Shares of Take-Two Interactive Software, Inc. TTWO are blasting off Friday. The company reported earnings and The Street loves them.
Given the cultural impact of the Grand Theft Auto (GTA) series, it is hardly surprising that any rumors and news pertaining to GTA VI – the next installment in the franchise – has had a continuously strong impact on the stock of its publisher, Take-Two Interactive Software (NASDAQ: TTWO).
Take-Two Interactive Software delivered better-than-expected profitability and earnings guidance late Thursday. TTWO stock rose.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO ) Q3 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Nicole Shevins - Senior Vice President of Investor Relations & Corporate Communications Strauss Zelnick - Chairman & Chief Executive Officer Karl Slatoff - President Lainie Goldstein - Chief Financial Officer Conference Call Participants Doug Creutz - TD Cowen Eric Handler - ROTH Capital Andrew Marok - Raymond James Cory Carpenter - JPMorgan James Heaney - Jefferies Matthew Cost - Morgan Stanley Chris Schoell - UBS Michael Hickey - The Benchmark Company Jason Bazinet - Citigroup Inc. Omar Dessouky - Bank of America Clay Griffin - MoffettNathanson Operator Ladies and gentlemen, thank you for standing by. My name is Abby [ph] and I will be your conference operator today.
Don't lose hope on the next Grand Theft Auto. Video game delays happen, especially for major games such as Assassin's Creed Shadows. However, the biggest game of the year, if not this decade, Grand Theft Auto VI, is still coming this fall, according to publisher Take-Two.
Although the revenue and EPS for Take-Two (TTWO) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Take-Two Interactive (TTWO) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.71 per share a year ago.
Take-Two Interactive Software forecast its fourth-quarter bookings below Wall Street expectations on Thursday, hit by slower spending on its popular titles as investors await updates on the highly anticipated "Grand Theft Auto VI".
Get a deeper insight into the potential performance of Take-Two (TTWO) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
GTA 5's success in creating virtual economies and RP showcases the potential for GTA 6 to revolutionize gaming ecosystems with next-gen technologies. GTA 6 could become a platform akin to Facebook for gamers, offering a vast universe where players can engage in limitless activities. The game may serve as a virtual reality hub, especially relevant as entertainment gains importance in an era where AI can the potential to free up leisure time.
As January winds down, Wall Street is set to notch its first monthly win of 2025, carrying strong momentum into February.
Take-Two Interactive (TTWO) reachead $187.14 at the closing of the latest trading day, reflecting a -0.39% change compared to its last close.