Categories AlphaGraphs, Analysis, LATEST, Technology

Take-Two Interactive Q1 earnings: What to expect

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is scheduled to report first-quarter 2020 earnings results on Monday, August 5, after the regular trading hours. The company will be hoping to continue the rally that it has been witnessing since March this year when it sunk to a 52-year low driven by industry-wide sell-off.  

Riding on the popularity of its hit titles – NBA 2K, Grand Theft Auto and Red Dead Redemption – the game giant is expected to see a 26% jump in Q1 revenues to $363.8 million. Red Dead Redemption 2, released last year, has sold about 25 million copies so far.

Spanish mobile game developer Social Point, which it acquired in 2017, is likely to add leverage to top-line growth, despite stiff competition from Glu Mobile (NASDAQ: GLU) and Zynga (NASDAQ: ZNGA).

take two interactive sales trend

However, higher expenses are likely to hinder the transfer of benefits down the line for Take-Two. Analysts expect the New York-based firm to report earnings of 2 cents per share in Q1, compared to 12 cents per share it reported last year, due to higher selling and marketing expenses, in a bid to compete with industry veterans Activision Blizzard (NASDAQ: ATVI) and Electronic Arts (NASDAQ: EA).   

Apple Q3 2019 earnings call insights: iPhone takes back seat, Wearables grab the limelight

Take-Two is currently trading near its 12-month average price target, hence a strong rally post earnings may not happen. The stock has an average Strong Buy rating in the market.

On Wednesday, Electronic Arts reported better-than-expected first-quarter results, pushing the stock up 3%. EA’s top line rose 6% to $1.2 billion and net bookings declined modestly by 1% to $743 million. 

take two interactive software q4 2019 eanrings

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Coca-Cola (KO) Q1 2021 earnings release

The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The

Earnings calendar for the week of April 19

The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500

Undeterred by crisis, Bank of America stays in expansion mode

Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage


Add Comment
Viewing Highlight