May 20, 2020
1 min read
$TTWO: Take-Two Interactive Software Euro-Steps Its Revenue To The Hoop
- Take-Two Interactive Software, Inc. is picking up where the NBA left off. It’s latest 8-K filing with the SEC reports $760.5 million in revenue for its fourth fiscal quarter (ending 03/31/2020), reflecting a 41% YOY increase since last year’s fourth fiscal quarter.
- Take-Two Interactive Software reported a key development: user engagement of its in-game consumer spending. The lion’s share of fourth quarter revenue growth is attributed to its NBA 2K game series, Red Dead series, Grand Theft Auto series, and others.
- The gaming software company is focused on its digital purchases, known as Net Bookings, which have proven to be a success story thus far. Senior management reports that due to COVID-19, users are increasing time spent using its gaming products and services, though, it is uncertain at this time how this development will pan out.
- $TTWO ended the market close trading at $146.84 per share, reflecting a 3.23% increase from previous day trading.
