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
The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement. Specialized Bicycle Components, Inc. is recalling about 6,900 units of Tarmac SL7 Bicycles and Framesets for potential risk of fall and injury hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the bicycle's fork steerer tube can crack or break after harsh impact such as hitting a deep pothole or other stress event, posing fall and injury hazards.
Follow RTT