Take-Two Interactive Software reported that its bookings in the June quarter were $1.22 billion, showing no growth compared to the previous year. Take-Two stock is down 1.2% to $137 per share in after-hours trading.
The company mentioned that the bookings were in line with their expectations, and they have confidence in their future plans, which include the highly anticipated Grand Theft Auto VI scheduled for release in fall 2025.
Take-Two achieved solid first-quarter results by releasing new games and updates, all while focusing on efficiency. The company underwent layoffs and cost reductions to ensure efficiency, yet their core franchises remain strong and healthy.
CEO Strauss Zelnick expressed optimism for the future, with plans for sequential revenue growth in the upcoming fiscal years and expanding their game portfolio. He reiterated Take-Two’s net bookings outlook for the year and highlighted the company’s commitment to long-term shareholder value.
