TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ: TTWO) stock fell over 4% in the pre-market session of Feb 9th, 2021 (Source: Google finance) on lower than expected outlook. For fiscal 2021, the company expects net bookings to be in the range of $3.37 billion to $3.42 billion, that is expected to be roughly 55% 2K; 35% Rockstar Games; and 10% Private Division, Social Point, and Playdots. Geographically net bookings to be about 60% United States and 40% International.
For the third quarter of 2021, Digital online net bookings, which is a key metric for them, is reported at 664.4 million, higher than the estimate for 631.6 million. The company has beaten out on physical retail and other net bookings.
TTWO in the third quarter of 2021 has reported the adjusted earnings per share of $1.24, while reported the adjusted revenue of $814.3 million in the third quarter of 2021.
For their fourth quarter, the company is expecting adjusted EPS to be in the range of $0.52 to $0.61 and GAAP net revenue to range from $702 million to $752 million.
Meanwhile, On January 27, 2K had released the fourth roster update for WWE 2K Battlegrounds, which is expected to add to the game’s outrageous in and out of the ring action. On January 28, 2K and Firaxis Games released the Vietnam and Kublai Khan Pack for Sid Meier’s Civilization VI as part of The New Frontier Pass for PlayStation 4, Xbox One, Nintendo Switch and PC. Each pack in this pack features new civilizations and leaders and is also available for individual purchase. The Final Frontier Pass Pack is planned to be released next month and 2K will have more to share about that in the coming weeks. The company last week only, Private Division had launched their beloved space simulation, Kerbal Space Program on Tencent’s WeGame platform in China. Further, On February 10, Private Division and Obsidian Entertainment has planned to release The Outer Worlds: Peril on Gorgon, the first narrative-led expansion for the critically acclaimed darkly humorous sci-fi RPG for the Nintendo Switch. The expansion was released previously for PlayStation 4, Xbox One and PC and is available individually or at a discount as part of The Outer Worlds Expansion Pass which will also include The Outer Worlds: Murder on Eridanos, the second expansion set to launch on PlayStation 4, Xbox One and PC this fiscal year and on Nintendo Switch later in calendar 2021.