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Sep 30, 2021
Take-Two Q2 2022 Earnings Report
Reported strong results, driven by strong engagement across key franchises and raised its Net Bookings outlook for fiscal year 2022.
Key Takeaways
Take-Two Interactive reported strong results for the second quarter of fiscal year 2022, with Net Bookings increasing by 3% to $984.9 million. The company raised its Net Bookings outlook for fiscal year 2022 to $3.3 to $3.4 billion, reflecting confidence in its ability to capitalize on positive industry trends.
GAAP net revenue increased 2% to $858.2 million.
Net Bookings increased 3% to $984.9 million.
Company raised its Net Bookings outlook for fiscal year 2022 to $3.3 to $3.4 billion.
Company repurchased 1.26 million shares of common stock for approximately $200 million at an average share price of $158.67.
Take-Two
Take-Two
Take-Two Revenue by Segment
Take-Two Revenue by Geographic Location
Revenue by Segment
Mobile Revenue
CapyFin.comConsole Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Take-Two is raising its outlook for the fiscal year ending March 31, 2022 and providing its initial outlook for its fiscal third quarter ending December 31, 2021.
Positive Outlook
- GAAP net revenue is expected to range from $3.35 to $3.45 billion
- GAAP net income is expected to range from $320 to $350 million
- GAAP diluted net income per share is expected to range from $2.75 to $3.00
- Net cash provided by operating activities is expected to be over $380 million
- Net Bookings are expected to range from $3.3 to $3.4 billion
Challenges Ahead
- GAAP net revenue is expected to range from $840 to $890 million
- GAAP net income is expected to range from $99 to $111 million
- GAAP diluted net income per share is expected to range from $0.85 to $0.95
- Net Bookings are expected to range from $800 to $850 million
- Capital expenditures are expected to be approximately $170 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income