Categories AlphaGraphs, Earnings, Technology
Earnings: Highlights of Take-Two Interactive’s (TTWO) Q4 2023 results
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) on Wednesday said its fourth-quarter 2023 revenues increased sharply, aided by strong booking growth.
March-quarter revenues rose 56% annually to $1.45 billion from $930 million in the corresponding period of 2022. Net bookings climbed 65% to around $1.39 billion.
The company reported a net loss of $610.3 million or $3.62 per share for the fourth quarter, compared to a profit of $110.9 million or $0.95 per share last year. Adjusted EBITDA declined to $87 million from $156.8 million in the fourth quarter of 2022.
“We finished fiscal 2023 with momentum. Our fourth quarter Net Bookings were $1.4 billion, above the high end of our guidance range, driven by Grand Theft Auto V and Grand Theft Auto Online, Red Dead Redemption 2, and Zynga’s mobile portfolio,” said Strauss Zelnick, chief executive officer of Take-Two.
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