Second-quarter revenues rose 63% annually to $1.40 billion from $858.2 million in the corresponding period of 2022 but fell short of analysts’ estimates. Net bookings moved up 53% to around $1.5 billion.
Meanwhile, the company incurred a loss of $257 million or $1.54 per share in the September quarter, compared to a profit of $10.2 million or $0.09 per share in the prior-year quarter. Analysts had predicted net income for the latest quarter.
Check this space to read management/analysts’ comments on Take-Two’s Q2 2023 results
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The company’s stock closed Monday’s regular trading lower and continued to lose the extended session after the earnings announcement.
