Take-Two Q2 2023 Earnings Report
Key Takeaways
Take-Two Interactive reported a 62% increase in GAAP net revenue to $1.4 billion and a 53% increase in Net Bookings to $1.5 billion for the second quarter of fiscal year 2023. The company updated its outlook for fiscal year 2023, projecting Net Bookings between $5.4 billion and $5.5 billion.
GAAP net revenue increased 62% to $1.4 billion.
Net Bookings grew 53% to $1.5 billion.
Company updated outlook for fiscal year 2023, including Net Bookings of $5.4 billion to $5.5 billion.
Recurrent consumer spending increased 95% and accounted for 79% of total GAAP net revenue.
Take-Two
Take-Two
Take-Two Revenue by Geographic Location
Forward Guidance
Take-Two is revising its outlook for the fiscal year ending March 31, 2023, and is providing its initial outlook for its fiscal third quarter ending December 31, 2022.
Positive Outlook
- GAAP net revenue is expected to range from $5.41 to $5.51 billion
- Net cash provided by operating activities is expected to be over $630 million
- Adjusted Unrestricted Operating Cash Flow (Non-GAAP) is expected to be over $650 million
- Net Bookings (operational metric) are expected to range from $5.4 to $5.5 billion
- EBITDA (Non-GAAP) is expected to range from $465 to $514 million
Challenges Ahead
- GAAP net loss is expected to range from $674 to $631 million
- GAAP net loss per share is expected to range from $4.22 to $3.95
- GAAP net revenue is expected to range from $1.43 to $1.48 billion
- GAAP net loss is expected to range from $160 to $142 million
- GAAP net loss per share is expected to range from $0.95 to $0.85
Revenue & Expenses
Visualization of income flow from segment revenue to net income