Categories AlphaGraphs, Earnings, Technology
TTWO Earnings: Take-Two Interactive slips to a loss in Q1; revenue up 36%
Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth.
First-quarter revenues rose 36% annually to $1.1 billion from $813.3 million in the corresponding period of 2022 and came in slightly above analysts’ estimates. Net bookings moved up 41% annually to around $1 billion.
Meanwhile, the company incurred a loss of $104.0 million or $0.76 per share for the June quarter, compared to a profit of $152.3 million or $1.30 per share in the prior-year quarter.
Check this space to read management/analysts’ comments on Take-Two’s Q1 2023 results
The company’s stock closed Monday’s regular trading lower and lost further during the extended session after the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
NFLX Earnings: Netflix Q1 2025 revenue and profit beat estimates
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025, as its subscriber base continued to expand. Both revenue and the bottom line
Another tough quarter in the cards as Intel prepares for Q1 2025 earnings
Intel Corporation (NASDAQ: INTC) has been facing intense competition from rivals Nvidia in AI chips and AMD in CPUs, lately. The Semiconductor giant issued weak guidance after reporting lower revenues
What to expect when American Airlines (AAL) reports Q1 2025 earnings results
Shares of American Airlines Group (NASDAQ: AAL) stayed red on Thursday. The stock has dropped 48% over the past three months. The airline is slated to report its earnings results
