Take-Two Interactive Shares Fall After Q4 Results, FY 2025 Outlook

Take-Two Interactive Software, Inc. TTWO reported its fourth-quarter financial results after the bell Thursday. Here's a look at the details. 

The Details: Take-Two Interactive reported adjusted earnings of $1.21 per share and quarterly sales of $1.399 billion, beating the $1.299 billion analyst consensus estimate.

Total Net Bookings decreased 3% to $1.35 billion, as compared to $1.39 billion from the prior year’s fiscal fourth quarter.

Net Bookings from recurrent consumer spending decreased 2% and accounted for 79% of total Net Bookings. Take-Two said the largest contributors to Net Bookings were NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, Empires & Puzzles, its hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, WWE 2K24, Match Factory!, Words With Friends and Merge Dragons!.

“We concluded Fiscal 2024 with strong fourth-quarter results, including Net Bookings of $1.35 billion, which exceeded the high-end of our guidance range. Many of our key franchises outperformed, including NBA 2K24; Zynga’s in-app purchases, led by Toon Blast and our newest hit, Match Factory!; the Red Dead Redemption series and the Grand Theft Auto series,” said Strauss Zelnick, CEO of Take-Two.

Outlook: Take-Two sees fiscal year 2025 Net Bookings in a range of $5.55 billion to $5.65 billion. The company said the outlook reflects a narrowing of Rockstar’s previously established window to Fall of Calendar 2025 for Grand Theft Auto VI.

“We are highly confident that Rockstar Games will deliver an unparalleled entertainment experience, and our expectations for the commercial impact of the title continue to increase. Looking ahead, we believe that our Company is poised to achieve new levels of success, and we expect to deliver sequential growth in Net Bookings for Fiscal 2025, 2026, and 2027,” said Zelnick.

TTWO Price Action: According to Benzinga Pro, Take-Two Interactive Software shares are down 3.66% at $140.74 after-hours at the time of publication Thursday.

Related News: What’s Going On With Faraday Future Intelligent Electric Stock?

Photo: Victoria from Pixabay