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0:00 / 0:00I. Business and Strategy
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Take-Two Interactive Reports $3.7B Net Loss on Flat $5.35B Revenue Amid Impairments

TTWO10-KFiling Date: 5/22/2024
Take-Two Interactive Software, Inc.
Description

What this story covers

Take-Two Interactive's fiscal 2024 10-K shows flat net revenue of 5 point 35 billion dollars, driven by Zynga's mobile growth, but a 3 point 74 billion dollars net loss from 2 point 34 billion dollars goodwill impairments. Recurrent spending hit 78 point 8 percent, international sales 38 point 7 percent. Key franchises like G T A and NBA 2K sustained engagement, while acquisitions like Gearbox loom. Liquidity at 1 point 1 billion dollars cash supports development amid risks in competition and development cycles.

Story snapshot

CompanyTake-Two Interactive Software, Inc.
TickerTTWO
VariantStandard detailed
Duration13:29
Filing type10-K
PeriodAnnual 2024
IndustryTechnology
Accession0001628280-24-024623

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