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Take Two's (TTWO) Q1 Earnings Down Y/Y on Higher Expenses
Take Two Interactive Software TTWO reported first-quarter fiscal 2020 GAAP earnings of 41 cents per share, down almost 34% year over year.
Net revenues surged 39.3% from the year-ago quarter to $540.5 million. The growth was driven by robust performance of Red Dead Redemption 2 and Red Dead Online, NBA 2K19, Grand Theft Auto Online and Grand Theft Auto V, WWE 2K19 and WWE SuperCard, Social Point’s mobile games, the Borderlands franchise, and Sid Meier’s Civilization VI.
Recurrent consumer spending (virtual currency, add-on content and in-game purchases, including the allocated value of virtual currency and add-on content incorporated in special editions of certain games) increased 31% year over year and accounted for 58% of total revenues.
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https://finance.yahoo.com/news/twos-ttwo...02999.html
![[Bild: TTWOc1dl1629.png]](https://finviz.com/publish/080619/TTWOc1dl1629.png)
Take Two Interactive Software TTWO reported first-quarter fiscal 2020 GAAP earnings of 41 cents per share, down almost 34% year over year.
Net revenues surged 39.3% from the year-ago quarter to $540.5 million. The growth was driven by robust performance of Red Dead Redemption 2 and Red Dead Online, NBA 2K19, Grand Theft Auto Online and Grand Theft Auto V, WWE 2K19 and WWE SuperCard, Social Point’s mobile games, the Borderlands franchise, and Sid Meier’s Civilization VI.
Recurrent consumer spending (virtual currency, add-on content and in-game purchases, including the allocated value of virtual currency and add-on content incorporated in special editions of certain games) increased 31% year over year and accounted for 58% of total revenues.
...
https://finance.yahoo.com/news/twos-ttwo...02999.html
