During the latest earnings call, the Take-Two CEO has stated that their net bookings have been increased to $8.2 billion.
It’s finally time to review the Take-Two earnings call, which offers insights into everything related to Rockstar, including the Grand Theft Auto and Red Dead series. The CEO revealed that the company had a strong first quarter, leading to an increase in net bookings. Below, you can find key points from the Take-Two CEO’s discussion during the earnings call:
Take-Two Expects to Sustain the New Level of Scale
Spotted by Gamesbeat, in the latest earnings call, it was revealed that Take-Two was able to hit $1.39 billion in net bookings in the first fiscal quarter, which saw a 2.7% decrease from last year. The CEO has stated that the company experienced “excellent first quarter results” thanks to its portfolio and execution. Combining the positive trends with the hype around GTA 6’s release, the CEO has been able to increase the Fiscal 2027 net bookings outlook.
The CEO stated that they will increase the Fiscal 2027 net bookings by 200 million, from $8 billion to $8.2 billion. Additionally, the CEO also addressed the future, stating that they will be able to maintain this level of scale and also bring in strong cash flows, which will help bring continued growth and long-term shareholder returns. Check out the Take-Two CEO’s statement below:
“Our excellent first quarter results reflect the power of our portfolio and disciplined execution across all of our labels. With these positive trends and excitement around the November 19th launch of Grand Theft Auto VI, we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion. Looking further ahead, we expect to sustain this new level of scale and generate strong cash flows, setting us on a path to deliver continued growth and long-term shareholder returns.”
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