Take-Two Interactive reports strong Q3 FY2025 Results, prepares for blockbuster 2025 lineup - Related to games, prepares, take-two, distributed, $1.09bn
Blind Squirrel Games acquires Distributed Development
Blind Squirrel Games has acquired Colombian-based studio, Distributed Development.
Rebranded as Blind Squirrel Colombia, the team - acquired for an unknown sum - will initially focus on co-development, and is expected to grow to 25-30 employees by the end of the year.
BSG showcased the acquisition "strengthens Blind Squirrel's footprint with teams already in the [website] and New Zealand, creating an international network aimed at cost-effective AAA game development".
"The acquisition also enhances Blind Squirrel's creative capabilities, particularly through the integration of its proprietary AI tool for Unreal Engine," a press statement expressed. "This tool is designed to improve project efficiency and streamline development, helping the enterprise deliver high-quality game experiences while optimising resources."
User-generated content (UGC) studio Voldex has acquired the Roblox life simulation game Brookhaven.
Take-Two Interactive presented its financial results for the third quarter of fiscal year 2025, reporting net bookings of $[website] billion, a 3% increase......
Kingdom Come Deliverance 2 tops 1m sales in just 24 hours | News-in-brief.
Warhorse Studios thanks players for making PC, PS5, and Xbox launch a.
PC game sales hit $1.09bn on Epic Games Store in 2024
Epic shared its Epic Games Store 2024 Year in Review blog post last Friday, highlighting its achievement of reaching 295 million people on its PC store representing an increase of 25 million people year-on-year.
Consumer spending on the platform reached $[website] billion in 2024, an increase of 15% from last year. In comparison, spending on third-party titles declined by 18% to $255 million.
Following the worldwide launch of the Epic Games Store on Android and iOS in the EU, Epic cross-platform accounts grew by 94 million in 2024 to 898 million.
The platform's average daily user count rose by 6% to [website] million last year, with its monthly active people also up by 6% to [website] million.
1,100 titles were released on the Epic Game Store last year, slightly down from the 1,300 games launched in 2023.
The top titles by player spend and engagement included Epic's Fortnite, Genshin Impact and EA Sports FC 24, in addition to Honkai: Star Rail, Destiny 2: The Final Shape and Alan Wake 2.
Epic offered 89 free games worth $2,229, a slight increase from last year. 595 million people claimed these free titles, compared to 586 million in 2023.
Elsewhere, Epic annnounced that it has extended its newly introduced Now on Epic program to January 31, 2026.
This program allows developers to bring their existing catalogue of games to the platform and receive 100% of net revenue in the first six months, much like its Epic First Run program.
Looking ahead, Epic stated its mobile store will "continue to be a focal point" of its development roadmap, which will include "building an enhanced app library and discover experience" to support its "ever-increasing catalogue size."
Wer soll der neue Bond werden? Bildquelle: Sony.
Welche Wagnisse der berühmte Agent mit der Doppelnull in Zukunft eingeht, hängt jetzt voll und ganz v......
Blind Squirrel Games has acquired Colombian-based studio, Distributed Development.
Rebranded as Blind Squirrel Colombia, the team - acquired for an u......
At least 20 staff have lost their jobs following another round of cuts at Smite developer Hi-Rez Studios.
Whilst the layoffs have not been formally a......
Take-Two Interactive reports strong Q3 FY2025 Results, prepares for blockbuster 2025 lineup
Take-Two Interactive revealed its financial results for the third quarter of fiscal year 2025, reporting net bookings of $[website] billion, a 3% increase from the previous year and within the firm’s projected guidance. The firm also reaffirmed its full-year net bookings outlook of $[website] billion to $[website] billion, citing strong performance from its core franchises and an upcoming release schedule set to drive significant growth.
For the three months ending December 31, 2024:
GAAP Net revenue: $[website] billion, slightly down from $[website] billion last year.
GAAP Net loss: $[website] million, increased from $[website] million last year.
Total net bookings: $[website] billion, a 3% year-over-year increase.
Between October 1, 2024 and December 31, 2024 Take-Two Interactive released NBA 2K25 Arcade Edition on Apple Arcade, a PC version of Red Dead Redemption and Undead Nightmare, and Grand Theft Auto Online: Agents of Sabotage across PC, PS5, PS4, Xbox Series X and S and Xbox One.
Recurrent consumer spending was up 9%, making up 79% of total Net Bookings.
The biggest hitters in Netbookings were NBA 2K25, GTA Online, GTA 5, Red Dead Redemption 2, Red Dead Online and the mobile titles Toon Blast, Match Factory, Words With Friends and Toy Blast.
In February the enterprise will release Sid Meier's Civilization 7 and PGA TOUR 2K25, with WWE 2K25 slated for March.
Mafia: The Old Country will have a summer 2025 release date, and GTA 6 is still on track for its fall 2025 window.
Borderlands 4 is planned for release sometime in 2025.
Ghost Story Games' Judas, 2K's Project ETHOS and Zynga's racing title CSR 3 remain part of a currently undated line up.
"We achieved solid results during the holiday season. Our Net Bookings of $[website] billion were within our guidance range, as significant outperformance in NBA 2K helped to offset moderation experienced in several of our mobile franchises. At the same time, our operating results surpassed expectations, led by the upside from NBA 2K, as well as a shift in timing of expenses that benefited the quarter," mentioned Strauss Zelnick, Chairman and CEO of Take-Two Interactive.
"For Fiscal 2025, we are reiterating our Net Bookings guidance range of $[website] to $[website] billion and our outlook for operating performance. Our projections for the fourth quarter balance strength in NBA 2K with a continuation of the current mobile trends, and the shift of some operating expenses into the period."
"Looking ahead, this calendar year is shaping up to be one of the strongest ever for Take-Two, as we plan to launch Sid Meier’s Civilization VII on February 11th, Mafia: The Old Country in the Summer, Grand Theft Auto 6 in the Fall, and Borderlands 4. We continue to invest prudently in our development pipeline and remain confident in Zynga’s potential to create new mobile forever franchises as demonstrated by their ongoing success with Match Factory. As we continue to deliver hits, we remain highly confident that we will achieve sequential increases in, and record levels of, Net Bookings in Fiscal 2026 and 2027.
Freshen up your daily Wordle tactics with our tips, written to show you how to quickly narrow down an entire language's worth of words into a few winn......
Square Enix released its financial earnings for the nine months ending December 31, 2024, reporting a decrease in net sales attributed to.
Currys becomes first Xbox Authorised Service Provider in the UK | News-in-brief.
Electronics giant says all repairs come with.
Market Impact Analysis
Market Growth Trend
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| 6.0% | 7.2% | 7.5% | 8.4% | 8.8% | 9.1% | 9.2% |
Quarterly Growth Rate
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|
| 8.5% | 8.8% | 9.0% | 9.2% |
Market Segments and Growth Drivers
| Segment | Market Share | Growth Rate |
|---|---|---|
| Console Gaming | 28% | 6.8% |
| Mobile Gaming | 37% | 11.2% |
| PC Gaming | 21% | 8.4% |
| Cloud Gaming | 9% | 25.3% |
| VR Gaming | 5% | 32.7% |
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity:
Competitive Landscape Analysis
| Company | Market Share |
|---|---|
| Sony PlayStation | 21.3% |
| Microsoft Xbox | 18.7% |
| Nintendo | 15.2% |
| Tencent Games | 12.8% |
| Epic Games | 9.5% |
Future Outlook and Predictions
The Games Blind Squirrel landscape is evolving rapidly, driven by technological advancements, changing threat vectors, and shifting business requirements. Based on current trends and expert analyses, we can anticipate several significant developments across different time horizons:
Year-by-Year Technology Evolution
Based on current trajectory and expert analyses, we can project the following development timeline:
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity, influencing adoption timelines and investment priorities:
Innovation Trigger
- Generative AI for specialized domains
- Blockchain for supply chain verification
Peak of Inflated Expectations
- Digital twins for business processes
- Quantum-resistant cryptography
Trough of Disillusionment
- Consumer AR/VR applications
- General-purpose blockchain
Slope of Enlightenment
- AI-driven analytics
- Edge computing
Plateau of Productivity
- Cloud infrastructure
- Mobile applications
Technology Evolution Timeline
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
Expert Perspectives
Leading experts in the gaming tech sector provide diverse perspectives on how the landscape will evolve over the coming years:
"Technology transformation will continue to accelerate, creating both challenges and opportunities."
— Industry Expert
"Organizations must balance innovation with practical implementation to achieve meaningful results."
— Technology Analyst
"The most successful adopters will focus on business outcomes rather than technology for its own sake."
— Research Director
Areas of Expert Consensus
- Acceleration of Innovation: The pace of technological evolution will continue to increase
- Practical Integration: Focus will shift from proof-of-concept to operational deployment
- Human-Technology Partnership: Most effective implementations will optimize human-machine collaboration
- Regulatory Influence: Regulatory frameworks will increasingly shape technology development
Short-Term Outlook (1-2 Years)
In the immediate future, organizations will focus on implementing and optimizing currently available technologies to address pressing gaming tech challenges:
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
These developments will be characterized by incremental improvements to existing frameworks rather than revolutionary changes, with emphasis on practical deployment and measurable outcomes.
Mid-Term Outlook (3-5 Years)
As technologies mature and organizations adapt, more substantial transformations will emerge in how security is approached and implemented:
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
This period will see significant changes in security architecture and operational models, with increasing automation and integration between previously siloed security functions. Organizations will shift from reactive to proactive security postures.
Long-Term Outlook (5+ Years)
Looking further ahead, more fundamental shifts will reshape how cybersecurity is conceptualized and implemented across digital ecosystems:
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
These long-term developments will likely require significant technical breakthroughs, new regulatory frameworks, and evolution in how organizations approach security as a fundamental business function rather than a technical discipline.
Key Risk Factors and Uncertainties
Several critical factors could significantly impact the trajectory of gaming tech evolution:
Organizations should monitor these factors closely and develop contingency strategies to mitigate potential negative impacts on technology implementation timelines.
Alternative Future Scenarios
The evolution of technology can follow different paths depending on various factors including regulatory developments, investment trends, technological breakthroughs, and market adoption. We analyze three potential scenarios:
Optimistic Scenario
Rapid adoption of advanced technologies with significant business impact
Key Drivers: Supportive regulatory environment, significant research breakthroughs, strong market incentives, and rapid user adoption.
Probability: 25-30%
Base Case Scenario
Measured implementation with incremental improvements
Key Drivers: Balanced regulatory approach, steady technological progress, and selective implementation based on clear ROI.
Probability: 50-60%
Conservative Scenario
Technical and organizational barriers limiting effective adoption
Key Drivers: Restrictive regulations, technical limitations, implementation challenges, and risk-averse organizational cultures.
Probability: 15-20%
Scenario Comparison Matrix
| Factor | Optimistic | Base Case | Conservative |
|---|---|---|---|
| Implementation Timeline | Accelerated | Steady | Delayed |
| Market Adoption | Widespread | Selective | Limited |
| Technology Evolution | Rapid | Progressive | Incremental |
| Regulatory Environment | Supportive | Balanced | Restrictive |
| Business Impact | Transformative | Significant | Modest |
Transformational Impact
Technology becoming increasingly embedded in all aspects of business operations. This evolution will necessitate significant changes in organizational structures, talent development, and strategic planning processes.
The convergence of multiple technological trends—including artificial intelligence, quantum computing, and ubiquitous connectivity—will create both unprecedented security challenges and innovative defensive capabilities.
Implementation Challenges
Technical complexity and organizational readiness remain key challenges. Organizations will need to develop comprehensive change management strategies to successfully navigate these transitions.
Regulatory uncertainty, particularly around emerging technologies like AI in security applications, will require flexible security architectures that can adapt to evolving compliance requirements.
Key Innovations to Watch
Artificial intelligence, distributed systems, and automation technologies leading innovation. Organizations should monitor these developments closely to maintain competitive advantages and effective security postures.
Strategic investments in research partnerships, technology pilots, and talent development will position forward-thinking organizations to leverage these innovations early in their development cycle.
Technical Glossary
Key technical terms and definitions to help understand the technologies discussed in this article.
Understanding the following technical concepts is essential for grasping the full implications of the security threats and defensive measures discussed in this article. These definitions provide context for both technical and non-technical readers.
platform intermediate
API beginner
How APIs enable communication between different software systemsAR intermediate
Related Articles
