Take-Two Interactive has reported that mobile once again accounted for over half of its bookings in both the fourth quarter and the full fiscal year. The company's mobile net bookings during FY24 reached $2.76 billion, up from $2.5 billion in FY23, making up 52% of its total net bookings. The firm emphasized that its direct-to-consumer efforts are “progressing well” and that it is actively discussing mobile editions of its major PC and console franchises.

GTA VI Announcement Overshadows Financial Results

The financial results were somewhat overshadowed by the highly anticipated announcement that GTA VI will arrive in “Fall 2025.” Additionally, Take-Two CEO Strauss Zelnick made a surprising statement, refuting widespread reports that the company had closed studios Roll7 and Intercept.

Zynga Integration and Mobile Success

Take-Two provided an update on the integration of Zynga, stating it had significantly exceeded its cost synergy target of $100 million within two years of the acquisition closing. CEO Strauss Zelnick noted a recovery in the mobile business during the earnings call, expressing optimism about the industry's future. He highlighted the success of Match Factory, which has become a top 20 grossing game on the U.S. Apple App Store and gained millions of new users following its Google Play launch.

Toon Blast experienced a 20% sequential rise in in-app purchases this quarter, driven by features like the ‘Dragon’s Treasure’ competition. Rollic, another Take-Two studio, confirmed the release of a mass-market Barbie game this year and reported success with hybrid-casual games Twisted Tangle and Screw Jam, both of which entered the top 100 grossing games on the U.S. App Store.

Upcoming Releases and Financial Performance

Take-Two confirmed that Game of Thrones: Legends will launch by the end of March 2025. The company posted Q4 net bookings of $1.35 billion, exceeding its guidance range of $1.27-1.32 billion but down 3% year-over-year. For the full year, net bookings increased by 1% to $5.33 billion.

Zynga continues to be a strong performer, running 15 of the top 200 grossing mobile games in the U.S. and achieving 3.5 billion downloads across its hyper-casual portfolio. Notable titles include Hair Challenge with over 260 million installs, Tangle Master 3D with 187 million, High Heels with 162 million, and Fill the Fridge with over 129 million.

Take-Two also reported a development staff headcount of 9,639 and has 10 mobile games scheduled for worldwide launch.

In summary, Take-Two's financial results highlight a robust performance in the mobile gaming sector, strategic integration of Zynga, and a promising outlook with upcoming game releases.

Source: adapted from an article by Neil Long, Founder and Editor for mobilegamer.biz.