Take-Two Interactive Software (TTWO, Financial) announced its financial results for the third quarter of fiscal year 2025. The company's revenue reached $1.36 billion, slightly down from $1.37 billion in the same period last year and below analysts' expectations of $1.39 billion. However, adjusted earnings per share were $0.72, surpassing the forecasted $0.57.
The total bookings for the quarter amounted to $1.37 billion, which fell short of the anticipated $1.39 billion. Looking ahead to the fourth quarter, Take-Two expects total bookings to be between $1.48 billion and $1.58 billion, with a midpoint slightly below the analysts' average estimate of $1.54 billion. Revenue is projected to range between $1.52 billion and $1.62 billion, compared to the expected $1.54 billion.
The company reaffirmed its plan to release the highly anticipated AR/VR game "GTA VI" this fall, which could significantly impact future financial performance.
