Take-Two Interactive's Mixed Earnings: Strong Revenue, Profit Misses

Take-Two Interactives Q3 earnings showcased a 20% revenue surge, reaching $1.77 billion, surpassing analyst expectations. The company, known for Grand Theft Auto and NBA 2K, announced a positive outlook for Q4 with a 6.7% higher revenue guidance. However, a GAAP loss of $0.73 per share was more than anticipated. The highlight was the official release date for Grand Theft Auto Six, set for November 19, 2026. Despite strong sales, adjusted EBITDA was lower than expected, but free cash flow turned positive at $96.5 million, indicating a potential financial turnaround.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.