| (USD) | Dec 2022 | Q/Q |
|---|---|---|
| Revenue | 1.4B | +1% |
| Gross Profit | 715.9MM | +5% |
| Cost Of Revenue | 691.9MM | - |
| Operating Income | -172.9MM | -32% |
| Operating Expenses | 888.8MM | -5% |
| Net Income | -153.4MM | -40% |
| G&A | 168.9MM | -21% |
| Marketing | 446.7MM | +1% |
| Amortization | 301.9MM | -6% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Take-Two Interactive surpassed revenue targets in Q4 but struggled against profit expectations.
GameStop (GME) plummeted more than 20% after announcing it may issue up to 45 million additional shares. The video game retailer also released first quarter preliminary results that show a decline in net sales from the same quarter a year ago. Overall, stocks (^DJI,^GSPC, ^IXIC) are relatively flat, but still on track to post weekly gains. Investors next week will start turning their attention to earnings from retailers like Macy’s (M) and Target (TGT) as well as tech giant Nvidia (NVDA). Trendi...
GameStop’s actual business may matter little to the meme stock investors who jumped back into the shares this week. As part of its fiscal fourth-quarter report late Thursday, video game publisher Take-Two Interactive said “Grand Theft Auto VI” is now expected to launch in the fall of 2025, nearly a year later than the company had seemed to project a year ago. Then, the Wall Street Journal reported Friday morning that Microsoft is planning to launch the next big “Call of Duty” installment over ...
Shares of Take-Two Interactive rose Friday after the company said its next "Grand Theft Auto" game will launch in fall 2025 and lowered its outlook. Late Thursday, the videogame company said it expects net bookings for the fiscal year ending in March 2025 of $5.55 billion to $5.65 billion. + Take-Two said the change reflects the newly disclosed launch timing for “Grand Theft Auto VI,” which is now due to land in fiscal 2026.
The videogame company pushed back the launch date for the next version of the blockbuster game, but analysts remain positive.
Gamers have been eagerly awaiting a Grand Theft Auto sequel since the last one came out more than 10 years ago. Likewise, a launch in fiscal 2025 that was indicated by the company’s updated outlook last year won’t be happening either. Take-Two on Thursday officially projected net bookings of about $5.6 billion for the current fiscal year, up 5% from the just-ended year but well below the “over $8 billion” the company originally said it would hit.
Video game developer Take-Two Interactive (TTWO) — which owns publishers Rockstar Games and 2K — divulged that the long-awaited Grand Theft VI will be released in the fall of 2025. The stock is reacting in pre-market trading to the company's fiscal first-quarter earnings which reported a net loss of $2.9 billion. The Morning Brief crunches the numbers on Take-Two's latest earnings figures. For more expert insight and the latest market action, click here to watch this full episode of Morning Brie...
Take-Two's Full-Year Bookings Estimate Lowered by Wedbush as Grand Theft Auto VI Release Gets Pushed to Fall 2025
Investing.com -- Main U.S. indexes traded largely flat Friday, searching for direction after the major stock indices hit record highs and as the earnings season draws to an end.
Take-Two's (TTWO) fourth-quarter fiscal 2024 results suffer due to dullness in consumer spending and weak Gaming revenues.