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Take-Two Interactive Software Inc TTWO

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Take-Two Posts Better Than Expected Start to 2022; Recurrent Spending More Resilient Than Projected

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

Take-Two kicked off fiscal 2022 with a better-than-expected first quarter as non-GAAP revenue and EBITDA beat FactSet consensus expectations. Results were driven once again by the core titles of NBA 2K20, Red Dead Redemption 2, Borderlands 3, and of course, Grand Theft Auto V. Despite the beat, management maintained its fiscal 2022 guidance.

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Company Profile

Business Description

Found in 1993, Take-Two consists of two wholly owned labels, Rockstar Games and 2K. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom.".

Contact
110 West 44th Street
New York, NY, 10036
T +1 646 536-2842
Sector Communication Services
Industry Electronic Gaming & Multimedia
Most Recent Earnings Jun 30, 2021
Fiscal Year End Mar 31, 2022
Stock Type Aggressive Growth
Employees 6,495

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