earnings
confidence high
sentiment negative
materiality 0.75
Take-Two Q2 FY2024 net bookings $1.44B down 4% YoY; GAAP net loss $543.6M
TAKE TWO INTERACTIVE SOFTWARE INC
2024-Q2 EPS reported
-$4.42
revenue$2,583,900,000
- GAAP net loss of $543.6M ($3.20 per share) vs $257.0M loss last year; includes $219.7M intangible and $165.4M goodwill impairment.
- Net bookings $1.44B, down 4% YoY; recurrent consumer spending accounted for 78% of total bookings.
- Largest contributors: NBA 2K24/23, GTA V/Online, and mobile portfolio (Empires & Puzzles, Toon Blast).
- Fiscal 2024 net bookings guidance reaffirmed at $5.45-$5.55B; GAAP revenue outlook narrowed to $5.37-$5.47B.
- Q3 FY2024 outlook: net bookings $1.30-$1.35B; GAAP net loss per share $(0.73)-$(0.63).