Take-Two Stock Jumps on Smaller-Than-Expected Loss, Affirmed ‘GTA VI’ Launch | Global News Avenue

Using two interactive software (ttwo) Stocks rose 10% on Friday, the day after video game makers posted more than expected third-quarter net losses 2025 Autumn Launch Plan For the highly anticipated “Theft Automatic VI”.

Take-Two reported revenue of $1.36 billion, roughly the same as a year ago, and below the $1.4 billion visible Alpha consensus estimate. The “NBA 2K” maker also reported a net loss of $125.2 million, or $0.71 per share, wider than last year but smaller than analysts’ forecasts.

JPMorgan analysts “encourage” through results

“In TTWO’s main title, we are encouraged by the performance of another (a quarter) of our performance, which was in the context of the otherwise challenging industry,” JPMorgan analysts wrote after Thursday’s report. stand out.”

Take-Two lowered its forecast of losses throughout the fiscal year. The company expects a net loss of $729 million to $788 million, down from the previous $775 million to $839 million, mainly below the consensus of $776.9 million.

Chief Financial Officer Lainie Goldstein said on Thursday’s earnings call that Take-Two expects 2025 to be a “mile mark” year for the company’s planned issuance. JPMorgan analysts pointed out that Take-Two’s reiterated “Grand Theft Auto VI” launch date is a positive one because investors may delay delays due to the recent lack of trailers for the game.

Take-Two shares opened at their highest level in four years.