Take-Two Interactive Software today announced financial results for its fiscal year 2022 ending March 31, 2022. Below you can see a summary of the results, which Take-Two describes as “strong”, with revenue and net income above expectations. We’ll also look at the outlook for the current fiscal year, which Take-Two expects to deliver higher revenue but lower profits.
As usual, Take-Two CEO Strauss Strauss Zelnick provided commentary on the press release.
“Our strong fourth quarter results rounded off another very successful year for our company, during which we achieved net orders of $3.4 billion.”
“In fiscal 2023, we expect to set a new record of $3.75 billion to $3.85 billion in net bookings on a stand-alone basis. As we pursue our organic growth initiatives and unlock new opportunities presented by the pending Zynga deal, we believe we can expand our portfolio and further capitalize on new platforms, business models, emerging markets and distribution channels. As we implement these growth drivers, we believe Take-Two continues to be incredibly well positioned to grow in size and visibility in the industry, grow its margins and deliver long-term value to our shareholders.”