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Take-Two (TTWO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Take-Two Interactive (TTWO - Free Report) reported $1.22 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.4%. EPS of $0.05 for the same period compares to $0.36 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of -1.52%. The company delivered an EPS surprise of +400.00%, with the consensus EPS estimate being $0.01.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total net bookings

    : $1.22 billion versus the 13-analyst average estimate of $1.24 billion.
  • Net bookings by distribution channel - Digital online

    : $1.19 billion versus $1.19 billion estimated by four analysts on average.
  • Net bookings by distribution channel - Physical retail and other

    : $30.80 million versus the four-analyst average estimate of $48.68 million.
  • Net bookings by platform mix - Mobile

    : $722.50 million versus the three-analyst average estimate of $716.66 million.
View all Key Company Metrics for Take-Two here>>>

Shares of Take-Two have returned -8.8% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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