Take-Two Interactive

Take-Two Interactive (TTWO) Q4 2025 Earnings

Reported May 15, 2025 at 4:09 PM ET · SEC Source

Q4 25 EPS

$-21.08

MISS 42,920.41%

Est. $-0.05

Q4 25 Revenue

$1.58B

BEAT +1.82%

Est. $1.55B

vs S&P Since Q4 25

-19.1%

TRAILING MARKET

TTWO +7.9% vs S&P +27.1%

Full Year 2025 Results

FY 25 EPS

$-25.58

MISS 493.71%

Est. $-4.31

FY 25 Revenue

$5.63B

BEAT +0.21%

Est. $5.62B

Market Reaction

Did TTWO Beat Earnings? Q4 2025 Results

Take-Two Interactive's fiscal fourth quarter painted a tale of two realities: solid operational momentum buried beneath a staggering accounting charge. Revenue climbed 13.1% year-over-year to $1.58 billion, nudging past the $1.57 billion consensus by… Read more Take-Two Interactive's fiscal fourth quarter painted a tale of two realities: solid operational momentum buried beneath a staggering accounting charge. Revenue climbed 13.1% year-over-year to $1.58 billion, nudging past the $1.57 billion consensus by 0.76%, while Net Bookings surged 17% driven by NBA 2K25, Grand Theft Auto Online, and a resilient mobile portfolio including Toon Blast and Match Factory!. But the headline number that rattled investors was an EPS loss of $21.08 per share, a breathtaking miss against the $0.05 loss analysts had expected, owing to $3.55 billion in goodwill impairments and $176.30 million in intangible write-downs, the bulk tied to the Zynga acquisition. Strip away those non-cash charges, however, and Q4 EBITDA reached $161.00 million, a sharp recovery from negative $19.60 million a year ago. Looking ahead, management guided fiscal 2026 Net Bookings of $5.90 to $6.00 billion, with analysts already watching whether GTA VI can deliver the record results management is projecting for fiscal 2027.

Key Takeaways

  • NBA 2K25 was the largest contributor to Q4 Net Bookings
  • Grand Theft Auto Online and GTA V continued strong engagement
  • Civilization VII launch contributed meaningfully to Q4 results
  • Recurrent consumer spending grew 14% in Q4 and accounted for 77% of Net Bookings
  • Mobile gaming accounted for 48% of Q4 net revenue
  • Digital online distribution represented 96% of Q4 net revenue
  • Toon Blast, hyper-casual mobile portfolio, and Match Factory! contributed significantly
24/7 Wall St

TTWO YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

TTWO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 23 Q4 26
24/7 Wall St

TTWO Revenue by Geography

With YoY comparisons, source: SEC Filings

Q4 23 Q4 26

“We achieved outstanding results in our 2025 Fiscal Year, with each of our labels contributing meaningfully to our performance. Our Fiscal 2026 outlook reflects continuing positive momentum, with Net Bookings guidance of $5.9 to $6.0 billion. As we bring our exciting lineup to market, including Grand Theft Auto VI in Fiscal 2027, we expect to achieve record levels of Net Bookings that will establish a new baseline for our business and set us on a path of enhanced profitability.”

— Strauss Zelnick, Q4 2025 Earnings Press Release