NASDAQ$TTWO
Take Two Interactive Software Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Take-Two's Q2 2024 financial results were reported, showing Net Bookings of $1.44 billion and outperformance of Grand Theft Auto V and Grand Theft Auto Online, and Red Dead Redemption 2. The GAAP outlook for fiscal 2024 was updated, and the Net Bookings outlook for fiscal 2024 was reiterated.
Take-Two Interactive reported strong second-quarter results with Net Bookings reaching $1.44 billion. The company is optimistic about its multi-year growth trajectory and ability to deliver long-term shareholder value.
- Total Net Bookings decreased by 4% to $1.44 billion compared to $1.50 billion in the same quarter last year.
- GAAP net revenue decreased by 7% to $1.30 billion, compared to $1.39 billion in the prior year.
- GAAP net loss was $543.6 million, or $3.20 per share, compared to a net loss of $257.0 million, or $1.54 per share, in the comparable period last year.
- The company is reiterating its fiscal 2024 Net Bookings guidance of $5.45 to $5.55 billion.
Headline financials
Revenue & EPS history
Take-Two · Revenue · Quarterly
$1.3B
Revenue by segment
Take-Two · $1.19B total across 2 segments · Q2 2024
- Mobile$646M-11.5%54.2%
- Console$547M-0.9%45.8%
Forward guidance
Take-Two is revising its outlook for the fiscal year ending March 31, 2024, and providing its initial outlook for its fiscal third quarter ending December 31, 2023.
Tailwinds
- Total net revenue $5,370 to $5,470 million
- Net Bookings $5,450 to $5,550 million
- Non-GAAP EBITDA $378 to $430 million
- Adjusted Unrestricted Operating Cash Flow approximately $100 million
- Net loss per share $(5.62) to $(5.35)
Headwinds
- Total net revenue $1,290 to $1,340 million
- Net Bookings $1,300 to $1,350 million
- Non-GAAP EBITDA $95 to $116 million
- Net loss per share $(0.73) to $(0.63)
- Loss income before income taxes $(155) to $(134)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+1.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+2.0%
Avg return
30 days after
60%
40 / 67 earnings
Positive
+15.9%
Q4 2015
Best reaction
-13.8%
Q1 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.8% | -13.4% | -5.4% | |
| Q3 2026 | -5.4% | -3.4% | -0.3% | |
| Q2 2026 | -0.9% | -4.8% | -1.8% | |
| Q1 2026 | -7.0% | +4.3% | +5.8% | |
| Q4 2025 | -2.4% | -2.4% | -0.9% | |
| Q3 2025 | +14.0% | +14.3% | +11.6% | |
| Q2 2025 | +9.2% | +9.4% | +15.7% | |
| Q1 2025 | +6.7% | +6.8% | +15.4% | |
| Q4 2024 | -0.2% | +2.3% | +7.3% | |
| Q3 2024 | -8.6% | -9.5% | -15.2% | |
| Q2 2024 | +7.3% | +10.1% | +13.9% | |
| Q1 2024 | -1.3% | -0.7% | +0.7% | |
| Q4 2023 | +12.6% | +10.6% | +11.8% | |
| Q3 2023 | +4.2% | +1.7% | +6.4% | |
| Q2 2023 | -13.8% | -5.8% | -8.3% | |
| Q1 2023 | -5.0% | -3.2% | -5.2% | |
| Q4 2022 | +12.0% | +5.6% | +14.8% | |
| Q3 2022 | -1.6% | -2.0% | -9.5% | |
| Q2 2022 | +4.9% | +0.7% | -9.9% | |
| Q1 2022 | -7.8% | -8.7% | -6.6% | |
| Q4 2021 | +6.6% | +9.6% | +1.4% | |
| Q3 2021 | -3.5% | -3.7% | -20.6% | |
| Q2 2021 | +7.0% | -5.4% | +10.4% | |
| Q1 2021 | +8.2% | +6.7% | +5.4% | |
| Q4 2020 | -2.8% | -1.2% | +0.3% | |
| Q3 2020 | -6.8% | -6.9% | -2.5% | |
| Q2 2020 | +0.2% | +2.0% | +6.0% | |
| Q1 2020 | +2.4% | +5.9% | +9.1% | |
| Q4 2019 | +0.2% | +3.2% | +5.2% | |
| Q3 2019 | -10.2% | -12.9% | -18.9% | |
| Q2 2019 | -3.7% | -11.8% | -17.0% | |
| Q4 2018 | +0.4% | +2.2% | +7.1% | |
| Q3 2018 | -12.5% | -7.1% | -1.4% | |
| Q2 2018 | +10.0% | +8.1% | -0.4% | |
| Q1 2018 | +11.5% | +13.2% | +20.0% | |
| Q4 2017 | +12.6% | +11.6% | +5.8% | |
| Q3 2017 | -0.9% | +6.8% | +9.2% | |
| Q2 2017 | +9.9% | +12.8% | +8.0% | |
| Q1 2017 | +1.4% | +1.5% | +9.6% | |
| Q4 2016 | +3.6% | — | — | |
| Q3 2016 | +4.9% | — | — | |
| Q2 2016 | +0.5% | — | — | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | +15.9% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | +9.3% | — | — | |
| Q1 2015 | -7.9% | — | — | |
| Q4 2014 | -8.1% | — | — | |
| Q3 2014 | -11.1% | — | — | |
| Q2 2014 | -3.1% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | +15.4% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -13.8% | — | — | |
| Q4 2012 | +4.5% | — | — | |
| Q3 2012 | +2.8% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | -4.4% | — | — | |
| Q4 2008 | +4.1% | — | — | |
| Q4 2010 | +6.1% | — | — | |
| Q3 2011 | +6.1% | — | — | |
| Q3 2010 | +6.1% | — | — | |
| Q2 2011 | +1.8% | — | — | |
| Q1 2011 | +5.8% | — | — | |
| Q3 2009 | +5.8% | — | — | |
| Q4 2009 | +5.8% | — | — |
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