Q4 23 EPS
$-3.62
MISS 640.30%
Est. $0.67
Q4 23 Revenue
$1.45B
BEAT +8.00%
Est. $1.34B
vs S&P Since Q4 23
-2.4%
TRAILING MARKET
TTWO +77.7% vs S&P +80.1%
Full Year 2023 Results
FY 23 EPS
$-7.03
FY 23 Revenue
$5.35B
Market Reaction
Did TTWO Beat Earnings? Q4 2023 Results
Take-Two Interactive delivered a deeply conflicted fourth fiscal quarter, posting a sharp earnings miss alongside a revenue beat that underscored the transformative but costly impact of its Zynga acquisition. The company reported a GAAP loss of $3.62… Read more Take-Two Interactive delivered a deeply conflicted fourth fiscal quarter, posting a sharp earnings miss alongside a revenue beat that underscored the transformative but costly impact of its Zynga acquisition. The company reported a GAAP loss of $3.62 per share, missing the $0.68 consensus estimate by 632.35%, as a $465.30 million impairment charge on acquisition-related intangible assets and a $54.20 million write-down on cancelled software titles weighed heavily on the bottom line. Revenue, however, climbed 55.5% year-over-year to $1.45 billion, topping the $1.34 billion consensus by 8.00%, with mobile now comprising half of total net revenue compared to just 11% a year earlier. Net Bookings grew 65% to $1.39 billion, exceeding management's own guidance range. Looking ahead, the company projected fiscal 2024 Net Bookings of $5.45 to $5.55 billion, while targeting a significant step-up to over $8.00 billion in fiscal 2025, a forecast that analysts widely view as tied to the anticipated launch of Grand Theft Auto VI.
Key Takeaways
- • Recurrent consumer spending grew 94% in Q4 and accounted for 79% of GAAP net revenue
- • Zynga combination significantly expanded mobile and advertising revenue streams
- • NBA 2K23, Grand Theft Auto Online, Grand Theft Auto V, and Zynga mobile portfolio were largest Q4 contributors
- • Digital delivery accounted for 96% of Q4 GAAP net revenue
- • Q4 Net Bookings of $1.39 billion exceeded the high end of guidance
TTWO YoY Financials
Q4 2023 vs Q4 2022, source: SEC Filings
TTWO Revenue by Segment
With YoY comparisons, source: SEC Filings
TTWO Revenue by Geography
With YoY comparisons, source: SEC Filings
“We finished fiscal 2023 with momentum. Our fourth quarter Net Bookings were $1.4 billion, above the high end of our guidance range, driven by Grand Theft Auto V and Grand Theft Auto Online, Red Dead Redemption 2, and Zynga's mobile portfolio.”
— Strauss Zelnick, Q4 2023 Earnings Press Release
TTWO Earnings Trends
TTWO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TTWO EPS Trend
Earnings per share: estimate vs actual
TTWO Revenue Trend
Quarterly revenue: estimate vs actual
TTWO Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | — | — | $1.68B | — |
| FY Full Year | — | — | — | $6.66B | — |
| Q3 26 MISS | $0.83 | $-0.50 | -160.24% | $1.70B | +7.59% |
| Q2 26 MISS | $-0.62 | $-0.73 | -17.10% | $1.77B | +2.16% |
| Q1 26 MISS | $0.27 | $-0.07 | -125.93% | $1.50B | +14.49% |
| Q4 25 MISS FY | $-0.05 | $-21.08 | -42,920.41% | $1.58B | +1.82% |
| FY Full Year | $-4.31 | $-25.58 | -493.71% | $5.63B | +0.21% |
| Q1 25 | $-0.02 | — | — | $1.34B | +6.78% |
| Q3 24 | $0.72 | — | — | — | — |
| Q4 23 MISS FY | $0.67 | $-3.62 | -640.30% | $1.45B | +8.00% |
| FY Full Year | — | $-7.03 | — | $5.35B | — |