(AOF) – American video game distribution company, Take-Two Interactive Software increased its losses in the first quarter of its fiscal year 2023/2024 to 206 million dollars, or 1.22 dollars per share. A year earlier, at the same time, the group had suffered a loss of $104 million, or $0.76 per share. However, its revenue rose 7% to $1.28 billion, while its net bookings rose 20% to $1.2 billion in the quarter. Its gross margin increased from 666.7 to 679.2 million dollars over one year.
On the outlook side, Take-Two Interactive Software forecasts net bookings between 5.45 and 5.55 billion dollars over the whole of the current financial year.
For this 2023/2024 financial year, the group expects revenues of between 5.37 and 5.47 billion dollars.
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A slight decline in the French market in 2022
The French video game market fell by 1.6% in 2022. It is back to its 2020 level after record results in 2021. According to SELL, the sector’s union, the console segment represents 46% of the turnover. industry business. It fell by 6.6% to settle at nearly 2.6 billion euros. This evolution is explained by the supply problems of the latest generation consoles. Turnover from computer video games, including machines, accessories and games, increased by 5.8% to reach 1.5 billion euros. That of mobile games stagnated at 1.4 billion euros. FIFA 23, from the American publisher Electronic Arts, which has sold more than 1.7 million copies, was by far the best-selling in France in 2022.