=Take-Two (TTWO) reported earnings on Wed 6 Feb 2019 (b/o)

Take-Two beats by $1.05, beats on revs; guides Q4 EPS, revs below consensus

• Reports Q3 (Dec) GAAP earnings of $1.57 per share, $1.05 better than the S&P Capital IQ GAAP Consensus of $0.52; revenues rose 139.9% year/year to $1.57 bln vs the $1.5 bln S&P Capital IQ Consensus.
  • Net Bookings from recurrent consumer spending grew 31% and accounted for 22% of total Net Bookings. The largest contributors to Net Bookings in fiscal third quarter 2019 were Red Dead Redemption 2, NBA 2K19, Grand Theft Auto Online and Grand Theft Auto V, WWE 2K19 and WWE SuperCard, Dragon City and Monster Legends, and Sid Meier's Civilization VI.
• To date, Red Dead Redemption 2 has sold-in more than 23 million units worldwide. 
• Co issues downside guidance for Q4, sees GAAP EPS of $0.67-0.77 vs. $0.82 S&P Capital IQ GAAP Consensus; sees Q4 revs of $450-500 mln vs. $608.96 mln S&P Capital IQ Consensus.