Take-Two Interactive Software (TTWO) shares soared 7.93% in Thursday's regular trading session, driven by a positive earnings outlook and the company's strong pipeline of major game releases for 2025.
The video game publisher reported a narrower-than-expected loss for its fiscal third quarter ended December 31, 2024, and raised its full-year earnings guidance. Despite a slight revenue miss, Take-Two's adjusted earnings per share for Q3 beat analyst estimates, and its key net bookings metric grew 3% year-over-year.
More significantly, Take-Two reiterated the highly anticipated release of Grand Theft Auto VI in Fall 2025, a crucial catalyst that fueled investor optimism and propelled the stock higher. The company also highlighted its plans to launch several other major titles in 2025, including Sid Meier's Civilization VII in February, Mafia: The Old Country in the Summer, and Borderlands 4.
CEO Strauss Zelnick expressed confidence that the strong game lineup would drive record levels of net bookings for Take-Two in fiscal years 2026 and 2027, further boosting investor sentiment around the company's prospects.
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