Take-Two Interactive Software, Inc.NASDAQ
Tue, Nov. 29, 2:07 PM
Mon, Nov. 28, 8:33 AM
- Black Friday weekend channel checks from investment firms are still pouring in. A few tidbits are posted below.
- Wells Fargo: Lululemon (NASDAQ:LULU) was a traffic outperformer, while Calvin Klein (NYSE:PVH) and Carter's (NYSE:CRI) held the line on pricing amid a promotional atmosphere.
- Wedbush: High-profile video games were discounted more than last year. Keep an eye out on GameStop (NYSE:GME), Activision Blizzard (NASDAQ:ATVI), Take-Two (NASDAQ:TTWO) and Electronic Arts (NASDAQ:EA).
- Fung Global Retail & Technology: Shoes (FL, FINL) were identified as a hot seller, while jewelry (NYSE:SIG) sales were down.
- Jefferies: Unexpected strength for the UGG brand (NASDAQ:DECK) and Gap was observed. Demand for Michael Kors (NYSE:KORS) and Coach (NYSE:COH) handbags appeared soft.
- Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
- Source: Bloomberg.
Thu, Nov. 17, 7:01 PM
- Videogame sales were up 6% Y/Y in total in October, as some key pre-holiday software releases again made up for slipping hardware.
- Overall sales were at $875.7M, according to NPD Group. Hardware revenues dropped 20% to $215.2M, and accessories spending fell 24% to $121M.
- “Unit sales for the Xbox One (MSFT +1.7%) brand of hardware grew by 8% compared to last October," said NPD's Sam Naji, as pricing for Xbox One hardware dropped 17% with a lower priced One S Minecraft bundle. The month's best-selling hardware, though, was the PS4 (SNE +1.1%) Slim 500 GB Uncharted 4: A Thief's End bundle. And Nintendo's (OTCPK:NTDOY +3.4%) 3DS saw its fifth straight month of Y/Y growth.
- Meanwhile, videogame software spending on console platforms rose 31% to $505.7M, and PC game software jumped 172% to $33.8M, thanks to "popular new games that included Battlefield 1, Mafia III, Gears of War 4, Titanfall 2 and Civilization VI," said Naji.
- Individual games (ranked by dollar sales): Battlefield 1 (EA +1%) took the top spot, followed by Mafia III (TTWO +4.7%) and Gears of War 4 (NASDAQ:MSFT). FIFA 17 (NASDAQ:EA) was fourth and NBA 2K17 (NASDAQ:TTWO) fifth.
- Rounding out the top 10: Elder Scrolls V: Skyrim (Bethesda Softworks), WWE 2K17 (TTWO), Civilization VI (TTWO), Titanfall 2 (EA) and Madden NFL 17 (EA).
Wed, Nov. 2, 5:01 PM
- Take-Two Interactive Software (TTWO +2%) has gotten a boost after hours, up 4.4%, after beating on top and bottom lines with its fiscal Q2 earnings, despite some light guidance for the holiday quarter.
- Net revenue grew 21% and bookings grew 28% to $452.8M. Biggest contributors were NBA 2K16, Grand Theft Auto V/Grand Theft Auto Online, BioShock: The Collection, and XCOM 2.
- Digitally delivered net revenues were up 14%, to $230.8M. And recurrent consumer spending (virtual currency, downloadable add-on content and online games) made up 56% of that, and 31% of total net revenue (thanks to NBA 2K16 and the Grand Theft Auto franchise).
- It's guiding to Q3 net revenues of $475M-$525M and bookings of $650M-$700M (vs. revenue consensus for $649.6M) and non-GAAP EPS of $0.30-$0.40 (vs. $1.05 expected). For the full year, it sees net revenue of $1.75B-$1.85B and bookings of $1.6B-$1.7B (vs. revenue consensus for $1.64B) and non-GAAP EPS of $2.00-$2.25 (above $1.26 expected).
- Press Release
Wed, Nov. 2, 4:16 PM
Tue, Nov. 1, 5:35 PM
- ACLS, ADSW, AEL, AIG, ALIM, ALL, ALNY, ALSK, AMRS, ARC, AREX, AVD, AWK, AWR, BBRG, BCOV, BEAT, BGC, BKCC, BKFS, BKH, BREW, BRKR, CABO, CAR, CBPO, CCRN, CDI, CF, CGI, CHEF, CLR, CODI, COHR, CPE, CSGS, CSLT, CWEI, CXW, DMRC, DPLO, DPM, DVA, ENSG, EPAY, EQC, EQIX, ERII, ESRT, EVTC, EXAR, EYES, FB, FIT, FMC, FMI, FNF, FOE, FRSH, FRT, FSLR, FTK, G, GDDY, GPOR, HABT, HASI, HBM, HIVE, HOLX, HOS, HR, HSTM, HUBS, IAC, IL, INN, INOV, IO, IOSP, IRG, ITRI, IXYS, JONE, JRVR, KEYW, KGC, KTOS, LGCY, LHCG, LNC, LOPE, LPI, LPLA, LQ, LSI, MANT, MASI, MCHX, MDU, MET, MGNX, MHLD, MRO, MTGE, MUSA, MWA, NBIX, NGHC, NLY, NPO, NSTG, NVDQ, OESX, OME, OSUR, OTTR, PAA, PACB, PAGP, PE, PEGA, PEI, PEIX, PGRE, PRA, PRAH, PRU, PTCT, QCOM, QGEN, QTWO, QUIK, REGI, REXR, RGLD, RICE, RIG, RLJ, RMP, ROG, RRD, RRGB, RRTS, RUBI, RXN, RYN, SBRA, SBY, SF, SRC, SWM, TCAP, TEP, TPC, TROX, TTEC, TTWO, TVIA, TWO, VNDA, VVC, WFM, WMC, WMGI, WPG, WPX, WSTL, WTI, WTS, WYNN, XEC, XOXO, XPO, ZNGA
Tue, Oct. 18, 11:24 AM
- Rockstar Games (TTWO -0.3%) today confirmed some heady fan speculation generated by its tweets, by announcing plans to make Red Dead Redemption 2, a sequel to its hit Western shoot-'em-up. Shares had moved up 5.1% yesterday after cryptic hints.
- The game maker promises a "vast and atmospheric world," which looks to build on the open-world format of the previous game, and teases a trailer for it to come Thursday at 11 a.m. ET. It promises a Fall 2017 release on PlayStation 4 and Xbox One.
- Mizuho reiterated its Buy rating on parent Take-Two Interactive, along with a $48 price target (implying 7.4% upside), on expectations that the game will repeat its predecessor's smash success.
- "Taking a page out of the GTA V playbook, we expect RDR 2 will have a massive single-player action campaign, as well as an online multi-player experience similar to Grand Theft Auto Online," says analyst Neil Doshi.
Mon, Oct. 17, 3:19 PM
- Take-Two Interactive (TTWO +5.7%) is riding higher today after teasing a likely sequel to its Red Dead Redemption hit game, and getting a bullish launch from Oppenheimer.
- A cryptic tweet with cowboy imagery from Rockstar Games this morning is widely interpreted as signaling a follow-up to the 2010 Western shooter, itself a follow-up to 2004's Red Dead Revolver.
- Red Dead Redemption shipped more than 14M units since its release several years ago, and Rockstar had taken to referring to it as a "permanent franchise," suggesting a sequel in the works or even the prospect of transitioning the game's business model a la Grand Theft Auto Online.
- Meanwhile, Oppenheimer has initiated coverage of the stock at Outperform, with a $54 price target, implying nearly 20% upside from today's elevated pricing.
Mon, Oct. 17, 3:00 PM
Thu, Sep. 15, 6:36 PM
- Videogame sales ticked up Y/Y, rising 1% as key new game releases reversed a trend of declines, according to NPD Group.
- Spending had been falling against tough comparisons with last summer's releases. But a strong release schedule, including a new year's Madden NFL and a high-profile release in No Man's Sky, rescued August from summer doldrums.
- Overall sales rose to $573.4M as a pickup in software slightly more than offset continuing declines in hardware and accessories.
- Hardware sales continued a downward trend, coming on the cusp of a console refresh cycle at Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT). Those revenues fell 6% Y/Y to $178.1M.
- "The unit growth in sales for the Xbox One and the 3DS was not enough to offset the decline in spending on the PS4, Wii U and older consoles," says NPD's Sam Naji. "The decline in unit spending was also compounded by the 7 percent decline in the ARP for consoles and a 22 percent decline in the ARP for portables.”
- Videogame software spending, including digital estimates, grew 8% to $273.7M. And PC game sofware rose 18% to $14.2M. Meanwhile, accessory spending dropped 5% to $107.4M.
- In individual games (ranked by dollar sales), new releases took the spotlight: Madden NFL 17 (NASDAQ:EA) topped the chart, followed by No Man's Sky (SNE) and Deux Ex: Mankind Divided (Square Enix). Grand Theft Auto V, a cash cow at Take-Two (NASDAQ:TTWO), was No. 4, followed by Overwatch (NASDAQ:ATVI).
Mon, Aug. 22, 7:05 PM
- Videogame spending fell 14% overall in July, again facing tough comparisons with last summer and again led down by hardware, according to NPD Group.
- Overall sales fell to $480.1M, while hardware dropped 30% Y/Y to $141.3M. With a new Xbox One S already released, and two new PS4s reportedly on the way, unit sales fell 10%, and average price was down 22%. Portables were up 23%; consoles down 37%.
- Videogame software (now including digital estimates) dropped 5%, to $210.3M, and PC game software fell 12% to $11.4M. Accessories spending also dropped 5%, to $117.1M.
- In individual games (ranked by dollar sales), cash cow Grand Theft Auto V (TTWO +0.8%) overtook Overwatch (ATVI +0.4%) for the top spot, followed by Lego Star Wars: The Force Awakens (TWX -0.4%). Including digital full-game sales has lifted GTA V, which had been falling down the physical sales chart. Other titles of interest: Call of Duty: Black Ops III (NASDAQ:ATVI) at No. 5, and Minecraft (MSFT +0.1%) at No. 6.
- In an uncommon outcome, Xbox One outsold the PlayStation 4 (SNE +0.9%) in July thanks to a reduced average price, with Wii U (OTCPK:NTDOY +1.6%) again in third place among hardware.
Thu, Aug. 4, 4:51 PM
- Take-Two Interactive Software (NASDAQ:TTWO) has seen a few healthy bids after hours, currently up 5.4% in choppy trades, following fiscal Q1 results where revenues grew 13% and its net loss narrowed.
- As with other game companies, it's modified calculating its non-GAAP financial measures to comply with new SEC interpretations -- particularly in adjusting for net effect from deferral of net revenue and cost of goods sold.
- Revenue grew on a GAAP basis to $311.6M, largely due to cash cows Grand Theft Auto V/Grand Theft Auto Online, NBA 2K16 and Battleborn.
- Net loss narrowed on a GAAP basis to $38.6M (from a loss of $67M a year ago) and on a non-GAAP basis to $17.6M (from a loss of $33.2M a year ago).
- Bookings fell to $253.4M from the year-ago $353.8M (a quarter that had seen the launch of GTAV for PC).
- For fiscal Q2, it's guiding to net revenue of $375M-$425M (above an expected $328.3M), GAAP EPS of $0.32-$0.44 and non-GAAP EPS of $0.35-$0.45.
- Press release
Thu, Aug. 4, 4:48 PM
Wed, Aug. 3, 5:35 PM
- AAOI, ABTL, ACAD, ACHN, ACXM, AHS, AHT, AIRM, AL, ALNY, AMBR, AMH, AMRS, ANET, ASYS, ATRC, ATVI, BBG, BLDR, BMRN, BRS, CARA, CBPO, CERS, CINR, CPSI, CPST, CSOD, CTRL, CYTX, DCO, DCT, DMD, EBS, ECOM, ECPG, ECYT, ED, EFC, EGOV, EOG, ESL, EVDY, EVH, FCE.A, FEYE, FFG, FLDM, FLR, FLT, FPRX, FRPT, FRT, FTD, GCAP, GDOT, GEOS, GSAT, GSBD, GST, GTY, GXP, HDP, HE, HTGC, ICON, IILG, IMMR, IMPV, INAP, INGN, IRWD, IVR, JMBA, JUNO, KHC, KMPR, KND, KTOS, KW, LADR, LBTYA, LGF, LNKD, LOCO, LOPE, MACK, MDRX, MELI, MHK, MHLD, MITT, MMI, MNST, MNTX, MRIN, MSI, MTX, MTZ, NAVG, NDLS, NFG, NNI, NOG, NUS, OEC, OLED, OREX, OUT, OVAS, PACB, PCLN, PDLI, PETX, PFMT, PGRE, PKI, POST, PRSS, PSIX, PTCT, RATE, REGI, RMAX, RPTP, RRMS, RTRX, RVNC, SEM, SEMG, SHOR, SMCI, SPXC, SSNI, SWIR, SYMC, SYRG, TASR, TCRD, TEAM, TRMR, TRUE, TSRO, TTWO, TWOU, TXMD, UBNT, UEIC, VVUS, WAIR, WEB, WIFI, WING, WTI, WTS, WTW, ZG, ZNGA
Fri, Jul. 22, 10:18 PM
- Videogame spending fell 26% Y/Y in June, facing tough comparisons against strong launches in 2015 and with hardware making up most of the decline, according to NPD Group data.
- Overall spending was $652.2M. Videogame hardware spending came to $181.5M -- down 42% as unit sales fell 32% and prices on average dropped 15%, the firm said.
- NPD Group has begun adjusting its report to include point-of-sale info for digital game sales made via PlayStation Network, Xbox Store and Steam, to reflect a fast-growing portion of industry revenues. That means for now that Nintendo sales and mobile sales, as well as other PC stores like EA's Origin, are missing and not projected.
- In software, both videogame and PC game software fell 20%, though last June featured strong launches like Batman: Arkham Knight. Overall sales (now including digital formats) came to $322M for consoles/portable and $27.8M for PC games including Steam.
- Accessories fell 6%, and interactive gaming toys (the lead accessory type) fell by 21%, mitigated somewhat by a 6% growth in headsets/headphones.
- In individual games (now ranked by dollar sales), despite the tough comps May launches had a good second month. Overwatch (NASDAQ:ATVI) continued to top the chart, followed by Grand Theft Auto V (NASDAQ:TTWO) and Lego Star Wars: The Force Awakens (NYSE:TWX). The inclusion of digital full-game sales gave GTA V a new boost.
- PlayStation 4 (NYSE:SNE) again was the top-selling console, over Xbox One (NASDAQ:MSFT) and Wii U (OTCPK:NTDOY).
Wed, May 18, 4:31 PM
- Take-Two (NASDAQ:TTWO) is up 1.2% in choppy postmarket trading following a fiscal Q4 earnings report where it beat expectations but guided well below consensus for the out quarter and full year.
- Revenues by region: United States, $196M (up 19%); International, $181.2M (up 33.8%).
- For Q1, it's guiding to non-GAAP revenue of $225M-$260M (short of consensus for $304M) and a non-GAAP net loss per share of $0.40 to $0.30, vs. an expected profit of $0.23/share. For the full year, it's forecasting non-GAAP revenues of $1.5B-$1.6B (vs. expected $1.773B) and non-GAAP EPS of $1.00-$1.25, short of consensus for $2.00.
- Conference call to come at 4:30 p.m. ET.