secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-028199
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000162828023028199/0001628280-23-028199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000162828023028199/ttwo-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028199

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