Today Take-Two Interactive Software announced its financial results for the first quarter of the fiscal year 2023, related to the period between April and June 2022.
Below you can check out a summary of the results which it defined “strong” and “above expectations,” despite having reported a net loss due the acquisition of Zynga.
On the other hand, GAAP net revenue increased 36% year-on-year to $1.1 billion, while Net Bookings grew 41% year-on-year to $1.0 billion.
The table below may be helpful to understand the angle since it offers the figures including the acquisition of Zynga and not counting its influence.
We also find the revised guidance for the full fiscal year that ends in March 2023.
The largest contributors to the results were NBA 2K22; Grand Theft Auto Online and Grand Theft Auto V, Tiny Tina’s Wonderlands, Empires & Puzzles, Red Dead Redemption 2 and Red Dead Online, WWE 2K22, Rollic’s hyper-casual portfolio. The Quarry. Toon Blast. and Top Eleven.
Take-Two CEO Strauss Strauss Zelnick provided the traditional comment to go with the press release, reiterating the view that the results were strong.
In the slides below we get specific data about the company’s most successful franchises.
Grand Theft Auto has shipped nearly 170 million units, while Red Dead Redemption 2 is now at over 45 million units. The previous update shared in May was at over 165 million units for GTA5 and over 44 million units for Red Dead Redemption 2.
We also hear that Tiny Tina’s Wonderlands exceeded Take-Two’s expectations.
We also get an update on of the pipeline of games planned between now and fiscal year 2025 (by March 2025).
There was only one change from the previous quarter, with mobile games growing from 20 to 38 due to the acquisition of Zynga.
If you’d like to compare with historical data, you can check out the results for the previous quarter, which were published in May.
