Take-Two Interactive Software Inc. (NASDAQ:TTWO) had a mixed fiscal year. Despite some impressive growth, with the stock price increasing by 383%, there were also several underperformances in the market and a 19% cut in this year's revenue estimates by analysts. The company's Q4 2024 earnings fell short of expectations, leading to a fall in stock value. The delay of 'Grand Theft Auto 6' also negatively impacted TTWO stocks. The management announced a cost reduction plan, including a 5% staff cut. Despite this, there is ongoing investment, with acquisitions such as The Gearbox Entertainment Company. However, the announcement of a $600 million senior notes offering led to concerns among some investors. While some predict a potential increase in stock value, reaching $185 as per one analyst, there is also a lowered forecast following the release of latest financial results. Take-Two Interactive Software continues to expand its gaming portfolio, which could provide future promise.
Take-Two Interactive Software TTWO News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sat, 29 Jun 2024 10:04:05 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -2
