Take-Two Interactive Reports Great Results For 2021 Fiscal Year

On May 18th, Take-Two Interactive unveiled strong results for its fourth quarter and 2021 fiscal year which ended on March 31st, 2021. It also provided a positive outlook for the 2022 financial year.

GAAP net revenue grew by 10% to $839.4 million, which is up from $760.5 million in the fourth quarter of 2020. Digitally delivered GAAP net revenue increased by 19% to $753.3 million while GAAP net income went up 78% to $218.8 million.

Total net bookings for the organization were $3.553 billion, a 19% jump from the past fiscal year. Net bookings from recurring customers grew 48% and accounted for 63% of total net bookings.

The organization expects this growth to continue into next year. CEO Strauss Zelnick said he believes net bookings will once again exceed $3 billion in 2022.

(All information was provided by Take-Two Interactive)

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