Take-Two Interactive Beats Earnings, Boosted by Mobile Games & NBA 2K26
Update: 2025-11-08
Description
Take-Two Interactives Q3 earnings surpassed Wall Streets expectations with a 20.3% year-over-year sales increase, reaching $1.77 billion. The companys mobile games and NBA 2K26 contributed to this success. Despite a GAAP loss of $0.72 per share, Take-Twos revenue guidance for the next quarter is 6.7% higher than predicted. The companys focus on engaging players and optimizing live services led to a 20% increase in recurring consumer spending. However, challenges with Borderlands 4s PC launch are being addressed. Take-Two plans to invest in mobile and core franchises, with upcoming releases like WWE 2K26 and ongoing updates for existing games. Investors will monitor the impact of these strategies on future growth and profitability.
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