Take-Two Interactive Software (NASDAQ:TTWO) shares surged more than 8% after-hours following the company’s reported Q4 results. Net bookings came in at $1.39 billion, better than the consensus estimate of $1.35B, driven by Grand Theft Auto V and Grand Theft Auto Online, Red Dead Redemption 2, and Zynga’s mobile portfolio. However, non-GAAP EPS of $0.51 missed the consensus estimate of $0.69. The company provided its full 2024 year outlook, expecting net bookings in the range of $5.45-$5.55B, missing the consensus estimate of $6.08B. Investors reacted positively to the news, pushing the stock up 8%.
Categories