Q3 24 EPS
$N/A
Est. $0.72
Q3 24 Revenue
N/A
Est. $1.34B
vs S&P Since Q3 24
+5.8%
BEATING MARKET
TTWO +60.1% vs S&P +54.3%
Market Reaction
Did TTWO Beat Earnings? Q3 2024 Results
Take-Two Interactive kicked off fiscal 2027 on a stronger-than-expected note, posting GAAP earnings per share of negative $0.18 for its first quarter, a 13.92% beat against the consensus estimate of negative $0.21, while revenue of $1.53 billion topp… Read more Take-Two Interactive kicked off fiscal 2027 on a stronger-than-expected note, posting GAAP earnings per share of negative $0.18 for its first quarter, a 13.92% beat against the consensus estimate of negative $0.21, while revenue of $1.53 billion topped expectations by 12.73% and edged up 2.0% year-over-year. The quarter's GAAP figures include a $43.4 million impairment charge tied to the company's decision to cancel an unannounced title from a third-party developer, which contributed to a wider GAAP net loss of $34.1 million versus $11.9 million a year ago. Despite that headwind, recurrent consumer spending, spanning virtual currency, add-on content, and in-game purchases, powered 84% of net revenue, with mobile alone contributing $762.3 million, or half of total sales. The company held firm on its full-year FY27 outlook of $8.0 to $8.2 billion in Net Bookings, anchored by the November 19, 2026 launch of Grand Theft Auto VI, a release that suppliers and partners across the gaming ecosystem have already flagged as a critical industry catalyst heading into the holiday season.
Key Takeaways
- • NBA 2K was the largest contributor to both Net Bookings and GAAP net revenue
- • Grand Theft Auto series was the second largest contributor
- • Recurrent consumer spending accounted for 84% of total Net Bookings and GAAP net revenue
- • Console net revenue grew from 37% to 42% of total mix year-over-year
- • Digital online distribution accounted for 98% of total net revenue
TTWO YoY Financials
Q3 2024 vs Q3 2023, source: SEC Filings
TTWO Revenue by Segment
With YoY comparisons, source: SEC Filings
TTWO Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our excellent first quarter results reflect the power of our portfolio and disciplined execution across all of our labels. With these positive trends and excitement around the November 19th launch of Grand Theft Auto VI, we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion. Looking further ahead, we expect to sustain this new level of scale and generate strong cash flows, setting us on a path to deliver continued growth and long-term shareholder returns.”
— Strauss Zelnick, Q3 2024 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
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT Includes a $43.4 million impairment charge related to cancellation of an unannounced title from a third-party developer | $-0.21 | $-0.18 | +13.92% | $1.53B | +12.73% |
| 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 | — |