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Q3 2025 Earnings Release


Management Comments


Nine Months Ended December 31, 2024 Net Loss ($752.7 m) / 2023 ($841.2 m)


Nine Months Ended December 31, 2024 Net Revenue (Mobile 54%, Console 37%, PC and Other 9%)


Twelve Months Ended March 31, 2024 Net Loss ($3,744.2 m) / 2023 Net Loss ($1,124.7 m)

 

[RetroGamingUK]

“What crash?”

After releasing Civ VI in that state I have no sympathies

 

[cormack12]

How the fuck are they losing money

 

[Spyxos]

How the fuck are they losing money

Gta6 is expensive.

 

[Da1337Vinci]

Damn I mean there is significant signs of stagnation regards to western games publisher but even take-two.

 

[lh032]

what the actual fuck?

they sell alot of gta 5 every month, with gta online and they still lose money?!

 

[Three]

But people told me PC is the saving grace and consoles are dying. What a saving grace 9% with "others" is!

what the actual fuck?

they sell alot of gta 5 every month, with gta online and they still lose money?!

They have the expensive developers. Their saving gra e is going to be GTA6.

 

[panda-zebra]

“Looking ahead, this calendar year is shaping up to be one of the strongest ever for Take-Two, as we plan to launch Sid Meier’sCivilization VII on February 11th, Mafia: The Old Country in the Summer, Grand Theft Auto VI in the Fall, and Borderlands 4. Wecontinue to invest prudently in our development pipeline and remain confident in Zynga’s potential to create new mobile foreverfranchises as demonstrated by their ongoing success with Match Factory. As we continue to deliver hits, we remain highlyconfident that we will achieve sequential increases in, and record levels of, Net Bookings in Fiscal 2026 and 2027.”

 

[GHG]

How the fuck are they losing money

what the actual fuck?

they sell alot of gta 5 every month, with gta online and they still lose money?!

They are at the transition phase of the product cycle.

GTA5 revenue is no longer covering all the capex necessary for GTA6.

 

[Hugare]

750m loss will look like pocket change once GTA VI launches, so I doubt that they are sweating

 

[LectureMaster]

PC and Other 9%​

 

[Magic Carpet]

Any Bioshock news?

edit-wait that's 2k not take 2.

 

[GHG]

Rare victory for James Sawyer Ford

 

[Ebrietas]

PC continues to carry the industry.

 

[Self_Destructive]

But people told me PC is the saving grace and consoles are dying. What a saving grace 9% with "others" is!

Well, if you look, it's up from 8% the year before... Mobile is also up.. the only ones down are consoles. So yes, consoles are dying.

 

[Hudo]

How the fuck are they losing money

Because the whole fucking company is being hard carried by GTA and GTA 6 is taking 10+ years.

 

[Gaiff]

Delusional fanboys: Lololol PC gamers only buy GAAS trash

Also delusional fanboys: Consoles carry a bunch of sports game and 10-year-old GAAS

Rare victory for James Sawyer Ford

Considering his campaign against GAAS, I wouldn’t say so.

 

[Parazels]

PC and Other 9%

I wouldn't be surprised, if there were
1% of pc-minorities and 8% of others!

 

[Mortisfacio]

NBA 2K24 and NBA 2K23, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, Empires & Puzzles, our hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, WWE 2K24, Match Factory!, and Words With Friends.

No wonder this is largely console/mobile. PC Gamers don't touch that garbage.

 

[Holammer]

Console gamers keep Take 2 afloat with Shark cash card purchases.

 

[Schmendrick]

well, now we know who take two is getting all their MTX money from.

 

[namenotfound]

Good ol' GTA and every other NBA game usually sucking keeping the lights on at 2k

 

[Firestartah]

But people told me PC is the saving grace and consoles are dying. What a saving grace 9% with "others" is!


They have the expensive developers. Their saving gra e is going to be GTA6.

Lil bro, GTA6 isnt even announced for PC. Rockstar still lives in the mid 00s, the fuck do you want take-two to sell on PC, NBA games?
Ask Capcom about PC, lil bro.

 

[Gaiff]

But people told me PC is the saving grace and consoles are dying. What a saving grace 9% with "others" is!


They have the expensive developers. Their saving gra e is going to be GTA6.

People also keep saying PC gamers are the ones buying GAAS. Turns out it’s not them encouraging ripping off their customers.

No wonder Sony is putting all their eggs in the GAAS basket when it’s so damn lucrative. Thank the morons spending all that cash on mtx.

 

[JayK47]

How do they lose money? DEI is expensive. And so are hookers and cocaine.

 

[Leviathicus]

9% is extremely low for a platform that seems to be pushed so hard everywhere and has such a vocal community. I was honestly expecting much more parity between consoles and PC.

 

[James Sawyer Ford]

Rare victory for James Sawyer Ford

Not rare at all, captain. I continue winning

 

[bitbydeath]

PC has always sold a fraction of console sales.

 

[Firestartah]

9% is extremely low for a platform that seems to be pushed so hard everywhere and has such a vocal community. I was honestly expecting much more parity between consoles and PC.

Let me know what games should PC players buy from take-two that will answer your questions. the fuck do these people even put out ??? Bioshock new is missing in action since 2019 when it was announced, RDR2 came out 5-6years ago and still sells well on steam, it almost had 100k ccu during last sale, last borderlands was literally 6 years ago. Tell me what game should PC gamers buy from Take-Two? NBA shit ??

Not our problem this publisher is retarded.

 

[Zacfoldor]

Quick, somebody write a letter asking them why they don't launch day and date on PC for GTAVI.

Unless of course you already know why.

Quick I heard a new f2p gaas just dropped. Gotta hop on discord and check that shit out.

 

[Leviathicus]

Let me know what games should PC players buy from take-two that will answer your questions. the fuck do these people even put out ??? Bioshock new is missing in action since 2019 when it was announced, RDR2 came out 5-6years ago and still sells well on steam, it almost had 100k ccu during last sale, last borderlands was literally 6 years ago. Tell me what game should PC gamers buy from Take-Two? NBA shit ??

Not our problem this publisher is retarded.

Then what are console players buying so much? they represent almost half of their profits and PC just 8% on the same time period.

 

[Hero of Spielberg]

Well, if you look, it's up from 8% the year before... Mobile is also up.. the only ones down are consoles. So yes, consoles are dying.

PCMR claps back!

 

[viveks86]

They are at the transition phase of the product cycle.

GTA5 revenue is no longer covering all the capex necessary for GTA6.

This. Their revenue is about the same, but operating expense has gone up by more than 2 billion in 1 year.

Question is, did all that go towards GTA 6? How much would they have spent by the time the game is out???

 

[ReBurn]

750m loss will look like pocket change once GTA VI launches, so I doubt that they are sweating

Having over 1.2 billion in cash on hand helps ease the pain.

 

[ANoa]

Then what are console players buying so much? they represent almost half of their profits and PC just 8% on the same time period.

shark cards

 

[poppabk]

Let me know what games should PC players buy from take-two that will answer your questions. the fuck do these people even put out ??? Bioshock new is missing in action since 2019 when it was announced, RDR2 came out 5-6years ago and still sells well on steam, it almost had 100k ccu during last sale, last borderlands was literally 6 years ago. Tell me what game should PC gamers buy from Take-Two? NBA shit ??

Not our problem this publisher is retarded.

$50, 15 year old port of Red Dead Redemption obviously.
Take Two has actively pursued consoles at the expense of PC and its showing right now. Of course GTA VI will probably replenish the coffers.

 

[Firestartah]

Then what are console players buying so much? they represent almost half of their profits and PC just 8% on the same time period.

prolly shit from gta 5 online, miss me with that gaas shit

 

[Gaiff]

Not rare at all, captain. I continue winning

NBA 2K24 and NBA 2K23, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, Empires & Puzzles, our hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, WWE 2K24, Match Factory!, and Words With Friends.

Pc gamers enjoy their gaming induced GaaS diabetes

 

[poppabk]

Then what are console players buying so much? they represent almost half of their profits and PC just 8% on the same time period.

Nothing good.

 

[Thick Thighs Save Lives]

So about the console-PC revenue split, this isn’t surprising since both NBA 2K and GTA Online are huge on consoles. The same thing applies to EA with their annual sports releases (EA FC, Madden), and on top of that, they’ve also had College Football, which is exclusive to PS5 and XBS and brought in a ton revenue for them since it released last year.

https://s204.q4cdn.com/701424631/files/doc_financials/2025/q3/Q3-FY25-Earnings-Slides-FINAL.pdf

 

[jm89]

So about the console-PC revenue split, this isn’t surprising since both NBA 2K and GTA Online are huge on consoles. The same thing applies to EA with their annual sports releases (EA FC, Madden), and on top of that, they’ve also had College Football, which is exclusive to PS5 and Xbox Series X and has brought in a ton revenue for them.

https://s204.q4cdn.com/701424631/files/doc_financials/2025/q3/Q3-FY25-Earnings-Slides-FINAL.pdf

Amphere also said PS4 still has the most users in GTA online. Suffice to say GTA6 will move ps5s.

 

[FoxMcChief]

Does that mean that Xbox could have had more sales than PC?

 

[Gaiff]

Does that mean that Xbox could have had more sales than PC?

According to GAF, consoles are destroying the industry with those practices. Be happy PC gamers aren’t buying this.

 

[Mortisfacio]

Does that mean that Xbox could have had more sales than PC?

Potentially. Most the revenue is the annual sports release and mobile game. PC gamers don't buy that slop.

 

[FreeY$L]

People also keep saying PC gamers are the ones buying GAAS. Turns out it’s not them encouraging ripping off their customers.

No wonder Sony is putting all their eggs in the GAAS basket when it’s so damn lucrative. Thank the morons spending all that cash on mtx.

It started with morons buying knives on csgo and hats on team fortress 2

 

[Gaiff]

It started with morons buying knives on csgo and hats on team fortress 2

Nah, it started with morons buying horse armors in Oblivion and gun skins in Gears.

 

[FoxMcChief]

Nah, it started with morons buying horse armors in Oblivion and gun skins in Gears.

You’re welcome. I wonder if horse armor will be DLC for the remake as well. If so…..

 

[Buggy Loop]

What are even their recent games?

 

[LordOcidax]

Nothing new… Take Two tends to lose money.

 

[Yoshichan]

How can the pre-market for Take Two increase by 6 fucking % after this news?