How did Take-Two's Q1 2025 revenue beat expectations?

Take-Two's Q1 2025 revenue did not beat expectations as the company reported total net bookings of $1.37 billion, which was within the guidance range of $1.35 billion to $1.4 billion. However, recurrent consumer spending, which includes virtual currency, add-on content, and in-game purchases, grew by 9% and accounted for 79% of total net bookings. This growth was primarily driven by the performance of NBA 2K, which saw a 30% increase in sales and surpassed forecasts.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|TTWO|TTWO.O|Take-Two Interactive|2024 Q2|3.5E7|1.2992E9|185|
|TTWO|TTWO.O|Take-Two Interactive|2024 Q3|-2000000|1.3663E9|185|
|TTWO|TTWO.O|Take-Two Interactive|2024 Q4|4.9E7|1.3994E9|185|
|TTWO|TTWO.O|Take-Two Interactive|2025 Q1|-3.9027396E7|1.3382E9|185|