NASDAQ$TTWO

Take Two Interactive Software Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported results for the fiscal third quarter 2020.

Take-Two Interactive reported GAAP net revenue of $930.1 million and Net Bookings of $888.2 million for the fiscal third quarter 2020. The company's operating results were within its increased outlook.

  • GAAP net revenue was $930.1 million.
  • Recurrent consumer spending increased 15% and accounted for 37% of total GAAP net revenue.
  • Digitally-delivered GAAP net revenue increased to $700.3 million, accounting for 75% of total GAAP net revenue.
  • Total Net Bookings were $888.2 million.

Headline financials

Total Revenue

$930M

Previous: $1.25B-25.5%
EPS (adj)

$1.75

Previous: $2.90-39.7%
Net Bookings

$888M

Previous: $1.57B-43.4%
Capital Expenditures

-$34.8M

Previous: -$43.6M+20.3%
Free Cash Flow

$129M

Previous: $136M-5.5%
Net Income

$164M

Previous: $180M-9.1%
Operating Income

$177M

Previous: $51.8M+241.5%
Gross Profit

$493M

Previous: $350M+40.8%
Cash & Equivalents

$1.28B

Previous: $1.05B+21.8%
Total Assets

$4.88B

Previous: $4.39B+11.2%
Stock-Based Comp

$63.4M

Previous: $124M-48.7%

Revenue & EPS history

Take-Two · Revenue · Quarterly

$930M

Q3 2020-25.5%vs Q3 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Take-Two · $1.68B total across 3 segments · Q4 2026

  • Mobile
    $844M+0.0%
  • Console
    $675M+0.0%
  • PC and other
    $161M+0.0%

Forward guidance

Take-Two is providing its initial outlook for its fiscal fourth quarter ending March 31, 2020 and is adjusting its outlook for the fiscal year ending March 31, 2020.

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 Q3 2020

Historical avgQ3 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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