Take-Two Q1 Net Bookings $1.20B, up 20%; net loss widens to $206M

TAKE TWO INTERACTIVE SOFTWARE INC

2024-Q1 EPS reported -$1.22 revenue$1,284,700,000

Net Bookings $1.20B (+20% YoY); driven by GTA Online, GTA V, NBA 2K23.
GAAP net revenue $1.28B (+17%); GAAP net loss $206M ($1.22/sh) vs loss $104M ($0.76/sh).
Recurrent consumer spending grew 38%, representing 84% of Net Bookings.
FY2024 Net Bookings outlook reiterated at $5.45-$5.55B; GAAP guidance revised lower.
Management sees 'significant inflection point in fiscal 2025' with record operating performance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TAKE TWO INTERACTIVE SOFTWARE INC reported first fiscal quarter ended June 30, 2023 results: revenue $1.28 billion, net income $206.0 million, EPS $1.22 per share. Guidance reaffirmed.

Period: first fiscal quarter ended June 30, 2023
Revenue: $1.28 billion
Net income: $206.0 million
EPS: $1.22 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Empires & PuzzlesTM, Toon BlastTM, Merge Dragons!TM, Words With FriendsTM, Red Dead Redemption® 2 and Red Dead Online, and Toy BlastTM. • GAAP net revenue increased 17% to $1.28 billion, as compared to $1.10 billion in last year’s fiscal first quarter. ◦ Recurrent consumer spending** increased 29% and accounted for 83% of total GAAP net revenue. ◦ The largest

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Source: SEC EDGAR

accession 0001628280-23-028199

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