Take-Two Shares Gain 3% Following Q4 Earnings Beat

Take-Two Interactive Software (NASDAQ: TTWO) shares were trading around 3% higher after-hours following fourth-quarter results, with EPS of $1.09 coming in better than the consensus estimate of $1.05.

Total Net Bookings increased 8% year-over-year to $845.8 million, missing the consensus estimate of $883.62 million, with the largest contributors being NBA 2K22, Grand Theft Auto Online and Grand Theft Auto V, Tiny Tina's Wonderlands, WWE 2K22, Red Dead Redemption 2 and Red Dead Online, Top Eleven, Two Dots, and Grand Theft Auto: The Trilogy - The Definitive Edition.

The company provided its full 2023-year outlook, expecting EPS in the range of $4.20-$4.45, compared to the consensus of $5.99, and net bookings in the range of $3.75-3.85 billion, compared to the consensus of $4.01 billion.

Shares of Take-Two were down 38% year-to-date into the results.

By Davit Kirakosyan

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