Take-Two Interactive Records US$903.3 Million In Revenue For Fiscal Q3 2022

Take-Two Interactive Software, Inc. (Nasdaq: TTWO) reported on Monday its financial results for fiscal Q3 2022, ended December 31, 2021. The firm earned US$903.3 million in quarterly revenue, an increase from Q3 2021’s revenue of US$860.9 million.

Breaking down the topline revenue figure, the United States market contributed US$534.9 million while the remaining US$368.4 million came from international markets. The company said that the largest contributors to its net revenue for the quarter are its game franchises NBA, Grand Theft Auto, and Red Dead.

Gross margin also increased to 61.2% during the quarter compared to last year’s 59.8%. The firm ended with a net income of US$144.5 million, down from US$182.2 million recorded in the previous year. The quarterly income translated to US$1.24 earnings per diluted share.

The company also ended the quarter with US$986.7 million in cash and cash equivalents, putting the balance of the current assets at US$3.71 billion. Meanwhile, current liabilities ended at US$2.07 billion.

The firm also shared its fiscal 2022 outlook, projecting annual revenue of US$3.41 – US$3.46 billion. This includes a Q4 2022 revenue guidance of US$835 – US$885 million. For the nine months so far, the company has earned US$2.57 billion.

Earlier in January 2022, the New York-based video game company announced its planned merger with Zynga (Nasdaq: ZNGA) in a US$12.7 billion deal.

Take-Two Interactive last traded at US$175.10 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Secures Two Additional Exploration Licenses For Flagship Project

First Majestic Posts Record Quarterly Silver Production In Q3

Related News

Take-Two Interactive Acquires Gearbox Entertainment for $460 Million

Take-Two Interactive Software (NASDAQ: TTWO) has announced a definitive agreement to acquire The Gearbox Entertainment...

Thursday, March 28, 2024, 02:26:44 PM

Take-Two Interactive: Consensus Points To $664 Million In Q4 Revenues

Take-Two Interactive (NASDAQ: TTWO) will be reporting their fiscal fourth-quarter financial results May 18th after...

Tuesday, May 18, 2021, 11:08:00 AM

Take-Two Interactive: Despite Strong Earnings Consensus Estimates Stay Flat

Take-Two Interactive (NASDAQ: TTWO) reported their fiscal fourth quarter earnings on May 18th, swiftly beating...

Sunday, May 23, 2021, 02:13:00 PM

Wall Street Says GTA VI Could Be Released As Early As March 2025

“Highly anticipated” may be an understatement if one wants to describe the fervor over anything...

Wednesday, December 6, 2023, 05:07:00 PM

Take-Two: BMO Cuts Target, Foresees Weakness In Microtransactions

On September 1st, BMO Capital Markets reiterated their outperform rating on Take-Two Interactive Software, Inc....

Saturday, September 3, 2022, 01:07:00 PM