![]() In the fiscal third quarter, operating expenses surged 123% year over year to $889 million. However, rising operating costs are a concern for the company. The combination offers a unique balance of hyper-casual experiences that also prioritize long-term player retention rates. Take-Two’s acquisition of Popcore is expected to have strengthened its leadership among hyper-casual publishers with respect to downloads and revenues in the to-be-reported quarter. It enables Take Two to achieve powerful synergies featuring new title releases, top-class portfolio of PC and console games and the execution of cost-saving initiatives, thereby contributing to the top line. The acquisition of Zynga is highly accretive to Take-Two’s business. The strong adoption of NBA 2K23 and Grand Theft Auto V is expected to have continued in the fiscal fourth quarter.ĭuring the to-be-reported quarter, the company released Kerbal Space Program 2 (early access) and WWE 2K23 under its franchise that is likely to have bolstered its game pipeline and driven the top line. Take-Two’s fiscal fourth-quarter revenues are expected to have benefited from the solid demand for its popular franchises, including Grand Theft Auto (GTA), Red Dead Redemption, NBA 2K and WWE 2K23. TTWO delivered a trailing four-quarter earnings surprise of -3.90% on average. Take-Two’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, missing twice. price-eps-surprise | Take-Two Interactive Software, Inc. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Read More: Penny Stocks - How to Profit Without Getting Scammed If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
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