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☆ Take-Two stocks soars 13% after earnings come in mixed but guidance hints Grand Theft Auto 6 will be released in 2024
  + stars: | 2023-05-18 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Take-Two Interactive soared 13% on Thursday after the company offered strong guidance that suggests a 2024 release for Grand Theft Auto 6. While the company expects its fiscal 2024 net booking to be as much as $5.55 billion, it expects its fiscal 2025 net bookings to surge to more than $8 billion. Take-Two's fiscal 2024 year is in calendar-year 2023, while its fiscal 2025 year is in calendar-year 2024. Take-Two's Grand Theft Auto series has been wildly successful, with the 2013 release of Grand Theft Auto 5 driving lifetime unit sales of 180 million. Investors got a taste of what Grand Theft Auto 6 could look like after a massive data leak in September 2022 led to gameplay videos being posted online.
☆ Take-Two gains on gaming demand rebound, title delivery forecast
  + stars: | 2023-05-17 | by ( Tiyashi Datta | ) www.reuters.com   time to read: +2 min
The company also said it expects to deliver 36 video game titles through 2025 and 2026, and forecast $8 billion in 2025 net bookings and over $1 billion in operating cash flow. Take-Two, however, did not make any announcements about its highly anticipated title "Grand Theft Auto VI". Its fourth-quarter adjusted sales grew 65% to $1.39 billion, compared with Wall Street's estimate of $1.34 billion, according to Refinitiv data. During an earnings call with analysts, Chief Executive Strauss Zelnick said Take-Two was assuming a continuation of the current challenging consumer backdrop within its forecast. Its annual adjusted revenue forecast between $5.45 billion and $5.55 billion came below Street's estimate of $6.07 billion.
☆ Here's what Jim Cramer expects from key consumer earnings next week
  + stars: | 2023-05-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Investors should "steel" themselves for a potentially challenging week ahead, with a number of earnings reports that could serve as indicators for the broader economy, CNBC's Jim Cramer said Friday. Key numbers on retail sales come out Tuesday alongside earnings from Home Depot while Target reports earnings the following day. Those reports will be helpful in parsing the state of the economy, Cramer said, especially the retail data on Tuesday that might show "some real cracks in consumer spending." Cramer thinks Walmart's subscription service, Walmart+, has been "gaining momentum." The debt crisis is looming and until lawmakers find a solution, Cramer warned that investors should move with caution.
☆ Top analysts are bullish on these five stocks in uncertain times
  + stars: | 2023-03-12 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
Here are five stocks to weather the storm, according to Wall Street's top professionals on TipRanks, a platform that ranks analysts based on their past performance. Despite the ongoing pressures, cloud-based data warehouse company Snowflake (SNOW) delivered upbeat quarterly results. The company's fiscal 2023 fourth-quarter results missed expectations due to macro pressures, higher costs, supply chain issues and increased promotional activity. TD Cowen analyst Shaul Eyal remains bullish about Zscaler and reiterated a buy rating with a price target of $195 following the results. (See Zscaler Hedge Fund Trading Activity on TipRanks) Eyal holds the 15th position among more than 8,000 analysts on TipRanks.
☆ I remain every bit as optimistic as I have been, says Take-Two Interactive CEO Strauss Zelnick
  + stars: | 2023-03-01 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI remain every bit as optimistic as I have been, says Take-Two Interactive CEO Strauss ZelnickMad Money host Jim Cramer talks to Take-Two Interactive CEO Strauss Zelnick about earnings and whether the gaming space can make a comeback.
☆ Supreme Court will hear case challenging Consumer Financial Protection Bureau funding
  + stars: | 2023-02-27 | by ( Dan Mangan | ) www.cnbc.com   time to read: +3 min
The Supreme Court on Monday agreed to hear arguments in a case challenging the constitutionality of funding for the Consumer Financial Protection Bureau. The order taking the case came four months after a federal appeals court panel unanimously ruled that the CFPB's funding mechanism was unconstitutional. The Biden administration had asked the Supreme Court to hear its appeal of that ruling. CNBC has requested comment from the Community Financial Services Association of America, the group that challenged the CFPB's authority in the case. The court, in its 5-4 ruling that year, said that the director must be removable by the will of the president, for any reason.
☆ Take-Two lowers annual adjusted sales forecast
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +1 min
Feb 6 (Reuters) - Take-Two Interactive Software Inc (TTWO.O) lowered its annual bookings forecast on Monday, a sign that it is struggling to keep gamers glued amid a weakening economy and broader slowdown in the gaming market. Third quarter adjusted sales stood at $1.38 billion, compared to analysts' estimate of $1.46 billion, according to Refinitiv IBES data. Take-Two said it now expects full-year adjusted sales between $5.2 billion and $5.25 billion, compared with $5.4 billion to $5.5 billion forecast previously. Analysts expected a figure of $5.39 billion, according to Refinitiv data. Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Watch CNBC's full interview with Brad Zelnick
  + stars: | 2023-01-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Brad ZelnickBrad Zelnick, analyst at Deutsche Bank, joins 'TechCheck' to discuss his thoughts on Salesforce after activist investor Elliott Management has reportedly taken a huge stake in the stock. He also breaks down Microsoft announcing a new multibillion-dollar investment with OpenAI.
☆ Roblox shares sink after November update shows slowing growth
  + stars: | 2022-12-15 | by ( Sofia Pitt | ) www.cnbc.com   time to read: +2 min
Shares of Roblox were down 16% on Thursday after the gaming company released a November business update that showed slowing growth and a decline in how much it earns from its daily users. The company said estimated bookings were between $222 million and $225 million for the month. But, in November 2021, Roblox said estimated bookings during the same period grew 22% to 24% year over year. Roblox's average bookings per daily active user were between $3.92 and $3.97, down 7% to 9% from a year ago. Overall daily active users rose 15% from November 2021 to 56.7 million users but, last year, the company reported 35% growth.
☆ Watch CNBC's full interview with Take-Two Interactive CEO Strauss Zelnick
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Take-Two Interactive CEO Strauss ZelnickTake-Two Interactive CEO Strauss Zelnick joins CNBC's 'Squawk Box' to discuss the company's second-quarter earnings report. Shares of the gaming company fell lower in pre-market trading after it slashed its forecast. Zelnick also weighs in on a recent wave of layoffs at major tech companies, his expectations for the metaverse, and more.
☆ Take-Two Interactive CEO Zelnick: The metaverse will not be the way we communicate all day long
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTake-Two Interactive CEO Zelnick: The metaverse will not be the way we communicate all day longTake-Two Interactive CEO Strauss Zelnick joins CNBC's 'Squawk Box' to discuss the company's second-quarter earnings report. Shares of the gaming company fell lower in pre-market trading after it slashed its forecast.
☆ Stocks making the biggest moves in the premarket: Take-Two Interactive, Lyft, TripAdvisor and more
  + stars: | 2022-11-08 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +3 min
Lyft (LYFT) – Lyft sank 17.3% in premarket action after its latest quarterly report showed slowing revenue growth and ridership levels that remain below pre-pandemic levels. The ride-hailing service did, however, report better-than-expected earnings for its latest quarter. TripAdvisor (TRIP) – TripAdvisor shares plummeted 20.8% in premarket trading after the travel website operator's quarterly earnings came in below Wall Street forecasts. Coty (COTY) – The cosmetics company reported earnings that matched Wall Street estimates, with revenue slightly above analysts' forecasts. Planet Fitness (PLNT) – The fitness center operator's stock surged 7.1% in the premarket after its quarterly revenue and profit beat Wall Street estimates and it raised its full-year forecast.
☆ Take-Two slumps as forecast cut deepens videogame industry gloom
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +2 min
Nov 7 (Reuters) - Take-Two Interactive Software Inc (TTWO.O) lowered its annual sales forecast on Monday, the latest videogame publisher to be hit by this year's dollar spike and a broader gaming industry slump. Take-Two, whose shares fell nearly 17% in extended trading, now expects full-year adjusted sales between $5.4 billion and $5.5 billion. Its prior view was $5.8 billion to $5.9 billion. Overall spending on mobile games is estimated to decline 2.3% in 2022, according to data analytics firm Sensor Tower, after a surge during the pandemic. Some of the pressure is expected to be offset by strong sales of "NBA 2K23" - the latest installment in Take-Two's popular basketball series.
☆ Take-Two deepens videogame industry gloom with forecast cut
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +2 min
Nov 7 (Reuters) - Take-Two Interactive Software Inc (TTWO.O) cut its annual sales forecast on Monday, the latest videogame publisher to be hit by this year's dollar spike and a broader gaming industry slump. Take-Two, whose shares fell nearly 15% in extended trading, now expects full-year adjusted sales between $5.4 billion and $5.5 billion. For the second quarter ended Sept. 30, Take-Two reported adjusted sales of $1.5 billion. The company's quarterly performance was supported by "NBA 2K23" - the latest game in Take-Two's popular basketball series - which has enjoyed solid demand since its early September launch. Reporting by Tiyashi Datta and Aditya Soni in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Take-Two stock tumbles after it cuts outlook
  + stars: | 2022-11-07 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Take-Two stock dropped more than 15% in extended trading on Monday after the company reported fiscal second-quarter 2023 results. It said its outlook in the current quarter and for fiscal 2023 would be lower than previously expected. Take-Two's net bookings primarily includes digital game sales or sales to wholesalers, as well as licensing fees and merchandise. "Our reduced forecast reflects shifts in our pipeline, fluctuations in FX rates, and a more cautious view of the current macroeconomic backdrop, particularly in mobile," Take-Two CEO Strauss Zelnick said in a statement. Take-Two also owns mobile giant Zynga, known for "Words with Friends," after purchasing it for $12.7 billion earlier this year.
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