Take-Two Interactive (TTWO) CEO Strauss Zelnick blames earnings miss on 'macroeconomic conditions'
Marvel's Midnight Suns was among the new releases that appear to have underperformed.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
Marvel's Midnight Suns was among the new releases that appear to have underperformed.
Take-Two Interactive is tempering expectations for the upcoming fiscal year in the wake of Monday's earnings report.
Take-Two expects to deliver $5.8 to $5.9 billion in Net Bookings as it adds Zynga into the mix.
Following a vote of approval by shareholders, the $12.7 billion deal will go through and Zynga will be absorbed into Take-Two on Monday.
The parent company behind Rockstar Games, 2K, and so much more had a strong quarter of revenue, but came up short on earnings per share.
While the company reported its highest ever Q1 advertising revenue and bookings, Zynga still wasn't able to beat Wall Street revenue expectations.
Zynga's out with their Q4 2021 earnings release, and the numbers are not great. It probably doesn't matter since Take-Two Interactive has already acquired them, but check out the results here.
Take-Two is aiming to become a global leader in the mobile gaming marketplace alongside its traditional gaming empire.
Zynga has released its Q3 2021 earnings, showing solid performance for the entertainment company.
As part of its Q3 2021 quarterly earnings reporting, Zynga announced plans to integrate NFTs and blockchain tech into its gaming ecosystem.