Take-Two Interactive Software, Inc.


SKU: TTWO Category:


Take-Two Interactive Software, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings. The company reported net bookings of $1.44 billion, surpassing expectations and exceeding management’s plans. In addition to expressing optimism for the company’s multiyear growth trajectory, management points to a strong and varied development pipeline as well as the approaching global release of highly anticipated games. In the quarter, Grand Theft Auto V and Grand Theft Auto Online outperformed expectations, with the former reaching approximately 190 million units sold. The GTA+ membership program is growing, providing access to a rotating selection of classic Rockstar Games titles. Zynga’s solid performance is commended, with Rollic’s Power Slap reaching over 1 billion slaps. The mobile business continues to thrive, with advertising bookings growing, profitability initiatives progressing, and hyper-casual games scaling rapidly. The integration of CitizenFX enhances user-generated content possibilities, contributing to the label’s constant innovation. Red Dead Redemption 2 surpassed plans, selling over 57 million units, while NBA 2K24 successfully launched over 4.5 million units. The company acknowledges the performance of franchise extensions and expresses gratitude to 2K and Visual Concepts for consistent innovation.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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