Markets have closed for the day and Take-Two Interactive (TTWO) has published its earnings report for Q1 2024, giving investors and financial spectators a clear idea of how the company performed in the first quarter of its fiscal year. It’s an earnings miss for Take-Two, but revenue numbers are right in-line with analyst expectations.
The figures come from Take-Two Interactive’s recently published Q1 2024 earnings report. It shows that the company’s revenue for the latest quarter was $1.2 billion, which is precisely what Wall Street had been anticipating ahead of the release. It was a different story for earnings, though. The video game company brought in $0.38 per-share during the period, which is a bit lower than the $0.42 expectation from Wall Street.
"We had a strong start to the fiscal year and achieved Net Bookings of $1.2 billion, which was at the high end of our expectations. Our performance was led by our catalog of iconic, industry-leading intellectual properties, which continues to resonate with our player communities worldwide," said Strauss Zelnick, Chairman and CEO of Take-Two. "Our core business trends remain healthy, and we are reiterating our prior guidance of $5.45 to $5.55 billion in Net Bookings for Fiscal 2024. Our teams are making excellent progress on our strategic focus areas, including the advancement of our eagerly-anticipated development pipeline and capitalizing on our revenue-driven opportunities and synergies, all while maintaining a deep focus on efficiency."
Take-Two Interactive (TTWO) stock was quite active after the release of its earnings report, climbing to $145.24 before hitting as low as $140.14 as the financial world processed the news. In other relevant earnings news, today also saw Rivian publish its latest earnings report.