Take-Two Q3 FY2024 net bookings $1.34B, down 3% YoY; cuts FY2024 outlook

TAKE TWO INTERACTIVE SOFTWARE INC

2024-Q3 EPS reported -$4.95 revenue$3,950,200,000

GAAP net revenue $1.37B (-3% YoY); GAAP net loss $91.6M ($0.54 loss per share) vs. loss of $153.4M last year.
Net Bookings $1.34B (-3% YoY); recurrent consumer spending down 7% (75% of total bookings).
Revised FY2024 Net Bookings forecast to $5.25-$5.3B; GAAP net loss per share $(5.95)-$(5.85).
CEO cites softness in mobile advertising and NBA 2K24; launching incremental cost reduction program to expand margins.
Non-GAAP EBITDA guidance $313-$334M; capex ~$150M; operating cash flow ~$90M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TAKE TWO INTERACTIVE SOFTWARE INC reported third fiscal quarter ended December 31, 2023 results: revenue $1.37 billion, net income $91.6 million, EPS $0.54 per share.

Period: third fiscal quarter ended December 31, 2023
Revenue: $1.37 billion
Net income: $91.6 million
EPS: $0.54 per share
Result: reported results

Exact text from the filing

Dead Redemption® 2 and Red Dead Online, Words With FriendsTM, Grand Theft Auto: The Trilogy - The Definitive Edition, and Merge Dragons!TM. • GAAP net revenue decreased 3% to $1.37 billion, as compared to $1.41 billion in last year’s fiscal third quarter. ◦ Recurrent consumer spending** decreased 7% and accounted for 76% of total GAAP net revenue. ◦ The largest

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TAKE TWO INTERACTIVE SOFTWARE INC reported fiscal year ending March 31, 2024 results: revenue $5.25 to $5.3 billion. Guidance lowered.

Period: fiscal year ending March 31, 2024
Revenue: $5.25 to $5.3 billion
Guidance: lowered
Result: guidance update

Exact text from the filing

Our revised Net Bookings forecast is $5.25 to $5.3 billion.

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Source: SEC EDGAR

accession 0001628280-24-003879

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