two CEO Strauss Zelnick said net orders “significantly exceeded expectations,” up 33% to $1.96 billion.
This represents Take-Two's “best second quarter for net bookings” in history, which also saw a 20% increase in recurring consumer spending (RCS), which accounted for 73% of total revenue.
Zelnick noted that the successful launches of NBA 2K26, Mafia: The Old Country and several mobile games “more than make up for” the problems Borderlands 4 faced during its initial launch.
The CEO said the release “was a little softer than [it] I'd like to” due to “optimization and performance issues on PC.”
“Looking back, we feel like there are things we could have done better, and we intend to do them better in the future,” Zelnick explained. “We think that over time, sales of this game will be very stable and economic results will be in line with our expectations.”
Take-Two saw great success in its mobile segment during the quarter, which accounted for 46% of revenue compared to 15% of Rockstar's revenue.
Talking to GamesIndustry.biz, Zelnick said mobile is “a very important part of the business.” which is “growing faster than the console and PC business segments.”
This includes successes from Toon Blast, which grew 26% year-on-year, and Match Factory, which achieved “record sales” in the second quarter, up 20% year-on-year.
Mobile app developer Rollic has surpassed 3.8 billion lifetime downloads and set a new record for most orders, while the CSR Racing franchise has reached $1 billion in in-game spending.
The main topic of Take-Two's latest results was, of course, the delay of GTA 6.
GTA 6 was originally announced in December 2023 and will be released in 2025. Earlier this year Rockstar has delayed the game's release until May 26, 2026..
In response to the second delay, Zelnick told us he's “confident” about Rockstar's new launch date.
“We're very committed to delivering the most outstanding interactive entertainment ever created, Rockstar and I are aligned on that and we love it,” he said.
“As you know, sometimes our entire company, including 2K and our mobile business, sometimes needs more time to polish a game to ensure it ships in the best shape possible. And, of course, it will be released in the same financial year as the previous date.”
Zelnick elaborated on this issue in Take-Two's earnings call, saying the publisher “has never regretted pushing back the launch date 'retrospectively'.”
“The driving force is the desire to provide the best possible entertainment experience possible and to try to meet the extraordinary expectations of consumers and then exceed those expectations,” he explained.
“When we change the date, it’s always painful. We've done this from time to time in the past and have never regretted it in retrospect. I would like to point out that we have competitors that required more work and a date shift, they chose not to move the date, and did so at their own risk.”
Looking ahead, Take-Two raised its net orders guidance for the full fiscal year following “outperforming performance and higher expectations for many companies.” [its] major franchises.”
He now expects between $6.4 billion and $6.5 billion, representing an increase of 14%.
“We are very confident in our long-term prospects and expect to achieve record levels of net bookings in fiscal 2027, which we believe will set a new foundation for our business and set us on a path to increased profitability,” Zelnick concluded.
This article has been amended to correct the GTA 6 release date from November 26th to November 19th.
