Take-Two misses revenue estimates, beats on earnings

Yahoo Finance's Jared Blikre breaks down Take-Two Interactive's Q4 earnings report.

Video Transcript

- We've got some breaking news now. Earnings news from Take-Two Interactive. Jared Blikre has the numbers for us. Hey, Jared.

JARED BLIKRE: Hey there. Well, the stock is up now. It had been down 9%. There was a miss on that headline revenue number. So, for the fourth quarter, the adjusted revenue came in at $845.8 million. That's up 7.8% year over year, but it is shy of the estimate of $870.1 million. Adjusted EPS, however, that bottom-line figure, is a bead in a beat-the-street estimate by $0.10. R&D expenses, $96.1 million short of the estimate of $112.2 million.

And then, their are 2023 year forecast, they are seeing adjusted revenue of 3.75 billion to 3.85 billion. But that is far short of the estimate of 4.08 billion suggested by the street. And they're also seeing adjusted EPS of $4.20 to $4.45. Elon Musk might like that a little bit, but it is far short of the estimate of $5.99. Nevertheless, Take-Two up in after-hours trading, guys.

- Very good. Thank you, Jared.