Take-Two reports mixed Q2 results, reiterates annual booking guidance

November 8, 2023 5:13 PM EST -- Take-Two reported Wednesday mixed second-quarter results, but the video game maker reiterated its annual guidance and talked up gaming demand, saying it "well positioned" was for the holiday season.

Take-Two Interactive Software Inc (NASDAQ: TTWO) was flat in after-hours following the report.

The company reported a loss of $3.20 per share on revenue of $1.44 billion, compared with estimates for EPS of $1.03 a share on revenue of $1.43B.

Net Bookings - the amount of products and services sold digitally or sold-in physically - fell 4% to $1.44B, in-line with the company's estimate of $1.4B to $1.45B.

For Q3, the company forecast a loss of between $0.73 and $0.63 per share and revenue of between $1.29 billion and $1.34 billion, compared with Wall Street estimates for EPS of $0.93 per share and revenue of $1.43 billion.

Despite the continued macroeconomic uncertainty, the company reiterated its fiscal 2024 net booking guidance of $5.45B to $5.55B and revenue of $5.37B to $5.47B.

"While we expect continued macroeconomic uncertainty, we believe that we are well positioned for the holiday season," the company said.

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