The success of GTA V and the hidden benefits of “Borderlands”: Take-Two Interactive reported results in the second quarter

The American company Take-Two Interactive reported results for the second quarter of the current financial year, updated sales data for its main games and franchises, and also commented on the failures of the action movie Borderlands.

Image source: Steam (tornadoqt)

Take-Two’s net income for the second quarter amounted to $1.35 billion (4% better than last year’s result), and net losses decreased by 39% to $365.5 million. Net revenues reached $1.47 billion (2% higher than in 2023).

Grand Theft Auto Online and Grand Theft Auto V exceeded Take-Two’s expectations, with sales of the latter reaching 205 million worldwide (the series total was 435 million). Successes of the company’s other franchises:

• Sales of games in the Red Dead Redemption series exceeded 92 million copies, and 67 million of them were RDR 2;
• NBA 2K — 150 million;
• Borderlands – “almost” 89 million copies;
• BioShock – 43 million;
• Sid Meier’s Civilization – over 73 million.

With the introduction of Bully, GTA+ subscribers have increased by 35% compared to 2023 (Image source: Rockstar Games)

As for the Borderlands movie, Take-Two CEO Strauss Zelnick called the action movie a disappointment, but noted that the film “even helped a little” for the company, helping to increase sales of Borderlands games.

Zelnik also assured that Borderlands 4, announced for 2025, will not collide with GTA VI, which is expected next fall: “We, like everyone else, will not unnecessarily pile major releases on top of each other.”

With a budget of over $110 million, Borderlands grossed just $33 million (image source: Lionsgate)

On the back of a strong quarter, Take-Two reaffirmed its fiscal 2025 net revenue guidance of $5.55 billion to $5.65 billion and expressed confidence in record results for fiscal 2026 and 2027.

As part of the Take-Two report, it also became known that the company sold the publishing label Private Division to an unnamed buyer, along with all games except the action-RPG No Rest for the Wicked from Moon Studios (Ori duology).