Take-Two Interactive Software, Inc. (NASDAQ: TTWO) on Tuesday announced results for the first quarter of 2024, reporting an increase in revenues.
June-quarter revenues rose 17% annually to $1.28 billion. Net bookings increased to $1.2 billion in Q1 from $1.0 billion in the corresponding period of last year.
The company reported a net loss of $206.0 million or $1.22 per share for the first three months of 2024, compared to a loss of $104.0 million or $0.76 per share last year. EBITDA was $64.5 million, vs. $52.2 million in the first quarter of 2023.
“We had a strong start to the fiscal year and achieved Net Bookings of $1.2 billion, which was at the high end of our expectations. Our performance was led by our catalog of iconic, industry-leading intellectual properties, which continues to resonate with our player communities worldwide,” said Strauss Zelnick, chief executive officer of Take-Two Interactive.
Stocks you may like:
Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business
Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications