Take-Two Interactive (TTWO) lowers FY 2024 revenue forecast
Take-Two Interactive's forecast for the full fiscal year is well below analyst expectations.
Take-Two Interactive (TTWO), one of the gaming industry’s biggest publishers, has released its earnings report for Q3 2024. In addition to showing a beat on earnings and revenue, the company provided some guidance for the full fiscal year 2024. Despite a rather fruitful quarter, Take-Two has lowered its guidance for FY 2024.
Take-Two Interactive shared its updated guidance for the fiscal year in its Q3 2024 earnings report. While analysts were originally predicting $5.5 billion for Take-Two’s full-year revenue, the publisher is now forecasting somewhere in the range of $5.27 to $5.32 billion. The company particularly cites a decrease in sales of mobile ads and NBA 2K24 as leading causes for the change in outlook.
![Take-Two Interactive's stock chart as of February 8, 2024](https://d1lss44hh2trtw.cloudfront.net/resize?type=webp&url=https%3A%2F%2Fshacknews-www.s3.amazonaws.com%2Fassets%2Feditorial%2F2024%2F02%2F2k24.png&width=986&sign=WfTsHFsRh5i1nz_Nh5lCURwA4nqtW_DEUjqddFJiMGs)
Despite the lowered guidance, there was still plenty of good news to be found in Take-Two’s latest report. This included the fact that Red Dead Redemption 2 has surpassed 61 million copies sold. Stick with Shacknews for the latest financial news out of the gaming business.
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Donovan Erskine posted a new article, Take-Two Interactive (TTWO) lowers FY 2024 revenue forecast