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Game company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced its third quarter 2023 results on Friday after the closing bell, reporting a net loss and strong revenue growth.
Third-quarter revenue rose 56% year over year to $1.41 billion from $903.3 million in the corresponding period in 2022. Net orders rose 60% to about $1.38 billion.
Meanwhile, the company posted a loss of $153.4 million or $0.91 per share in the December quarter, compared with a profit of $144.6 million or $1.24 per share in the year-ago quarter.
Check out this space to read management/analyst commentary in Take-Two’s Q3 2023 results
The company’s shares closed Monday’s regular trade lower and continued to lose the full session after the earnings announcement.
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