- Take-Two’s 2Q net bookings surpassed estimates, reporting $1.44 billion, a 4% year-over-year decrease.
- Digital Online net bookings were $1.37 billion, down 3.5% from the previous year, slightly beating the estimate of $1.36 billion.
- Physical Retail and Other net bookings were slightly below the estimate at $73.3 million, a 13% year-over-year decrease.
- Console net bookings saw a slight increase of 0.3% year-over-year, reaching $678.9 million.
- Mobile net bookings decreased by 7.2% year-over-year to $661.9 million.
- PC and other net bookings were at $104.1 million, a 9.4% decrease from the previous year.
- US net bookings decreased 3.3% year-over-year to $915.8 million, while International net bookings decreased 5.1% to $529.1 million.
- The adjusted EPS was $1.22, surpassing the estimate of $1.02.
- Total net revenue was $1.30 billion, a 6.8% year-over-year decrease.
- R&D expenses were $234.3 million, a 3.7% year-over-year decrease, and below the estimate of $239.3 million.
- The operating loss was $543.7 million, more than double the loss from the previous year.
- For the third quarter, Take-Two forecasts net bookings between $1.30 billion to $1.35 billion, and adjusted EPS between 65c to 75c.
- For the 2024 fiscal year, the company maintains its net bookings forecast between $5.45 billion to $5.55 billion.
- Despite the ongoing macroeconomic uncertainty, the CEO believes the company is well positioned for the holiday season.
- Take-Two’s shares rose 2.4% in post-market trading to $146.90.
- The company holds a positive rating with 22 buys, 6 holds, and 1 sell.
Take Two Interactive Software, Inc on Smartkarma
Analysts at Smartkarma, an independent investment research network, have released two research reports on Take Two Interactive Software, Inc. Baptista Research, one of the top independent analysts, provides a ‘Bull’ sentiment in both reports, with the first report highlighting the major drivers behind Take-Two’s billion-dollar bookings. Notable successes were observed in titles like Graft Theft Auto Online, Grand Theft Auto V, and NBA 2K23, surpassing projections. The second report from Baptista Research focuses on the longer development timelines as a potential problem, with Take-Two expecting full-year net bookings from $5.45 billion to $5.55 billion. They give Take-Two Interactive Software a ‘Hold’ rating with a revised target price.
A look at Take Two Interactive Software, Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Take Two Interactive Software, Inc. is a company that develops, markets, distributes, and publishes interactive entertainment software games and accessories. The company has a long-term outlook that is positive, as indicated by their Smartkarma Smart Scores. Take Two Interactive Software, Inc. scored a 3 for Value, 1 for Dividend, 2 for Growth, 3 for Resilience, and 4 for Momentum. This indicates that the company has a strong outlook for the future, with strong value, resilience, and momentum, and a good outlook for growth and dividends.
Take Two Interactive Software, Inc. is well-positioned to succeed in the future. Their products are available through physical retail, digital download, online, and cloud streaming services, allowing them to reach a wide range of customers. The company’s strong outlook and wide variety of products make it likely that they will continue to be successful in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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