Take-Two: net loss widens in Q1

(CercleFinance.com) - On Tuesday evening, Take-Two Interactive reported a net loss of $206m for Q1 2023-24 (or -$1.
22 per share), compared with a loss of $104m (or -$0.76 per share) a year ago.

Despite this, the video game publisher's revenues rose by 17% to $1.28bn, while net bookings increased by 20% to $1.2bn, at the upper side of its target range.

The operator of the "NBA", "Grand Theft Auto" and "Red Dead" franchises, therefore, confirms that it expects to achieve net bookings of $5.45bn to $5.55bn for FY 2023-24.


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