Take-Two Interactive Soft (TTWO)
Technology
The company lowered its guidance for FY 2024. They reported a slip in bookings and increasing marketing costs, with several major titles underperforming. They also delayed another game release. In addition, there is a general industry slowdown in gaming and weakness in the mobile gaming market. Sales growth was -6.7% last quarter, a third quarter of declines and Sales per employee have been flat to declining since 2015. Gross margins have increased 252bps over the past four quarters, and EBITDA margins have increased 330bps over the past four quarters on an annual basis.
Edition: 188
- 14 June, 2024