trending Market Intelligence /marketintelligence/en/news-insights/trending/1FHzMPo3x4fu6IhgKo-p4g2 content esgSubNav
In This List

Take-Two Interactive Software fiscal Q2 loss narrows YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Take-Two Interactive Software fiscal Q2 loss narrows YOY

Take-Two Interactive Software Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 44 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 59 cents per share.

The per-share loss decreased 27.1% year over year from 60 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $35.0 million, compared with a loss of $53.1 million in the prior-year period.

The normalized profit margin climbed to negative 27.7% from negative 35.7% in the year-earlier period.

Total revenue fell 15.2% on an annual basis to $126.3 million from $148.8 million, and total operating expenses fell 22.3% from the prior-year period to $174.8 million from $224.9 million.

Reported net income came to a loss of $41.0 million, or a loss of 51 cents per share, compared with a loss of $76.5 million, or a loss of 100 cents per share, in the year-earlier period.