NASDAQ$TTWO
Take Two Interactive Software Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Take-Two's Q4 2023 financial results were reported, showing increased revenue and net bookings, driven by strong performance from key titles and the Zynga acquisition.
Take-Two Interactive Software, Inc. reported a 56% increase in GAAP net revenue to $1.45 billion for the fourth quarter of fiscal year 2023. Net Bookings grew 65% to $1.39 billion. The largest contributors to revenue were NBA 2K23 and NBA 2K22; Grand Theft Auto Online and Grand Theft Auto V; our hyper-casual mobile portfolio; Empires & Puzzles™; Toon Blast™; Red Dead Redemption® 2 and Red Dead Online; Merge Dragons!™; Words With Friends™; and Zynga Poker™.
- GAAP net revenue increased 56% to $1.45 billion compared to the previous year's fiscal fourth quarter.
- Net Bookings grew by 65% to $1.39 billion, driven by Grand Theft Auto V and Grand Theft Auto Online, Red Dead Redemption 2, and Zynga’s mobile portfolio.
- Recurrent consumer spending increased 94% and accounted for 79% of total GAAP net revenue.
- Digitally-delivered GAAP net revenue increased 67% to $1.39 billion, accounting for 96% of total GAAP net revenue.
Headline financials
Revenue & EPS history
Take-Two · Revenue · Quarterly
$1.39B
Revenue by segment
Take-Two · $1.3B total across 2 segments · Q4 2023
- Mobile$718M—55.2%
- Console$583M—44.8%
Forward guidance
Take-Two provided its initial outlook for fiscal year 2024, expecting GAAP net revenue to range from $5.37 to $5.47 billion and Net Bookings to range from $5.45 to $5.55 billion. For the first quarter of fiscal 2024, GAAP net revenue is expected to range from $1.21 to $1.26 billion and Net Bookings are expected to range from $1.15 to $1.2 billion.
Tailwinds
- Fiscal Year 2024 GAAP net revenue is expected to range from $5.37 to $5.47 billion
- Fiscal Year 2024 Net Bookings are expected to range from $5.45 to $5.55 billion
- Fiscal First Quarter 2024 GAAP net revenue is expected to range from $1.21 to $1.26 billion
- Fiscal First Quarter 2024 Net Bookings are expected to range from $1.15 to $1.2 billion
- EBITDA (Non-GAAP) is expected to range from $82 to $103 million
Headwinds
- GAAP net loss is expected to range from $518 to $477 million
- GAAP net loss per share is expected to range from $3.05 to $2.80
- Net cash provided by operating activities is expected to be approximately $90 million
- Capital expenditures are expected to be approximately $180 million
- GAAP net loss is expected to range from $178 to $161 million
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 Q4 2023
+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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