Take-Two Interactive Software (TTWO) Tops Q4 EPS by 18c, Revenues Beat; Guides Q1 Above Views

Take-Two Interactive Software (NASDAQ: TTWO) reported Q4 EPS of $1.07, $0.18 better than the analyst estimate of $0.89. Revenue for the quarter came in at $760.5 million versus the consensus estimate of $582.22 million.

“Our significantly better-than-expected fourth quarter results concluded another extraordinary year for Take-Two, during which we achieved numerous milestones, including record Net Bookings of nearly $3 billion, as well as record digitally-delivered Net Bookings, Net Bookings from recurrent consumer spending, and earnings,” said Strauss Zelnick, Chairman and CEO of Take-Two. “Nearly all of our titles outperformed in the fourth quarter, including NBA 2K20, Grand Theft Auto Online and Grand Theft Auto V, Red Dead Redemption 2, Borderlands 3 and Social Point’s mobile games.

“Looking ahead, Take-Two has the strongest development pipeline in its history, including sequels from our biggest franchises as well as exciting new IP. While fiscal 2021 will be a light new release year, we expect to deliver strong results, reflecting the diversity and strength of our catalog and live service offerings. We have an array of titles that we will begin to launch in fiscal 2022, which we expect to drive sequential growth that year. Our Company remains superbly positioned – creatively, operationally and financially – to capitalize on the many positive trends in our industry, and to deliver continued growth and returns for our shareholders over the long-term."

GUIDANCE:

Take-Two Interactive Software sees Q1 2021 EPS of $0.90-$1.00, versus the consensus of $0.50. Take-Two Interactive Software sees Q1 2021 revenue of $775-825 million, versus the consensus of $476.61 million.

For earnings history and earnings-related data on Take-Two Interactive Software (TTWO) click here.

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