2024-02-09
In third quarter, Take-Two saw “some softness in mobile advertising and sales for NBA 2K24,” according to the company's CEO. [image]
VentureBeat
Take-Two reports Q3 net bookings down 3% YoY to $1.34B, net revenue down 3% YoY to $1.37B, and plans cost reductions “more robust” than in 2023; TTWO drops 9%+
Dean Takahashi / VentureBeat :
For next quarter, Take-Two expects a near 5% decline in consumer spending, which includes a decline for NBA 2K.
VentureBeat
Take-Two reports Q3 net bookings down 3% YoY to $1.34B, net revenue down 3% YoY to $1.37B, and plans cost reductions “more robust” than in 2023; TTWO drops 9%+
Dean Takahashi / VentureBeat :
Take-Two said in its earnings call presentation that recurrent consumer spending declined 7%, slightly below expectations. This was “driven by weakness in mobile advertising and NBA 2K, which was largely due to the effect of lower unit sales on its in-game monetization.” [image]
VentureBeat
Take-Two reports Q3 net bookings down 3% YoY to $1.34B, net revenue down 3% YoY to $1.37B, and plans cost reductions “more robust” than in 2023; TTWO drops 9%+
Dean Takahashi / VentureBeat :