Categories AlphaGraphs, Earnings, Technology

TTWO Earnings: Take-Two Interactive slips to a loss in Q1; revenue up 36%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth.

Take-Two Interactive Q1 2023 earnings infographic

First-quarter revenues rose 36% annually to $1.1 billion from $813.3 million in the corresponding period of 2022 and came in slightly above analysts’ estimates. Net bookings moved up 41% annually to around $1 billion.

Meanwhile, the company incurred a loss of $104.0 million or $0.76 per share for the June quarter, compared to a profit of $152.3 million or $1.30 per share in the prior-year quarter.

Check this space to read management/analysts’ comments on Take-Two’s Q1 2023 results

The company’s stock closed Monday’s regular trading lower and lost further during the extended session after the earnings announcement.

Prior Performance

  • Take-Two Interactive Software Q4 2022 earnings infographic
  • Take-Two reports Q1 2022 earnings results


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