Highlights of Take-Two Interactive (TTWO) Q3 2021 earnings report

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced its third-quarter results Monday after the closing bell, reporting earnings and revenues that exceeded expectations.

Take-Two Interactive Software Q3 2021 earnings infographic

Take-Two Interactive Software Q3 2021 earnings infographic

Third-quarter revenues dropped to $860.9 million from $930.1 million in the corresponding period of 2020 but came in above Wall Street’s projection.

However, net income increased to $182.2 million or $1.57 per share in the third quarter from $163.6 million or $1.43 per share a year earlier, aided by a decline in costs. Analysts had predicted a weaker bottom-line performance.

Read management/analysts’ comments on Take-Two’s Q3 results

The company’s stock closed Monday’s regular trading higher but reversed the trend during the extended session and lost about 4%.

Credit: AlphaStreet

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