Okay, so let’s dive into this. Take-Two, this big US publishing deal, just shouted from the rooftops about a 17% hike in their net bookings for the first quarter. Pretty wild, right? They raked in $1.42 billion from April to June. Compare that to last year’s $1.22 billion. Not too shabby.
Here’s the kicker, recurrent consumer spending shot up by 17% and weirdly made up 83% of Take-Two’s net bookings. How did they pull this off? Well, these big hitter titles like Grand Theft Auto 5 and its Online realm, plus NBA 2K25—and don’t forget Red Dead Redemption 2 and its Online buddy—were up to their usual tricks. Oh, and let’s not even get started on their mobile games. Those little apps apparently did most of the heavy lifting. Who knew, right?
Anyway—wait, no. So yeah, Strauss Zelnick, the dude running the show at Take-Two, was all buzzwords to the shareholders. Something like, “Our first quarter rocked because people can’t get enough of what we’re selling,” plus some spiel about how they’re diversifying or whatever.
They’re hiking up their Fiscal Year 2026 Net Bookings outlook to somewhere between $6.05 and $6.15 billion. That’s thanks to this strong kickoff they got. They’re feeling all confident as they get ready to roll out this massive project pipeline, which, according to them, is historic. He seemed pretty sure they’re going to keep raking it in for the shareholders. Or at least that’s the gist.
I mean, at this point, it sounds like they’ve got a pretty grand strategy lined up. But hey, these guys never lack confidence, do they?
