secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001628280-24-003879
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000162828024003879/0001628280-24-003879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000162828024003879/ttwo-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003879

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