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Sep 30, 2020

Take-Two Q2 2021 Earnings Report

Take-Two reported strong results driven by the outperformance of NBA 2K, PGA TOUR 2K21, and the Mafia: Definitive Editions and Mafia: Trilogy.

Key Takeaways

Take-Two Interactive reported strong fiscal second quarter 2021 results, with net revenue reaching $841.1 million and net bookings growing to $957.5 million. The company raised its outlook for fiscal year 2021, expecting record net bookings.

GAAP net revenue was $841.1 million.

GAAP net income per diluted share increased 37% to $0.86.

Net Bookings grew to $957.5 million.

Company raises outlook for fiscal year 2021, including record Net Bookings.

Total Revenue
$958M
Previous year: $951M
+0.7%
EPS
$1.99
Previous year: $1.93
+3.1%
Net Bookings
$958M
Previous year: $951M
+0.7%
Gross Profit
$409M
Previous year: $390M
+4.9%
Cash and Equivalents
$2.39B
Previous year: $762M
+213.1%
Free Cash Flow
$165M
Previous year: $20.1M
+723.5%
Total Assets
$5.84B
Previous year: $4.82B
+21.2%

Take-Two

Take-Two

Take-Two Revenue by Segment

Forward Guidance

Take-Two provided its initial outlook for its fiscal third quarter ending December 31, 2020 and increased its outlook for the fiscal year ending March 31, 2021.