Take-Two: lowers annual targets

(CercleFinance.com) - Take-Two Interactive announced on Thursday evening that it was lowering its annual targets, now anticipating a net loss of between $757m and $690m (or EPS between -$4.
33 and -$3.95) on revenues still expected to be between $5.57bn and $5.67bn.

For Q1 2024-25, the video games publisher posted a net loss of $262m, or $1.52 per share, broadly in the lower half of its target ranges ($272m to $245m and $1.58 to $1.43).

The operator of the Red Dead, NBA 2K and GTA franchises posted revenues of close to $1.34bn, at the top end of its target range ($1.30bn to $1.35bn), but net bookings at the bottom end at less than $1.22bn (against an expected $1.20bn to $1.25bn).


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