Every material Form 8-K Take-Two Interactive filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Take-Two Interactive reported fiscal second-quarter 2025 results for the period ended September 30, 2024, with net bookings up 2% and GAAP net revenue up 4% from a year earlier. The company reiterated its fiscal 2025 net bookings outlook of $5.55 billion to $5.65 billion, while its GAAP net loss narrowed, which matters to shareholders because it shows higher sales and a smaller loss than the prior year.
Net bookings were $1.47 billion, up 2% from $1.44 billion a year earlier, with recurrent consumer spending making up 81% of the total.
GAAP net revenue rose 4% to $1.35 billion, compared with $1.30 billion in the prior-year quarter.
GAAP net loss was $365.5 million, or $2.08 per share, versus $543.6 million, or $3.20 per share, a year earlier.
Fiscal 2025 net bookings guidance of $5.55 billion to $5.65 billion was reiterated; fiscal third-quarter net bookings are expected to be $1.35 billion to $1.40 billion.
Take-Two reported fiscal first-quarter 2025 results for the period ended June 30, 2024. Net Bookings rose 1% to $1.22 billion and GAAP net revenue rose 4% to $1.34 billion, but the GAAP net loss widened to $262.0 million, or $1.52 per share, from $206.0 million, or $1.22 per share, a year earlier. The company reiterated its fiscal 2025 Net Bookings outlook of $5.55 to $5.65 billion and revised its GAAP outlook, which now projects a net loss of $(757) to $(690) million.
Net Bookings were $1.22 billion, up 1% from $1.20 billion a year earlier; the company said this was in line with guidance
GAAP net revenue rose 4% to $1.34 billion from $1.28 billion
GAAP net loss was $262.0 million, or $1.52 per share, versus $206.0 million, or $1.22 per share; business reorganization costs were $49.5 million
Fiscal 2025 Net Bookings outlook reiterated at $5.55 to $5.65 billion; GAAP net loss outlook is $(757) to $(690) million
Take-Two Interactive Software completed a $600 million underwritten offering of senior unsecured notes on June 12, 2024, split evenly between 5.400% notes due 2029 and 5.600% notes due 2034. The company said it plans to use the net proceeds for general corporate purposes, including repaying its $600 million 3.550% senior notes due 2025 at or before maturity, so the deal mainly refinances existing debt.
$300 million of 5.400% senior notes mature June 12, 2029, and $300 million of 5.600% senior notes mature June 12, 2034.
Interest is paid semi-annually on June 12 and December 12, starting December 12, 2024.
Proceeds are intended for general corporate purposes, including repaying the $600 million 3.550% senior notes due 2025.
If a change of control repurchase event occurs, holders can require repurchase at 101% of principal plus accrued interest.
Take-Two reported fourth-quarter fiscal 2024 Net Bookings of $1.35 billion, down 3% from a year earlier, and a GAAP net loss of $2.90 billion, or $17.02 per share, driven largely by a $2.18 billion goodwill impairment. The company also gave initial fiscal 2025 guidance of $5.55 to $5.65 billion in Net Bookings and said the Grand Theft Auto VI window has narrowed to the fall of calendar 2025.
Q4 fiscal 2024 GAAP net revenue fell 3% to $1.40 billion; GAAP net loss was $2.90 billion, versus $610.3 million a year earlier
Fiscal 2024 Net Bookings rose 1% to $5.33 billion; GAAP net loss for the year was $3.74 billion, or $22.01 per share
Grand Theft Auto VI release window narrowed to Fall of Calendar 2025, from Calendar 2025, per the filing
Take-Two's board approved a cost reduction program on April 16, 2024, which includes cancelling several projects in development and reducing its workforce by approximately 5%. The company estimates $160 million to $200 million in total charges, of which $40 million to $60 million is expected to be cash spending, and expects annual cost savings of over $165 million.
Total charges estimated at $160 million to $200 million, with $40 million to $60 million expected in future cash expenditures
Charge breakdown: $120 million to $140 million for title cancellations, $25 million to $35 million for employee severance, and $15 million to $25 million for office space reductions
Workforce to be reduced by approximately 5%; the plan is expected to be largely complete by December 31, 2024
Company expects over $165 million of annual cost savings, including lower projected expense growth in coming years
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Take-Two Interactive filing is on SEC EDGAR ↗. 8-K briefs of other companies →