Take-Two Interactive disclosed its third quarter earnings today, and to no one's surprise, the company's revenue is up, and its outlook is positive as we approach the big release. Grand Theft Auto VI.
Take-Two reported GAAP net revenue of $1.70 billion, up from $1.36 billion year over year. The company also revealed that recurring consumer spending — in-game currency and other in-game purchases — among longtime customers — increased by 23%.
“With ongoing momentum across many of our businesses, and the highly anticipated launch of Grand Theft Auto VI on November 19, we continue to project record levels of net bookings in fiscal 2027, which will establish a new financial baseline for our business, set us on a path to greater profitability, and provide additional balance sheet strength and flexibility” during the company's earnings call.
There are many words to say that the company has a positive outlook for GTA 6, and the title is expected to do very well. Additionally, Take-Two announced Grand Theft Auto V 225 million units have been sold.
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Grand Theft Auto V continues to drive revenue
“The Grand Theft Auto series also significantly exceeded our forecast, with recurring consumer spending growth of 27% led by the GTA Online: A Safehouse in the Hills update,” Zelnick said. According to the company, Grand Theft Auto Online Performed well with 30% growth during this period.
With GTA V revealed to have sold 225 million copies since its launch in 2013, it has firmly held its place as one of the best-selling games of all time. However, it still has a way to go before moving from third place behind Minecraft.
Mojang announced it sold 300 million copies at its Minecraft Live event back in 2023, so it's safe to say it's sold even more since then.
But it's still impressive that GTA V is doing so well. GTA V has been released on several major consoles (except the Nintendo Switch) since the PlayStation 3 and Xbox 360. The Elder Scrolls V: SkyrimUsing the same strategy, for some perspective, 60 million copies were sold by 2023.
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In addition to the sales numbers, the company adjusted its outlook for the 2026 fiscal year, which ends on March 31, 2026.
“Our third quarter results were fantastic. All of our labels delivered excellent results, and we are pleased to once again raise our outlook for the fiscal year as many of our core franchises continue to thrive. Fiscal 2026 is on track to be one of our strongest years in recent history,” said Take-Two CFO.
It's hard to disagree with his assessment. Take-Two includes the most impressive collection of games published Red Dead Redemption 2, Words with friends, WWE 2K25and Border 4.
Goldstein pointed to titles like NBA 2k, GTA and mobile titles Toon Blast and Empires and puzzles As an out-performer. She said the company expects to achieve net bookings of $6.65 to $6.7 billion in the coming financial year.
The company will reveal its fiscal 2027 outlook as well as fourth-quarter earnings in May.
