Provided By StockStory
Last update: Feb 7, 2025
Shares of video game publisher Take Two (NASDAQ:TTWO) jumped 15.3% in the afternoon session after the company reported strong fourth-quarter results and provided quarterly revenue guidance and full-year EPS outlook, which beat analysts' expectations. The company also confirmed its much-anticipated GTA VI title will come out in the fall of this year. The pipeline for the year is also stacked with popular titles, including Civilization VII, Mafia, and Borderlands 4. Management was upbeat about the outlook, with expectations for gradual improvements in net bookings in fiscal 2026 and 2027 as it rolls out its hit titles.
The performance for the quarter was mixed. Strength in NBA 2K helped counter softness in several mobile franchises, yet weak mobile sales weighed on overall bookings and revenue. The company is counting on Zynga to reverse these trends. Overall, this was a solid quarter.
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Take-Two’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. Moves this big are rare for Take-Two and indicate this news significantly impacted the market’s perception of the business.
Take-Two is up 15.8% since the beginning of the year, and at $211.91 per share, has set a new 52-week high. Investors who bought $1,000 worth of Take-Two’s shares 5 years ago would now be looking at an investment worth $1,882.
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