5/15/25

Take-Two dips after a “GTA 6”-less fiscal year outlook

Who needs “Grand Theft Auto” when you have “Merge Dragons”?

Video game juggernaut Take-Two reported earnings on Thursday, posting fourth-quarter net revenue of $1.58 billion, narrowly beating expectations.

With “GTA 6” delayed out of the current fiscal year, Take-Two said it expects revenue for FY26 to land between $5.95 billion and $6.05 billion, below expectations by nearly $2 billion. But with the expected biggest game of the decade still on the way eventually, investors don’t appear too bothered. Shares dipped about 2% in after-hours trading.

Mobile continued to dominate Take-Two’s income statement. The segment posted $748 million sales on the quarter, 48% of total revenue. Console game sales accounted for 37%, while PC reached 15%. The smallest screen has led Take-Two’s revenue since the company closed its $12.7 billion acquisition of “Farmville” maker Zynga in 2022.

More Business

See all Business

Nia Warfield

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

Claire Yubin Oh

fighting fit?

Healthcare is expected to remain the engine of America’s job market through 2034

Not everyone is as sure as the BLS about the industry’s prospects.

Hyunsoo Rim

BETTER TOGETHER, WAIT, NO, WORSE

Corporate breakups and spinoffs are back on Wall Street — but are investors up for the ride?

Spin offs among S&P 500 companies are running at their fastest pace since 2016.

Carousel at an amusement park spinning at night

Max Knoblauch

Volkswagen is reportedly closing in on its own, separate tariff deal with the US

In a bid to get its own tariff rate below the 15% applied to most EU exports, Volkswagen is dangling big US investments.

Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced talks on a deal to limit its own tariff burden. Volkswagen reported a tariff cost of $1.5 billion in the first half of the year.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says

Millie Giles

FIGURE-HUGGING

Lululemon sales are being squeezed — but it’s hoping sports sponsorships will save its skin

The athleisure brand is now looking to real-life athletes to rescue its flagging US sales from the end of de minimis.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.