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Dec 31, 2023
Take-Two Q3 2024 Earnings Report
Reported solid third quarter results with Net Bookings of $1.3 billion, driven by Grand Theft Auto V and Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases, led by Toon Blast.
Key Takeaways
Take-Two Interactive reported solid third quarter results, with Grand Theft Auto V and Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases exceeding expectations. However, the company is reducing its outlook for the year due to softness in mobile advertising and sales for NBA 2K24, as well as a planned release moving out of the fourth quarter, and increased marketing for Zynga’s new hit mobile game, Match Factory!.
Total Net Bookings decreased 3% to $1.34 billion.
GAAP net revenue decreased 3% to $1.37 billion.
GAAP net loss was $91.6 million, or $0.54 per share.
The company is working on a significant cost reduction program across its entire business to maximize margins.
Take-Two
Take-Two
Take-Two Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Take-Two is revising its outlook for the fiscal year ending March 31, 2024 and providing its initial outlook for its fiscal fourth quarter ending March 31, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income