Take-Two reports Q1 net revenue up 17% YoY to $1.28B, net bookings up 20% YoY to $1.2B, and forecasts $8B in bookings for the next fiscal year, hinting at GTA 6
Take-Two Interactive Software Inc., the company behind video games like Grand Theft Auto, rose in extended trading …
Bloomberg Cecilia D'Anastasio
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Discussion
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Gameranx
Ryan Parreno
on x
Here's What Take Two's CEO Says About Remakes And Remasters Now
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@stephentotilo
Stephen Totilo
on x
Take Two: “We still expect to deliver $8 billion in Net Bookings... next year.” That “still” is them reiterating massive revenue expectations (vs. $5.5 billion in the current year) for April 2024-March 2025. Certainly looks likes code for “that's when GTA 6 is slated to release”
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@domsplaying
Dom
on x
Take-Two Interactive FY 2024 Q1: Net revenue rose 17% to $1.28B, above guidance. 83% from recurring spend. Operating loss of $204M. Last Q1 was only $37M. Higher marketing, R&D expenses. Sales met analyst estimates. Missed on earnings. Slightly lowered annual profit guidance. [im…
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@videotechx
Ben
on x
Take-Two Interactive revealed that Red Dead Redemption 2's global sales have surpassed 54 million copies during an earnings call. Furthermore, during the first quarter of 2024 the game achieved an additional milestone by selling over 2 million more copies. [image]
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@deeketweak
Derek Strickland
on x
Take-Two Interactive's pipeline of games has not changed. The publisher still has 52 projects in the works as of Q1'24: [image]
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@domsplaying
Dom
on x
Take-Two Interactive FY 2024 Q1: Pipeline Time! Alright it's the same numbers as last quarter, just more titles listed. I still love posting it. Total: 52 Immersive Core: 17 Indie: 7 Mobile: 18 Mid-Core: 4 New Iterations of Previous Titles: 6 (Me, I need that Judas ASAP.) [image]
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@mauronl3
@mauronl3
on x
Take-Two FY24 Q1 Earnings Revenue: $1.28B +16.5% YoY Net Loss: $206m ($104m Net Loss in FY23 Q1) - Net revenue from recurrent spending grew 29% YoY and accounted for 83% of total revenue - Reiterated forecasted FY24 net bookings of $5.45-$5.55B - 52 games planned through FY26 [im…
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@videotechx
Ben
on x
Take-Two also revealed Grand Theft Auto V has hit 185 million copies to date, with an additional 5 million copies sold during Q1 2024. [image]
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@shinobi602
@shinobi602
on x
Take-Two will experience a “significant inflection point” and “record levels” of performance in fiscal 2025 (April 2024 - March 2025), reiterates CEO Strauss Zelnick. Almost assuredly Grand Theft Auto 6. (Pictured: Unofficial art) Via: https://venturebeat.com/... [image]
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@dmc_ryan
Ryan McCaffrey
on x
Hold on, I speak CEO. Let me translate this for you: “We don't mind when there's no proper backwards compatibility so that we can take our Nintendo and PlayStation customers for a ride by charging them $50 for a current-gen version of the same old game.” https://www.ign.com/...
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r/PS5
r
on reddit
Grand Theft Auto 6 will most likely release no later than March 2025, after Take-Two reiterates plans for a ‘record’ turning point in its next fiscal year