Grand Theft Auto giant Take-Two has announced another 5% year-over-year revenue increase.
The company reported $903.3 million in GAAP revenue for the three months ending Dec. 31, compared to $860.9 million last year. 61% of this figure came from recurring consumer spending. $795.7 million of Take-Two’s GAAP net revenue came from digital products, a 7% year-over-year increase.
“Our third quarter performance was exceptional, highlighted by net bookings of $866 million, which exceeded our expectations and increased 6% from last year,” said Strauss Zelnick, CEO and President. by Take-Two.
“Fiscal 2022 is shaping up to be another strong year for Take-Two, and we are again raising our net bookings guidance for the year to $3.37 billion from $3.42 billion.
“We remain very optimistic about the future of the interactive entertainment industry and our multi-year growth trajectory. Whether it’s investing in talent, acquiring some of the industry’s leading creative studios, or announcing our transformational agreement to partner with Zynga, we’re taking exciting steps to diversify our business, earn market share and strengthen our position among the top three global players. interactive entertainment publishers. With our incredible pipeline of new intellectual properties and highly anticipated sequels, we believe we are positioning our business for long-term success and creating shareholder value.