Summary by Futu AI
On November 6, 2024, Take-Two Interactive Software, Inc. released its financial results for the second fiscal quarter ending September 30, 2024. The company reported net bookings of $1.47 billion, a slight increase from the previous year's $1.44 billion, with significant contributions from the Grand Theft Auto and Borderlands franchises. The net revenue also saw an increase to $1.35 billion, up from $1.30 billion in the same quarter of the previous year. Despite these increases, the company experienced a net loss of $365.5 million, or $2.08 per share, which is an improvement from the prior year's net loss of $543.6 million, or $3.20 per share. Take-Two reiterated its fiscal year 2025 net bookings guidance of $5.55 to $5.65 billion and expressed confidence in achieving record levels of net bookings in fiscal years 2026 and 2027, with the anticipation of new title releases including Grand Theft Auto VI. The company's stock is traded on the NASDAQ under the symbol TTWO.