Take-Two Interactive released its third quarter results today, and it probably won't surprise anyone to find that the company's revenue is up and its outlook is positive as we head into a huge release Grand Theft Auto VI.
Take-Two reported GAAP net income of $1.70 billion, up from $1.36 billion year over year. The company also said that repeat consumer spending — long-time customers buying in-game currency and other in-game purchases — rose 23%.
“With continued momentum in 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 we believe will create a new financial base for our business, set us on a path to greater profitability and provide additional balance sheet strength and flexibility,” Take-Two Interactive CEO Strauss said during the Z call.
That's a lot of words to say that the company has a positive outlook on GTA 6 and expects the title to do very well. Additionally, Take-Two announced it Grand Theft Auto V 225 million units were sold.
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Grand Theft Auto V continues to increase sales
“The Grand Theft Auto series also significantly exceeded our forecast, with recurring consumer spending growth of 27%, led by the GTA Online: Safehouse in the Hills update,” said Zelnick. According to the company Grand Theft Auto Online surpassed during this period with 30% growth.
Revealing that GTA V has sold 225 million copies since its launch in 2013, it firmly holds its place as one of the best-selling games of all time. Although he likely still has a ways to go before moving back from third Minecraft.
Mojang announced 300 million copies sold in 2023 during the Minecraft Live event, so it's safe to say that even more have been sold since then.
But it's still impressive that GTA V is doing so well. GTA V has been released on most major consoles (except Nintendo Switch) since PlayStation 3 and Xbox 360. The Elder Scrolls V: Skyrimusing the same tactics, sold 60 million copies by 2023, for some perspective.
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In addition to the sales numbers, the company revised its outlook for fiscal 2026, which ends March 31, 2026.
“Our third quarter results were fantastic. All of our labels delivered excellent results and we are pleased to raise our outlook for the fiscal year again, with many of our key franchises continuing to thrive. Fiscal 2026 is on track to be one of our strongest years in recent history,” said Take-Two CFO Lainie Goldstein.
It's hard to disagree with her assessment. Take-Two has one of the most impressive collections of games released, including Red Dead Redemption 2, Words With Friends, WWE 2K25and Borderlands 4.
Goldstein pointed out titles like NBA 2k, GTA and mobile titles included Toon Blast and Realms and puzzles as the best performances. She said the company expects to reach $6.65 billion to $6.7 billion in net bookings for the fiscal year.
The company will release its outlook for fiscal 2027 as well as its fourth-quarter results in May.
