TTWO Stock Alert: Why is Take-Two Interactive Trending Today?

TTWO Stock – TTWO Stock Alert: Why Is Take-Two Interactive Trending Today?

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Interactive Take-Two software (NASDAQ:TWO) The stock is on the move on Friday after the video game publisher released its preliminary earnings report for the fourth quarter of 2024.

The bad news for TTWO stock comes from its net loss of $2.9 billion, or $17.02 per share. That’s a huge decline compared to its net loss of $610.3 million, or $3.62 per share, in the same period last year.

Take-Two Interactive Software also reported revenue of $1.4 billion for the quarter. That’s better than the $1.32 billion Wall Street was expecting.

Strauss Zelnick, chairman and CEO of Take-Two Interactive Software, said the following in the earnings report.

“As we enter fiscal 2025 with positive momentum, we expect net bookings of $5.55 billion to $5.65 billion. Our outlook reflects a narrowing of the time window previously established by Rockstar Games from the 2025 calendar to the fall of the 2025 calendar for Grand Theft Auto VI.”

TTWO stock movement today

According to Take-Two Interactive Software’s earnings report, the company’s shares are trading heavily today. As of this writing, more than 1.9 million units have changed hands. That’s above the daily average trading volume of about 1.7 million shares.

TTWO stock is up 2.4% since Friday morning.

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At the time of publication, William White did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of Publishing Guidelines.

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