Take-Two Interactive Software (TTWO) Tops Q3 EPS by 4c; Raises Net Bookings Guidance

Take-Two Interactive Software (NASDAQ: TTWO) reported Q3 EPS of $1.24, $0.04 better than the analyst estimate of $1.20. Revenue for the quarter came in at $866.1 million versus the consensus estimate of $888.17 million.

GUIDANCE:

“Our third quarter performance was outstanding, highlighted by Net Bookings of $866 million, which exceeded our expectations and increased 6% over last year,” said Strauss Zelnick, Chairman and CEO of Take-Two. “Fiscal 2022 is shaping up to be another strong year for Take-Two, and we are once again raising our Net Bookings guidance for the year to $3.37 billion to $3.42 billion.

“We remain highly optimistic about the future of the interactive entertainment industry and our multi-year growth trajectory. From investing in talent to acquiring some of the industry\'s leading creative studios and announcing our transformational agreement to combine with Zynga, we are taking exciting steps to diversify our business, gain market share and enhance our positioning as one of the world\'s top three pure-play publishers of interactive entertainment. Together with our incredible pipeline of new intellectual properties and eagerly anticipated sequels, we are confident that we are positioning our business for long-term success and shareholder value creation.”

For earnings history and earnings-related data on Take-Two Interactive Software (TTWO) click here.

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