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.
