NasdaqGS:TTWOEntertainment
Take Two Earnings Beat Highlights Mobile Strength And Valuation Questions
Take-Two Interactive Software (NasdaqGS:TTWO) reported quarterly results that exceeded market expectations, supported by stronger performance in its mobile gaming business.
Franchises such as NBA 2K and Grand Theft Auto continued to see solid player engagement, helping all business segments outperform, according to CEO Strauss Zelnick.
The quarter marked a positive update on the company’s operational momentum and the balance between console, PC, and mobile revenue streams.
For investors...