Take-Two Interactive (NASDAQ:TTWO) delivered mixed fiscal fourth-quarter results, falling short on earnings and issuing cautious guidance that disappointed investors following the delay of the next Grand Theft Auto installment.
The company posted earnings per share of $1.08 on revenue of $1.58 billion, missing the $1.12 EPS consensus but edging past revenue expectations of $1.55 billion. Net bookings rose 17% year-over-year to $1.58 billion, reflecting strong underlying demand across its game portfolio.
Looking ahead, Take-Two guided for a fiscal Q1 net loss between $0.78 and $0.65 per share on revenue of $1.35 billion to $1.4 billion, in line with revenue expectations but reflecting ongoing cost pressures. Bookings are forecast between $1.25 billion and $1.3 billion.
For the full fiscal year, the company expects a net loss of $2.79 to $2.45 per share and revenue of $5.95 billion to $6.05 billion. Bookings are projected at $5.9 billion to $6 billion.