8-K
filed May 16, 2024, 7:59 PM ET
ticker TTWO
CIK 0000946581
earnings
confidence high
sentiment neutral
materiality 0.85
Take-Two Q4 net bookings $1.35B beats guidance; GTA VI window narrowed to Fall 2025; FY25 net bookings $5.55-$5.65B
TAKE TWO INTERACTIVE SOFTWARE INC
2024-FY EPS reported
-$22.01
revenue$5,349,600,000
- Q4 net bookings $1.35B exceeded high-end of guidance; recurrent consumer spending 79% of total Net Bookings.
- Q4 GAAP net loss $2.90B, including $2.18B goodwill impairment, $304.3M intangible impairment, and $93.3M reorganization costs.
- FY25 net bookings guidance $5.55-$5.65B; GAAP net loss per share expected $(3.90)-$(3.50).
- GTA VI release window narrowed from calendar 2025 to Fall 2025.
- FY24 net bookings $5.33B (+1% YoY); GAAP net loss $3.74B, including $2.34B goodwill impairment.
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 fourth fiscal quarter ended March 31, 2024 results: revenue $1.40 billion, net income $2.90 billion, EPS $17.02 per share. Guidance initiated.
- Period
- fourth fiscal quarter ended March 31, 2024
- Revenue
- $1.40 billion
- Net income
- $2.90 billion
- EPS
- $17.02 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
• Total Net Bookings* decreased 3% to $1.35 billion, as compared to $1.39 billion during last year’s fiscal fourth quarter. ◦ Net Bookings from recurrent consumer spending** decreased 2% and accounted for 79% of total Net Bookings. ◦ The largest contributors to Net Bookings were NBA® 2K24, Grand Theft Auto® Online and Grand Theft Auto V, Toon BlastTM , Empires & PuzzlesTM, our hyper-casual mobile portfolio, Red Dead Redemption® 2 and Red Dead Online, WWE® 2K24 , Match Factory!, Words With FriendsTM, and Merge Dragons!TM. • GAAP net revenue decreased 3% to $1.40 billion, as compared to $1.45 billion in last year’s fiscal fourth quarter. ◦ Recurrent consumer spending** decreased 2% and accounted for 79% of total GAAP net revenue. ◦ The largest contributors to GAAP net revenue were NBA 2K24 and NBA 2K23, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, Empires & Puzzles, our hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, WWE 2K24, Match Factory!, and
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
TAKE TWO INTERACTIVE SOFTWARE INC reported fiscal year ended March 31, 2024 results: revenue $5.35 billion, net income $3.74 billion, EPS $22.01 per share. Guidance initiated.
- Period
- fiscal year ended March 31, 2024
- Revenue
- $5.35 billion
- Net income
- $3.74 billion
- EPS
- $22.01 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fiscal Year 2024 Financial and Operational Highlights • Total Net Bookings* increased 1% to $5.33 billion, as compared to $5.28 billion during last fiscal year. ◦ Net Bookings from recurrent consumer spending** increased 2% and accounted for 78% of total Net Bookings. ◦ The largest contributors to Net Bookings were NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast , Empires & Puzzles, our hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, Words With Friends, and Merge Dragons!. • GAAP net revenue was flat at $5.35 billion when compared to last fiscal year. ◦ Recurrent consumer spending** increased 1% and accounted for 79% of total GAAP net revenue. ◦ The largest contributors to GAAP net revenue were NBA 2K23 and NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, our hyper-casual mobile portfolio, Empires & Puzzles, Red Dead Redemption 2 and Red Dead Online, Merge Dragons!, Words With Friends, and Zynga Poker . • GAAP net loss
View on SEC.gov
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