Take-Two fans will be searching for any mention of the sixth official installment of the "Grand Theft Auto" franchise when the company reports...
Take-Two Interactive Software Inc. fans may be searching for any mention of the sixth official installment of the “Grand Theft Auto” franchise, but some investors may focus on any bump from mobile ads given results from ad-monetization software companies last week.
Take-Two TTWO is scheduled to report fiscal fourth-quarter results after the close of markets Wednesday. For the first quarter, analysts expect an unadjusted loss of 19 cents a share on revenue $1.42 billion and net bookings of $1.29 billion. For fiscal 2024, the Street estimates an unadjusted loss of $1.37 a share on revenue of $6.16 billion and net bookings of $6.13 billion.Soft ad spending was expected this earnings season, but then, last week, both Unity Software Inc. U and AppLovin Corp.
McKay said he expects Take-Two to guide revenue to around $5.6 billion for the year “and unless management confirms a big Rockstar title in the foreseeable future, we expect Take-Two shares to come under pressure.”
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