Take-Two Interactive Software reports wider Q3 loss, but shares rise on U.S. revenue growth

From Nasdaq: 2025-02-07 12:51:00

Take-Two Interactive Software, Inc. incurred a third-quarter fiscal 2025 net loss of 72 cents per share, wider than the year-ago quarter. Revenues from the United States increased, while international revenues decreased. Game revenues rose, but advertising revenues plunged. Bookings improved, with shares rising post-results but underperforming year-to-date. Quarterly Details revealed growth in recurrent consumer spending and digital online revenues.

Operating Details showed a surge in GAAP gross profit and an increase in operating expenses. The company’s balance sheet reflected an increase in cash but also a significant debt. For Q4 & FY25, Take-Two expects a range of net revenues, operating expenses, and loss per share. They also anticipate growth in Net Bookings and recurrent consumer spending.

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Read more at Nasdaq: TTWO Q3 Earnings Miss Estimates, Shares Rise on U.S. Revenue Growth