Take-Two Interactive (TTWO) Q2 2023 earnings


TTWO misses on earnings and revenue, ATVI beats on revenue

Take-Two stock dropped more than 15% in extended trading on Monday after the company reported fiscal second-quarter 2023 results. It said its outlook in the current quarter and for fiscal 2023 would be lower than previously expected.

Here’s how the company did:

  • Loss: $1.54 loss per share
  • Revenue: $1.5 billion, vs. $1.55 billion as expected by analysts, according to Refinitiv

Take-Two said in a statement that its fiscal 2023 net bookings would come in between $5.4 billion and $5.5 billion, lower than the company’s previous expectations of $5.77 billion at the midpoint.

Analysts surveyed by Refinitiv expected $5.88 billion in sales for the year. Take-Two’s net bookings primarily includes…

Source cnbc.com

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