The next several years could be transformative for Take-Two Interactive's (TTWO -0.32%) business. While most companies like to claim that they're on the cusp of huge sales and earnings growth, the video game publisher is actually on that path.That's because management is planning dozens of significant title launches that, combined with its new casual gaming portfolio, should propel the company toward the highest levels of its industry. After trailing leaders like Electronic Arts for years, Take-Two has a go ...

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Q2 2024 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Nicole Shevins - Senior Vice President, Investor Relations and Corporate Communications Strauss Zelnick - Chairman and Chief Executive Officer Karl Slatoff - President Lainie Goldstein - Chief Financial Officer Conference Call Participants Andrew Uerkwitz - Jefferies Eric Handler - ROTH MKM Doug Creutz - TD Cowen Andrew Marok - Raymond James Eric Sheridan - Goldman Sachs Drew C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-34003 TAKE-TWO INTERACTIVE SOFTWARE, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Ju ...

Statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the ...

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Q1 2024 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Nicole Shevins - SVP, IR & Corporate Communications Strauss Zelnick - Chairman & CEO Karl Slatoff - President Lainie Goldstein - CFO Conference Call Participants Andrew Uerkwitz - Jefferies Eric Handler - ROTH MKM Matthew Thornton - Truist Securities Matthew Cost - Morgan Stanley Douglas Creutz - TD Cowen Eric Sheridan - Goldman Sachs Mario Lu - Barclays David Karnovsky - JPMorga ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-34003 TAKE-TWO INTERACTIVE SOFTWARE, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 51-0350842 (St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number 001-34003 TAKE-TWO INTERACTIVE SOFTWARE, INC. (Exact name of registrant as specified in its charter) Delaware 51-0350842 (State or Other Jurisdiction ...

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Q4 2023 Earnings Conference Call May 17, 2023 4:30 PM ET Corporate Participants Nicole Shevins - SVP, IR & Corporate Communications Strauss Zelnick - Chairman & Chief Executive Officer Karl Slatoff - President Lainie Goldstein - Chief Financial Officer Conference Call Participants Andrew Uerkwitz - Jefferies Matthew Thornton - Truist Securities Matthew Cost - Morgan Stanley Colin Sebastian - Baird Doug Creutz - TD Cowen Clay Griffin - MoffettNathanson Omar D ...

Financial Data and Key Metrics Changes - The company reported net bookings of $1.38 billion, slightly below prior guidance, attributed to cautious consumer spending during the holiday season [19][33] - GAAP net revenue increased 56% to $1.41 billion, while cost of revenue rose 97% to $692 million [48] - Operating expenses increased by 123% to $889 million, primarily due to the addition of Zynga and higher marketing and stock-based compensation expenses [48] - The GAAP net loss was $153 million, or $0.91 per share, impacted by $302 million of amortization of acquired intangibles and $24 million of business acquisition costs [48] Business Line Data and Key Metrics Changes - Recurrent consumer spending rose 117% and accounted for 78% of net bookings [46] - Digitally delivered net bookings increased 72% and represented 95% of the total [2] - The largest contributors to net bookings are expected to be NBA 2K, Grand Theft Auto Online, and Grand Theft Auto V [5] Market Data and Key Metrics Changes - The geographic net bookings split is projected to be about 65% from the United States and 35% from international markets [5] - The company expects recurrent consumer spending to grow by approximately 85% and digitally delivered net bookings to increase by approximately 60% [6] Company Strategy and Development Direction - The company is focused on enhancing profitability for its hyper-casual business and evaluating cost savings opportunities to structurally enhance margins [9][4] - The strategy includes delivering captivating entertainment experiences across all platforms and geographies, with a commitment to long-term growth [26] - The company aims to achieve over $50 million in annual savings through a cost reduction program, in addition to over $100 million in annual cost synergies from the Zynga acquisition [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a more challenging operating environment than anticipated, leading to a lowered fiscal 2023 net bookings guidance to $5.2 billion to $5.25 billion [47] - Despite the current challenges, management expressed confidence in long-term growth potential and the ability to deliver sequential growth and record performance over the next several years [22][56] Other Important Information - The company plans to release several new titles, including Kerbal Space Program 2 and WWE 2K23, with ongoing support for existing franchises [11][14] - The combination with Zynga is seen as highly accretive, with strong engagement among active players and a commitment to delivering planned synergies [46][45] Q&A Session Summary Question: Can you discuss mobile advertising integration in Zynga games? - Management confirmed that advertising has been integrated into Zynga titles that previously did not include it, and they are seeing early signs of success with direct-to-consumer platforms [51][58] Question: How is the company addressing the mobile market post-IDFA? - Management indicated that they are realigning their marketing strategy in mobile to address the post-IDFA landscape and are optimistic about future growth [94][96] Question: What are the expectations for fiscal 2024? - Management expects sequential growth and record results over the next couple of years, with specific guidance to be provided in the coming months [104] Question: How does the company view the impact of macroeconomic conditions on new releases? - Management believes that macroeconomic conditions have influenced consumer behavior, leading to a preference for established franchises and promotional titles [126][128] Question: What is the outlook for mobile game development? - Management acknowledged the challenges in developing new hits in mobile but remains optimistic about the potential for success with new titles [136][137]

TAKE-TWO INTERACTIVE SOFTWARE, INC. (NASDAQ: TTWO) THIRD QUARTER FISCAL 2023 RESULTS & GUIDANCE SUMMARY CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS Statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limite ...