Take-Two Interactive reported results for the second quarter of fiscal 2025, which ended on September 30.

Take-Two Interactive has reported its financial results for the first quarter of fiscal 2025, which ended on June 30.

Take-Two Interactive now considers review bombing of games to be a financial and reputational risk. The company added it to its list of risks two months ago, but it’s only now that people online are taking notice.

Take-Two Interactive has decided to sell bonds for a significant amount. It plans to raise $600 million from the sale of securities for “general corporate purposes.”

In 2024, gaming companies are downsizing much more aggressively than a year ago. According to the Game Industry Layoffs portal, 10,425 specialists were laid off in the industry from January to May. This is just 41 people fewer than for all of 2023.

The CEO of Take-Two Interactive, Strauss Zelnick, in a conversation with IGN, denied reports about the closure of the Roll7 and Intercept Games studios.

Take-Two Interactive has reported the results for the fiscal year ending March 31, 2024. The company discussed a significant increase in losses and revealed the release window for GTA VI.

The publisher of Private Division, specializing in low- and medium-budget games, has parted with a significant number of employees. This is reported by GamesIndustry with reference to its own sources.

Last month, the gaming industry continued to be stormed. According to the Game Industry Layoffs portal, in April, gaming companies fired or announced the dismissal of at least 1003 people.

In a report to the U.S. Securities and Exchange Commission, Take-Two Interactive announced the launch of a cost-cutting program. As part of it, the publisher will lay off 5% of the staff by the end of the year.

The Swedish Embracer Group holding has indeed decided to sell Gearbox Entertainment, best known for the Borderlands series of games. He entered into a sales agreement with Take-Two Interactive. The amount of the transaction is 4.9 billion Swedish kronor or $ 460 million.

Take-Two Interactive also reported for the third fiscal quarter, which lasted from October to December 2023.

At the beginning of 2023, the Finnish studio Remedy Entertainment updated the logo, which caused dissatisfaction with the company Take-Two Interactive. The latter appealed to the UK Intellectual Property Office (UK-IPO) with a complaint that the new Remedy logo looks too much like the logo of her “daughter” Rockstar Games.

Take-Two Interactive reported for the second quarter of fiscal 2024, which ended on September 30, 2023. It was unprofitable: the company’s net losses immediately increased by 111%.

On the morning of November 8, journalist Jason Schreier citing sources, he said that Rockstar Games is fully announcing GTA VI this week. The rumors reflected well on the shares of the parent company of Rockstar Games — Take-Two Interactive.

Strauss Zelnick, who heads Take-Two Interactive, does not agree with gamers who call the price tag of the Red Dead Redemption reissue unreasonably high. In a comment to the IGN portal, he stated that the price of $50 is “commercially reasonable.”

Take-Two Interactive has also updated its game sales data.

Take-Two Interactive has released a report for the first quarter of fiscal 2024, which ended on June 30. Its revenue was higher than the company had predicted.

Take-Two Interactive CEO Strauss Zelnick and its president Karl Slatoff will receive generous compensation payments for the past financial year. In total, they earned $72.25 million.