Take-Two Interactive (ticker: TTWO) has announced its fiscal second quarter adjusted revenue, meeting expectations with net bookings of $1.44 billion. The company also reported adjusted earnings per share of $1.22 for the September quarter, surpassing analyst estimates of $1.03.
Looking ahead, Take-Two has provided guidance for its December quarter, with an adjusted revenue range of $1.3 billion to $1.35 billion. The company aims to continue its growth trajectory and deliver long-term value for shareholders. Take-Two's CEO, Strauss Zelnick, expressed optimism about the future and highlighted the robust and diverse development pipeline that is bringing highly anticipated titles to audiences worldwide.
Investors and gamers are eagerly awaiting details about Take-Two's upcoming release, the next installment in the "Grand Theft Auto" franchise. Rockstar Games, a studio under Take-Two, announced that the first marketing trailer for the game will be released in early December.
During an interview, Zelnick shared that excitement internally for the new game is extraordinary and that gamers have high expectations for it. He also discussed the challenges in the mobile game advertising market but expressed optimism about the future.
Take-Two shares saw a positive response following the earnings report, with a 4.6% increase in after-hours trading on Wednesday.