Sector: Communication Services|Industry: Electronic Gaming & Multimedia|Market Cap: $31.95B|Employees: 12.4K
Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment. They develop and publish games primarily through their Rockstar Games, 2K, Private Division, and Zynga labels. The company's core business model centers around creating high-quality, engaging franchises across various platforms, including consoles, PCs, and mobile devices, and they have a strong global presence with a diverse portfolio of owned intellectual property.
Net revenue for the fiscal year ended March 31, 2024, was $5,349.6 million, essentially unchanged from the $5,349.9 million reported in the previous fiscal year. While there was growth from the Zynga acquisition, this was offset by declines in other areas.
The operating loss increased to $3,590.6 million, compared to $1,165.2 million in the prior year, primarily due to a $2,342.1 million goodwill impairment charge related to one of the reporting units. This indicates a significant write-down in the value of a portion of the business.
The net loss reached $3,744.2 million, significantly higher than the $1,124.7 million net loss in the previous fiscal year. This is consistent with the increase in operating losses and suggests underlying profitability challenges.