Take-Two Interactive Software, Inc. reported results for the third quarter of its fiscal year 2024, which ended December 31, 2023. For further information, please see the third quarter fiscal 2024 results slide deck posted to the Company’s investor relations website.

Key Take-Two Interactive Software numbers for the quarter

  • According to the report, Take-Two generated $1.37 billion in revenue, a 3% drop from 2022.
  • Digital sales accounted for 95% of the company’s revenue.
  • Mobile games earned the most at $706.7 million, console games brought in $547.6 million, and PC games brought in $122 million.
  • Net revenues for the year fell 3% to $1.34 billion.
  • Net losses totaled $91.6 million, down $61.8 million year over year. This is Take-Two’s lowest quarterly loss since it bought Zynga in May 2022.
  • Take-Two expects its revenue for the full fiscal year to be between $5.27 billion and $5.32 billion, with a net loss narrowing to $1 billion to $990 million. The company also expects its net revenues to hit the $5.25 billion to $5.3 billion mark, of which 51% will come from Zynga, 30% from 2K, and 19% from Rockstar Games.
Take-Two Interactive game sales and downloads data

Take-Two Interactive Software Game data for the quarter

The performance of GTA V, GTA Online, Red Dead Redemption games, and Zynga’s mobile portfolio (especially Toon Blast) exceeded the company’s expectations. Take-Two is also pleased with the success of mobile novelties Match Factory! and Top Troops.

  • GTA V – 195 million copies. The entire series – 420 million copies.
  • Red Dead Redemption 2 – 61 million copies. The entire series – 86 million copies.
  • NBA 2K24 – 7 million copies. The entire series – 146 million copies.
  • Borderlands 2 sold 28 million copies, Borderlands 3 sold 19 million copies, and the entire series sold 83 million copies.
  • Sid Meier’s Civilization series – 69 million copies.
  • BioShock series – 42 million copies.
  • Downloads of Zynga’s hyper-casual games exceeded 2.7 billion. As of December 31, 2023, the most downloaded games were Hair Challenge (259 million), Tangle Master 3D (186 million), High Heels! (160 million), and Fill The Fridge (124 million).

Speaking to IGN, Take-Two CEO Strauss Zelnick revealed that his company is working on a new cost-cutting program. It wants to reduce costs ” significantly. ” Despite optimizing the business, Take-Two does not plan to lay off employees.

Recall that in February 2023, Take-Two already talked about cost cutting. Then, it reported that it would try to reduce annual expenses by more than $50 million and did not rule out layoffs. The company carried them out a month later in some divisions, including the Private Division.

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