Take-Two Interactive Software Full Year 2024 Earnings: EPS Misses Expectations

Take-Two Interactive Software (NASDAQ:TTWO) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.35b (flat on FY 2023).
• Net loss: US$3.74b (loss widened by 233% from FY 2023).
• US$22.01 loss per share (further deteriorated from US$7.03 loss in FY 2023).

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

Take-Two Interactive Software EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$3.28b (61% of total revenue). Notably, cost of sales worth US$3.12b amounted to 58% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$2.60b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how TTWO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 4.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's 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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