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Dec 31, 2021
Take-Two Q3 2022 Earnings Report
Reported strong results, exceeding net bookings expectations and raising net bookings guidance for fiscal year 2022.
Key Takeaways
Take-Two Interactive Software, Inc. reported strong results for the third quarter of fiscal year 2022, with GAAP net revenue increasing 5% to $903.3 million and net bookings growing 6% to $866.1 million. The company raised its net bookings outlook for fiscal year 2022 to $3.37 billion to $3.42 billion.
GAAP net revenue increased 5% to $903.3 million.
Net Bookings grew 6% to $866.1 million.
The Company raised its Net Bookings outlook for fiscal year 2022 to $3.37 billion to $3.42 billion.
Digitally-delivered Net Bookings were up 12% to $762.3 million.
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 fourth quarter ending March 31, 2022.
Positive Outlook
- GAAP net revenue is expected to range from $3.41 to $3.46 billion for fiscal year 2022.
- GAAP net income is expected to range from $361 to $373 million for fiscal year 2022.
- GAAP diluted net income per share is expected to range from $3.10 to $3.20 for fiscal year 2022.
- Net cash provided by operating activities is expected to be over $340 million for fiscal year 2022.
- Adjusted Unrestricted Operating Cash Flow (Non-GAAP) is expected to be over $400 million for fiscal year 2022.
Challenges Ahead
- GAAP net revenue is expected to range from $835 to $885 million for the fourth quarter ending March 31, 2022.
- GAAP net income is expected to range from $53 to $65 million for the fourth quarter ending March 31, 2022.
- GAAP diluted net income per share is expected to range from $0.46 to $0.56 for the fourth quarter ending March 31, 2022.
- Share count used to calculate both GAAP and management reporting diluted net income per share is expected to be 116.6 million for the fourth quarter ending March 31, 2022.
- Net Bookings (operational metric) are expected to range from $808 to $858 million for the fourth quarter ending March 31, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income