Take-Two Reports Mixed Quarterly Results as Q4 Earnings Miss Estimates

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Investing.com – -Take-Two reported Monday mixed quarterly results as earnings missed, but revenue topped Wall Street estimates, 

Take-Two Interactive Software (NASDAQ:TTWO) was flat after-hours following the report.

The company reported EPS of $0.95, missing estimates of $1.01, while revenue of $930 million was ahead of forecasts of $883.3 million.

Net Bookings – the net amount of products and services sold digitally or sold-in physically – grew 8% to $845.8 million.

The largest contributors to net bookings were NBA 2K22; Grand Theft Auto Online and Grand Theft Auto V; Tiny Tina’s Wonderlands; WWE 2K22; Red Dead Redemption 2 and Red Dead Online; Top Eleven; Two Dots; and Grand Theft Auto: The Trilogy – The Definitive Edition, the company said. 

For fiscal Q2, the company expected EPS in a range of $0.80 to $0.90 a share on revenue of $810 million to $860 million. Net bookings were expected between $700 to $750 million. That compared with estimates for EPS of $0.94 on revenue of $809.8.

Looking ahead to fiscal 2023, the company guided EPS in a range of $1.90 to $2.15 on revenue of $3.67 to $3.77 billion.