Net bookings refer to the net proceeds from products and services that Take-Two sells digitally or physically during a particular period, including revenue from merchandise, in-game advertising, and licensing fees. That's evident from the fact that its fiscal Q1 net bookings of $711 million easily exceeded its guidance range of $625 million to $675 million. That's because the company has a habit of delivering conservative guidance but overdelivering when the results are released.įor instance, Take-Two has beaten Wall Street's earnings estimates by big margins in the past four quarters, as its titles have been bringing in new consumers while encouraging gamers to spend more. But don't be surprised to see Take-Two's net bookings and revenue for the year exceed its original guidance. Meanwhile, Take-Two's net bookings are expected to range between $3.2 billion and $3.3 billion this year, which would translate to an 8% drop over fiscal 2021's record figure of $3.55 billion. The company reiterated its full-year guidance while announcing the news in September, citing "strong engagement trends in its existing games, as well as the planned release of new games from its pipeline during the balance of its fiscal year," according to Yahoo! Finance. The game launch delays haven't thrown off Take-Two's near-term prospects. Take-Two Interactive has the potential for surprise Let's see why that may be the case and go over the reasons why buying this video game stock right now could turn out to be a prudent long-term decision. Take-Two stock's rally could get a shot in the arm when the company releases its fiscal 2022 second-quarter results on Wednesday, Nov. 11, 2021.īut the recent stock price action indicates that investors are not worried about this delay, which has allowed Take-Two shares to stage a terrific recovery after a poor performance for most of the year. Take-Two plans to release the improved versions of Grand Theft Auto V and Grand Theft Auto Online for PlayStation 5 and Xbox Series X/S in March 2022 as opposed to its original plan of Nov. 17, stating that the four-month delay in the launch of the enhanced versions of games in the popular Grand Theft Auto franchise would mean that the company will lose out on the lucrative holiday season.
Shares of Take-Two Interactive ( NASDAQ:TTWO) have surged strongly over the past month despite downgrades in mid-September by Wall Street analysts who think that delays in the launch of new video gaming content will weigh heavily on the company's performance.īMO Capital Markets analyst Gerrick Johnson slashed his rating on Take-Two stock from outperform to market perform on Sept.
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