From Barchart: 2024-05-16 16:42:10

Video game publisher Take-Two (NASDAQ:TTWO) exceeded analysts’ expectations in Q1 CY2024 with revenue of $1.40 billion, down 3.2% YoY. It made a GAAP loss of $17.02 per share. Revenue guidance for Q2 CY2024 is $1.33 billion, beating estimates. Management forecasts FY2025 revenue of $5.62 billion, missing estimates by 19.8%. Take-Two is known for franchises like Grand Theft Auto and NBA 2K. Sales Growth for Take-Two has been mediocre in recent years, with quarterly revenue down 3.2% YoY. The company expects 3.1% YoY revenue growth in Q2 CY2024 and 5.1% YoY growth for FY2025.

Overall, Take-Two had a mediocre quarter with weak revenue growth. The company is down 4.2% on the results and currently trades at $140 per share. Take-Two may present an investment opportunity, considering valuation and business qualities.



Read more at Barchart: Beats On Revenue But Full-Year Sales Guidance Misses Expectations