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Borderlands 4

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Documents about Borderlands 4

Cover of Take-Two Q1 Results: Strauss Zelnick Interview
Article

Take-Two Q1 Results: Strauss Zelnick Interview

Take-Two Interactive reported strong financial results for the first quarter of the 2025 fiscal year, exceeding expectations with $1.42 billion in bookings against a guidance range of $1.25 billion to $1.3 billion.

  • Take-Two reported Q1 bookings of $1.42 billion, exceeding guidance of $1.25–$1.3 billion, and raised its full-year sales forecast to a range of $6.1–$6.2 billion.
  • The company has a robust pipeline of 25 titles scheduled for the 2027 and 2028 fiscal years, including 17 'core' releases such as GTA VI, five sports titles, four mobile games, and four remasters.
  • Performance is strong across all divisions, with NBA 2K25 selling 11.5 million units and seeing a 48% year-over-year increase in recurrent consumer spending.
The Game BusinessAug 2025
Cover of Take-Two Interactive Q1 Fiscal Year 2026 Earnings Results
Financial report6 pages

Take-Two Interactive Q1 Fiscal Year 2026 Earnings Results

Take-Two Interactive’s first-quarter fiscal year 2026 earnings results demonstrate strong financial momentum, characterized by net bookings exceeding $1.42 billion and outperforming initial guidance.

  • Take-Two Interactive reported Q1 fiscal year 2026 net bookings of $1.42 billion, exceeding initial guidance.
  • Recurrent consumer spending remains the primary revenue driver, accounting for 83% of total net bookings for the quarter.
  • The company raised its full-year fiscal 2026 net bookings outlook to between $6.05 billion and $6.15 billion, representing an 8% growth projection over the previous year.
Take-Two InteractiveAug 2025
Cover of With no GTA, what are the biggest games still to come in 2025?
59 min
The Game Business59 min

With no GTA, what are the biggest games still to come in 2025?

The 2025 gaming landscape is defined by a reliance on established intellectual property as the industry navigates a period without a major Grand Theft Auto release.

  • The 2025 gaming market is anchored by established franchises including Borderlands 4, Mafia: The Old Country, Hollow Knight: Silksong, and Metal Gear Solid Delta: Snake Eater, which are currently driving the highest levels of social engagement and wish-list metrics.
  • Publishers are shifting toward shorter, more focused development cycles to mitigate the financial risks associated with rising production costs and the volatility of live-service models.
  • Germany has doubled its game development funding to €125 million, signaling a significant regional push to support the industry despite ongoing studio restructurings.
The Game BusinessJul 2025
Cover of Take-Two Interactive Q4 Fiscal Year 2025 Conference Call
Financial report7 pages

Take-Two Interactive Q4 Fiscal Year 2025 Conference Call

Take-Two Interactive concluded its 2025 fiscal year with strong financial performance, reporting fourth-quarter net bookings of $1.58 billion, reaching the upper end of its guidance.

  • Take-Two Interactive reported $5.65 billion in total net bookings for fiscal year 2025, with a Q4 performance of $1.58 billion.
  • Grand Theft Auto VI is confirmed for a fiscal year 2027 release, supported by record-breaking trailer engagement and high consumer anticipation.
  • Recurrent consumer spending grew 14% year-over-year in Q4, now accounting for 77% of the company's total net bookings.
Take-Two InteractiveMay 2025
Cover of Take-Two Interactive Investor Presentation: May 2025
Financial report35 pages

Take-Two Interactive Investor Presentation: May 2025

Take-Two Interactive occupies a dominant position in the global interactive entertainment market, underpinned by a diversified portfolio of thirteen major franchises that have each surpassed five million units in lifetime sales.

  • Take-Two Interactive generated $5.6 billion in net bookings for fiscal year 2025, supported by a portfolio of thirteen franchises that have each exceeded five million units in lifetime sales.
  • Mobile gaming has become the company's primary revenue driver, accounting for 51% of total net bookings.
  • The company is targeting sustained growth through fiscal year 2028, anchored by a development pipeline that includes Grand Theft Auto VI, Borderlands 4, and Mafia: The Old Country.
Take-Two InteractiveMay 2025
Cover of Take-Two Interactive Fourth Quarter and Fiscal 2025 Results and Guidance Summary
Financial report18 pages

Take-Two Interactive Fourth Quarter and Fiscal 2025 Results and Guidance Summary

Take-Two Interactive’s fiscal 2025 year-end results and fiscal 2026 guidance outline a period of significant financial transition characterized by substantial non-cash impairment charges and a strategic focus on a robust upcoming release pipeline.

  • Take-Two Interactive reported a fiscal 2025 net loss of $4.479 billion, primarily driven by substantial non-cash goodwill impairment charges.
  • Fiscal 2026 net bookings are projected to range between $5.9 billion and $6 billion, supported by the upcoming releases of Mafia: The Old Country and Borderlands 4.
  • Recurrent consumer spending grew by 7% during fiscal 2025, serving as a key performance driver alongside established titles like NBA 2K, Red Dead Redemption, and Grand Theft Auto Online.
Take-Two InteractiveMay 2025
Cover of Expedition 33 publisher: “Oblivion didn’t seem to harm us at all”
51 min
The Game Business51 min

Expedition 33 publisher: “Oblivion didn’t seem to harm us at all”

Clair Obscur: Expedition 33 has emerged as a significant success for Kepler Interactive and Sandfall Interactive, selling over one million units within its first three days and reaching 1.7 million players during its opening week.

  • Clair Obscur: Expedition 33 achieved 1.7 million players in its opening week, including over one million units sold within the first three days.
  • Data indicates that 55 percent of Xbox players engaged with both Expedition 33 and The Elder Scrolls IV: Oblivion simultaneously, suggesting that subscription services like Game Pass foster audience sampling rather than direct title cannibalization.
  • The success of Expedition 33 validates the double-A market segment, proving that focused, high-quality new intellectual properties can achieve significant reach through strategic platform support.
The Game BusinessMay 2025
Cover of Nintendo Told Me Why Their New System Doesn't Use Achievements
Article

Nintendo Told Me Why Their New System Doesn't Use Achievements

Nintendo’s long-standing exclusion of a platform-wide achievement system, including its absence in the upcoming Switch 2, stems from a fundamental design philosophy that prioritizes player discovery over extrinsic rewards.

  • Nintendo has confirmed the Switch 2 will not feature a system-wide achievements platform, maintaining a long-standing design philosophy that prioritizes player exploration and discovery over external reward systems.
  • Electronic Arts is laying off 300–400 employees and has canceled development on a Titanfall-themed extraction shooter at Respawn Entertainment.
  • Take-Two Interactive has moved the release date of Borderlands 4 forward to September 12, 2025, a rare shift that industry analysts suggest may signal potential delays for other titles like GTA VI or Mafia: The Old Country.
Game FileApr 2025
Cover of Take-Two Interactive Q3 Fiscal Year 2025 Earnings Results
Financial report6 pages

Take-Two Interactive Q3 Fiscal Year 2025 Earnings Results

Take-Two Interactive’s third-quarter fiscal year 2025 earnings report highlights a period of solid financial performance, characterized by significant outperformance in the NBA 2K franchise that successfully offset moderation within the company’s mobile gaming portfolio.

  • Take-Two Interactive reported Q3 fiscal 2025 net bookings of $1.37 billion, maintaining its full-year guidance of $5.55 to $5.65 billion.
  • NBA 2K25 drove significant growth with a 30% increase in recurrent consumer spending and a 20% rise in daily active users.
  • Grand Theft Auto V has surpassed 210 million units sold-in, while Red Dead Redemption 2 has reached over 70 million units.
Take-Two InteractiveFeb 2025
Cover of Take-Two Interactive Investor Presentation: February 2025
Financial report38 pages

Take-Two Interactive Investor Presentation: February 2025

Take-Two Interactive is positioning itself for sustained long-term growth by leveraging a high-quality portfolio of intellectual property across console, PC, and mobile platforms.

  • Take-Two Interactive is prioritizing recurrent consumer spending through live-service operations and data-driven user acquisition across console, PC, and mobile platforms.
  • Mobile gaming has become the company's primary revenue driver, accounting for 52% of total net bookings in fiscal year 2024.
  • The company is currently executing its largest development pipeline in history, anchored by the upcoming releases of Grand Theft Auto VI and Borderlands 4.
Take-Two InteractiveFeb 2025
Cover of Third Quarter Fiscal 2025 Results and Guidance Summary
Financial report17 pages

Third Quarter Fiscal 2025 Results and Guidance Summary

Take-Two Interactive’s third-quarter fiscal 2025 results demonstrate a period of mixed performance characterized by strong growth in key sports franchises offset by challenges within the mobile gaming segment.

  • Take-Two Interactive maintains its full-year net bookings guidance of $5.55 billion to $5.65 billion, positioning calendar year 2025 as a critical inflection point anchored by the fall release of Grand Theft Auto VI.
  • The company reported Q3 fiscal 2025 GAAP net revenue of $1.36 billion and a net loss of $125 million, with operating results exceeding internal expectations due to NBA 2K performance and shifted expense timing.
  • Recurrent consumer spending (RCS) grew 9% year-over-year, leading management to raise its full-year RCS growth forecast to 5% based on the sustained success of the NBA 2K franchise.
Take-Two InteractiveFeb 2025
Cover of Take-Two Interactive Q2 Fiscal Year 2025 Conference Call
Financial report6 pages

Take-Two Interactive Q2 Fiscal Year 2025 Conference Call

Take-Two Interactive’s second quarter fiscal year 2025 results demonstrate strong financial performance, with net bookings reaching $1.47 billion, hitting the top end of the company’s guidance range.

  • Take-Two Interactive reported Q2 fiscal 2025 net bookings of $1.47 billion, maintaining full-year guidance of $5.55 to $5.65 billion and projecting record-level bookings for fiscal years 2026 and 2027.
  • Grand Theft Auto VI is scheduled for release in the fall of 2025, supported by a pipeline that includes Borderlands 4 and Mafia: The Old Country.
  • Recurrent consumer spending remains the company's primary revenue driver, accounting for 81% of total net bookings during the quarter.
Take-Two InteractiveNov 2024