Take-Two Interactive reported Q3 FY2025 net revenue of $1.36 billion, relatively flat compared to $1.37 billion in the prior year period. Mobile revenue grew 3.5% to $731.6 million, representing 53.8% of total revenue, while console revenue declined 7.3% to $507.9 million. Recurrent consumer spending increased 5.1% to $1.09 billion, accounting for 80% of total revenue.The company's gross profit margin improved to 55.9% from 49.7% year-over-year, primarily due to lower amortization of intangible assets. Operating expenses increased 10.5% to $892 million, driven by higher marketing costs for new releases and increased personnel expenses. The quarter resulted in a net loss of $125.2 million or $0.71 per share, compared to a net loss of $91.6 million or $0.54 per share in the prior year.Looking ahead, Take-Two announced Grand Theft Auto VI will launch in fall 2025. The company maintains a strong financial position with $1.31 billion in cash and cash equivalents. Management continues to execute its cost reduction program, which is expected to generate $160-200 million in total savings, including approximately $120-140 million from title cancellations.

Take-Two Interactive reported Q3 FY2025 net revenue of $1.36 billion, relatively flat compared to $1.37 billion in the prior year period. Mobile revenue grew 3.5% to $731.6 million, representing 53.8% of total revenue, while console revenue declined 7.3% to $507.9 million. Recurrent consumer spending increased 5.1% to $1.09 billion, accounting for 80% of total revenue.The company's gross profit margin improved to 55.9% from 49.7% year-over-year, primarily due to lower amortization of intangible assets. Operating expenses increased 10.5% to $892 million, driven by higher marketing costs for new releases and increased personnel expenses. The quarter resulted in a net loss of $125.2 million or $0.71 per share, compared to a net loss of $91.6 million or $0.54 per share in the prior year.Looking ahead, Take-Two announced Grand Theft Auto VI will launch in fall 2025. The company maintains a strong financial position with $1.31 billion in cash and cash equivalents. Management continues to execute its cost reduction program, which is expected to generate $160-200 million in total savings, including approximately $120-140 million from title cancellations.