Take-Two Interactive Shares Fall After Q4 Results, FY 2025 Outlook
Portfolio Pulse from Erica Kollmann
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reported its Q4 financial results, beating earnings and sales estimates but showing a slight decline in total net bookings. The company provided a positive outlook for FY 2025, expecting significant contributions from upcoming titles like Grand Theft Auto VI. Despite the positive outlook, shares fell 3.66% after-hours.
May 16, 2024 | 8:28 pm
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NEGATIVE IMPACT
Take-Two Interactive reported better-than-expected Q4 earnings and sales but saw a slight decline in net bookings. The company provided a positive outlook for FY 2025, driven by anticipated releases like Grand Theft Auto VI. Despite the positive outlook, shares fell 3.66% after-hours.
The decline in net bookings and the after-hours drop in share price indicate a short-term negative impact. However, the positive outlook for FY 2025, especially with the anticipated release of Grand Theft Auto VI, suggests potential for future growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100