secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001628280-23-018699
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Take-Two FY2023: Revenue $5.35B (+53%), net loss $1.12B ($7.03 EPS) on $544M impairments
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- GAAP net revenue up 53% to $5.35B; digitally-delivered revenue 95% of total.
- GAAP net loss $1.12B ($7.03 per share) vs prior year net income $418M ($3.58 EPS).
- Impairment charges: $465.3M for acquisition intangibles, $79.1M for capitalized software dev costs.
- Recurrent consumer spending grew 84% YoY; Net Bookings $5.28B.
- Q4 FY2023 net loss $610.3M ($3.62/sh) on $1.45B revenue (+56% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000162828023018699/0001628280-23-018699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000162828023018699/ttwo-20230517.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-018699

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer