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Take-Two Interactive Software Third Quarter 2023 Earnings: Misses Expectations

Take-Two Interactive Software (NASDAQ:TTWO) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$1.41b (up 56% from 3Q 2022).

  • Net loss: US$153.4m (down by 206% from US$144.5m profit in 3Q 2022).

  • US$0.91 loss per share (down from US$1.25 profit in 3Q 2022).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Take-Two Interactive Software Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 7.8%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Take-Two Interactive Software, and understanding it should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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