(CercleFinance.com) – Take-Two Interactive revealed Thursday evening a net loss of $2.9 billion for the last three months of its 2023-24 fiscal year, or $17.02 per share, compared to a loss of 610 million wiped out a year ago.
The video game publisher (Red Dead, GTA) explains that it has suffered heavy depreciation charges on goodwill and intangible assets linked to acquisitions, as well as business reorganization expenses linked to its cost reduction program.
Its revenues and bookings fell 3% to $1.4 billion and $1.35 billion respectively, levels however above its target ranges with the outperformance of several key franchises such as NBA 2K24.
Posting an EPS of -22.01 dollars over the past financial year and bookings up 1% to 5.33 billion dollars, Take-Two anticipates respective target ranges ranging from -3.90 to -3.50 dollars and from 5.55 to 5.65 billion.
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