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Take-Two Interactive Software | 8-K: Take-Two Interactive Software, Inc. Reports Results for Fiscal First Quarter 2025

SEC ·  Aug 9 04:24

Summary by Futu AI

Take-Two Interactive Software, Inc. reported its financial results for the first fiscal quarter ended June 30, 2024, on August 8, 2024. The company announced net bookings of $1.22 billion, aligning with its guidance and reiterated its net bookings outlook for fiscal year 2025 of $5.55 to $5.65 billion. Despite a 1% growth in net bookings compared to the previous year's first quarter, Take-Two experienced a GAAP net loss of $262.0 million, or $1.52 per share, which is an increase from the prior year's loss of $206.0 million, or $1.22 per share. The largest contributors to net bookings included NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, among others. The company's management remains confident in their strategic path and expects to achieve sequential increases in net bookings in fiscal 2026 and 2027. Take-Two also provided an updated outlook for fiscal 2025 and initial outlook for the second quarter ending September 30, 2024. The company's shares are traded on NASDAQ under the symbol TTWO.
Take-Two Interactive Software, Inc. reported its financial results for the first fiscal quarter ended June 30, 2024, on August 8, 2024. The company announced net bookings of $1.22 billion, aligning with its guidance and reiterated its net bookings outlook for fiscal year 2025 of $5.55 to $5.65 billion. Despite a 1% growth in net bookings compared to the previous year's first quarter, Take-Two experienced a GAAP net loss of $262.0 million, or $1.52 per share, which is an increase from the prior year's loss of $206.0 million, or $1.22 per share. The largest contributors to net bookings included NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, among others. The company's management remains confident in their strategic path and expects to achieve sequential increases in net bookings in fiscal 2026 and 2027. Take-Two also provided an updated outlook for fiscal 2025 and initial outlook for the second quarter ending September 30, 2024. The company's shares are traded on NASDAQ under the symbol TTWO.

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