Take-Two Interactive Software (NASDAQ:TTWO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.30b (down 6.8% from 2Q 2023).
• Net loss: US$543.6m (loss widened by 112% from 2Q 2023).
• US$3.20 loss per share (further deteriorated from US$1.54 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Take-Two Interactive Software Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Take-Two Interactive Software's balance sheet.

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