Take-Two's $543.6m Loss

Take-Two's $543.6m Loss

Business

09 November 2023 16:53

Take-Two Interactive revealed its financial reports for the second quarter of its fiscal year 2024. The company stated net loss was $543.6 million, or $3.20 per share. Take-Two's net revenue decreased 7% to $1.30 billion. However, following the announcement of the trailer of GTA VI the company's shares increased significantly.

Strauss Zelnick, Chairman and CEO of Take-Two stated "While we expect continued macroeconomic uncertainty, we believe that we are well positioned for the holiday season and are reiterating our fiscal 2024 Net Bookings guidance of $5.45 to $5.55 billion. Looking ahead, I am optimistic about our Company’s multi-year growth trajectory and our ability to deliver long-term value for our shareholders. Our development pipeline is robust and diverse, and we are getting closer to delivering the groundbreaking titles that our audiences throughout the world have been anticipating. With an unwavering commitment to being the most creative, the most innovative, and the most efficient entertainment company, I have great confidence that our offerings will surpass our players’ expectations and set new standards of creative excellence in our industry."

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Take-Two's $543.6m Loss

Business

09 November 2023 16:53

Tags: Take-Two

Take-Two Interactive revealed its financial reports for the second quarter of its fiscal year 2024. The company stated net loss was $543.6 million, or $3.20 per share. Take-Two's net revenue decreased 7% to $1.30 billion. However, following the announcement of the trailer of GTA VI the company's shares increased significantly.

Strauss Zelnick, Chairman and CEO of Take-Two stated "While we expect continued macroeconomic uncertainty, we believe that we are well positioned for the holiday season and are reiterating our fiscal 2024 Net Bookings guidance of $5.45 to $5.55 billion. Looking ahead, I am optimistic about our Company’s multi-year growth trajectory and our ability to deliver long-term value for our shareholders. Our development pipeline is robust and diverse, and we are getting closer to delivering the groundbreaking titles that our audiences throughout the world have been anticipating. With an unwavering commitment to being the most creative, the most innovative, and the most efficient entertainment company, I have great confidence that our offerings will surpass our players’ expectations and set new standards of creative excellence in our industry."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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Take-Two CEO Strauss Zelnick has commented on the impact of adding games like Call of Duty to subscription services like...

Drama

Aug 09, 2024

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Take-Two Interactive has announced its acquisition of Gearbox, from Embracer Group for a sum of $460m. The acquisition...

Business

Mar 28, 2024

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Take-Two Interactive has filed for a trademark dispute, citing perceived resemblances between the logos of Remedy and Rockstar Games. Remedy...

Business

Jan 19, 2024

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Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

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May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

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May 02, 2025