Take-Two's $543.6m Loss

Business

09 November 2023 16:53

Take-Two Interactive revealed its financial reports for the second quarter of its fiscal year 2024. The company stated net loss was $543.6 million, or $3.20 per share. Take-Two's net revenue decreased 7% to $1.30 billion. However, following the announcement of the trailer of GTA VI the company's shares increased significantly.

Strauss Zelnick, Chairman and CEO of Take-Two stated "While we expect continued macroeconomic uncertainty, we believe that we are well positioned for the holiday season and are reiterating our fiscal 2024 Net Bookings guidance of $5.45 to $5.55 billion. Looking ahead, I am optimistic about our Company’s multi-year growth trajectory and our ability to deliver long-term value for our shareholders. Our development pipeline is robust and diverse, and we are getting closer to delivering the groundbreaking titles that our audiences throughout the world have been anticipating. With an unwavering commitment to being the most creative, the most innovative, and the most efficient entertainment company, I have great confidence that our offerings will surpass our players’ expectations and set new standards of creative excellence in our industry."

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Take-Two's $543.6m Loss

Business

09 November 2023 16:53

Tags: Take-Two

Take-Two Interactive revealed its financial reports for the second quarter of its fiscal year 2024. The company stated net loss was $543.6 million, or $3.20 per share. Take-Two's net revenue decreased 7% to $1.30 billion. However, following the announcement of the trailer of GTA VI the company's shares increased significantly.

Strauss Zelnick, Chairman and CEO of Take-Two stated "While we expect continued macroeconomic uncertainty, we believe that we are well positioned for the holiday season and are reiterating our fiscal 2024 Net Bookings guidance of $5.45 to $5.55 billion. Looking ahead, I am optimistic about our Company’s multi-year growth trajectory and our ability to deliver long-term value for our shareholders. Our development pipeline is robust and diverse, and we are getting closer to delivering the groundbreaking titles that our audiences throughout the world have been anticipating. With an unwavering commitment to being the most creative, the most innovative, and the most efficient entertainment company, I have great confidence that our offerings will surpass our players’ expectations and set new standards of creative excellence in our industry."

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