logo
  

Take-Two Interactive Software Reaffirms FY22 Outlook

Video game developer Take-Two Interactive Software, Inc. (TTWO) Thursday reiterated its outlook for fiscal year 2022.

For the full year 2022, the company expects revenues $3.14 billion to $3.24 billion and earnings of $1.95 to $2.20 per share. Analysts currently estimate earnings of $4.58 per share and revenues of $3.41 billion.

The company's wholly-owned label, Rockstar Games, has announced a delay in release of the expanded and enhanced versions of Grand Theft Auto V and Grand Theft Auto Online for PlayStation 5 and Xbox Series X|S. These games were earlier planned for release on November 11, 2021, but will now launch in March 2022.

The company, however, reaffirmed its guidance for the fiscal year, driven by continued "strong engagement trends in its existing games, as well as the planned release of new games from its pipeline during the balance of its fiscal year."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kraft Heinz is recalling around 5,760 cases of Capri Sun Wild Cherry Flavored Juice Drink Blend beverages due to potential for chemical contaminants, the U.S. Food and Drug Administration said. The recall involves 6.6 FL OZ Capri Sun Wild Cherry Flavored Juice Drink Blend in individual foil pouches packed in paperboard cartons. Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by...
RELATED NEWS
Follow RTT