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Take-Two (TTWO) Stock Analysis: The Best Video Game Stock To Buy?
Take-Two Interactive Software (#TTWO) announced FQ4 earnings and topped analyst expectations! The video game developer reported GAAP EPS of $1.88 (beats by $0.90) and net bookings of $784.53M (+7.6% Y/Y).
Q1 guidance for revenues came in lower than current revenues, but investors don't seem to mind. Shares are up +7% since earnings reported! During the earnings call, the company stated that they plan on releasing 62 games between now and through fiscal year 2024. New releases equates to consumers buying. If consumers are buying then the company is making money!
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By Financial MoversTake-Two Interactive Software (#TTWO) announced FQ4 earnings and topped analyst expectations! The video game developer reported GAAP EPS of $1.88 (beats by $0.90) and net bookings of $784.53M (+7.6% Y/Y).
Q1 guidance for revenues came in lower than current revenues, but investors don't seem to mind. Shares are up +7% since earnings reported! During the earnings call, the company stated that they plan on releasing 62 games between now and through fiscal year 2024. New releases equates to consumers buying. If consumers are buying then the company is making money!