Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported first quarter 2022 earnings results today.
Net revenue decreased 2% year-over-year to $813.3 million.
GAAP net income increased 72% to $152.3 million, or $1.30 per share, compared to the year-ago quarter.
Net bookings declined 29% to $711.4 million.
Net revenue is expected to range between $740-790 million for the second quarter of 2022 and $3.14-3.24 billion for the full year of 2022.
While revenue and earnings beat market estimates, the outlook failed to impress and the stock dropped over 3% during aftermarket hours.
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