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Take-Two Interactive Software(TTWO) - 2024 Q4 - Annual Report
2024-05-22 01:04
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, 2024 ☐ 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 (State or Other Jurisdiction of Incorporat ...
Navigating Take-Two Interactive's Q4 2024 Financial Performance
fool.com· 2024-05-17 20:40
Take-Two Interactive Software (TTWO 1.21%), the publisher behind blockbuster game franchises like "Grand Theft Auto" and "NBA 2K," released its earnings for the fourth quarter of fiscal year 2024 on May 16. The results showed both triumphs in revenue and challenges in profitability. Total net revenue for the quarter was $1.3994 billion, surpassing management's guidance of $1.323 billion to $1.373 billion. However, the substantial goodwill impairment charges contributed to a net loss per share of $17.02, far ...
Take-Two Interactive Sets 'Grand Theft Auto VI' Release Date
investopedia.com· 2024-05-17 17:10
Key Takeaways Take-Two Interactive said its highly anticipated "Grand Theft Auto VI" video game would be released in the fall of 2025. Previously, it had said that the latest version of the hit franchise would be released sometime next year but didn't specify a timing. Take-Two Interactive warned, however, that because of the timing of the game's release, it reduced its forecast for fiscal 2025 net bookings. Take-Two Interactive Software (TTWO) shares edged higher in intraday trading Friday, a day after the ...
Video Game Stock Higher Despite GTA Delay
schaeffersresearch.com· 2024-05-17 14:46
Drilling down to today's options activity, 5,564 calls and 14,000 puts have already swapped hands, volume that's 19 times the intraday average amount. The most popular contract is the June 145 put, where sell to open activity is occurring. A premium-selling strategy could be the move for the video game stock. TTWO sports a Schaeffer's Volatility Scorecard (SVS) of 7 out of 100. In other words, both equities has consistently realized lower volatility than its options have priced in. It might be time to monit ...
TTWO Stock Alert: Why Is Take-Two Interactive Trending Today?
investorplace.com· 2024-05-17 14:13
Take-Two Interactive Software (NASDAQ:TTWO) stock is on the move Friday following the release of the video game publishing company's preliminary fiscal Q4 2024 earnings report. The bad news for TTWO stock comes from its net loss of $2.9 billion, or $17.02 per share. That's a massive drop compared to its net loss of $610.3 million, or $3.62 per share reported in the same period of the year prior. Take-Two Interactive Software also reported revenue of $1.4 billion for the quarter. That's better than the $1.32 ...
Take-Two Interactive Software Offers 2nd Chance for Investors
marketbeat.com· 2024-05-17 13:47
Key Points Take-Two Interactive Software (NASDAQ: TTWO) turned a corner in 2022, which resulted in a 60% upswing in the stock price. The growth outlook is intact, but the Q4 results and 2025 guidance have reset the market. The problem is that the timeline for the release of Grand Theft Auto VI, the company's flagship offering, was pushed out to early F2026 and significantly impacted the outlook for this year. Take-Two isn't in trouble; it is in excellent shape with a solid pipeline of new releases slated fo ...
Take-Two (TTWO) Q4 Loss Widens Y/Y, Revenues Decline
zacks.com· 2024-05-17 13:15
Quarter Details Recurrent consumer spending (which is generated from ongoing consumer engagement and includes virtual currency, add-on content, in-game purchases and advertising) decreased 2% year over year. It accounted for 79% of total GAAP net revenues. Recurrent consumer spending declined due to Grand Theft Auto Online, although it was up for virtual currency and GTA+. Take-Two Interactive Software (TTWO) incurred fourth-quarter fiscal 2024 GAAP net loss of $17.02 per share, wider than a loss of $3.62 r ...
Take-Two Interactive Software(TTWO) - 2024 Q4 - Earnings Call Transcript
2024-05-16 23:57
Operator Thanks, good afternoon. Maybe a couple for me. I guess, first off on the change to the guidance and the outlook. What is your level of confidence, Strauss, in the calendar '25 launch of GTA VI. And is there anything else more specific you can talk about that's behind that postponement. And then secondly, on the high single-digit mobile growth. I'm curious how much of that is related to any recovery you're seeing broadly in mobile gaming? Or is that more specific to the increase in marketing spend a ...
‘GTA 6' Narrows Down Release Date As Take-Two Reports Massive $2.9 Billion Quarterly Loss
forbes.com· 2024-05-16 23:10
GTA 6 Credit: Rockstar Well there's good news and bad news, I'm afraid. The good news is we've gotten just a tiny bit closer to the actual release date of Rockstar Games' highlyanticipated Grand Theft Auto VI. We already knew that Rockstar was planning to release the game sometime in 2025, but that window has shrunk to Fall of 2025, parent company Take-Two Interactive revealed in an earnings call today. The bad news is that Take-Two posted a massive $2.9 billion loss in its fourth fiscal quarter (Jan 1st - ...
Take-Two (TTWO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
zacks.com· 2024-05-16 23:01
Take-Two Interactive (TTWO) reported $1.35 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.2%. EPS of $0.31 for the same period compares to $0.85 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.3 billion, representing a surprise of +3.92%. The company delivered an EPS surprise of +342.86%, with the consensus EPS estimate being $0.07. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...