Video game publisher Take-Two Interactive Software posted fiscal fourth quarter earnings that surpassed analysts’ expectations, thanks to pandemic-driven demand.
Net income came in at $1.88 a share, compared to analysts’ expectations of 97 cents. Earnings were $1.07 a share in the year-ago quarter. Revenue rose +10% year-over-year to $839.4 million in the quarter, also beating analysts’ consensus of $661.4 million.
Net bookings came in at approximately $3.6 billion and adjusted unrestricted operating cash flow was $920 million for the quarter.
For fiscal 2022, Take-Two is expecting revenue of $3.14 billion to $3.24 billion and profit of $228 million to $257 million.