Stock Monitor: Zedge Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want access to our free earnings report on Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (?Take-Two?), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TTWO. The Company reported its fourth quarter fiscal 2018 and full fiscal year 2018 operating and financial results on May 16, 2018. The publisher of ?Grand Theft Auto? and other video games provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Zedge, Inc. (NYSE AMER: ZDGE), which also belongs to the Technology sector as the Company Take-Two Interactive Software. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=ZDGE

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Take-Two Interactive Software most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TTWO

Earnings Highlights and Summary

For Q4 FY18, Take-Two?s net revenues were $450.3 million compared to $571.6 million in Q4 FY17. The Company?s recurrent consumer spending (virtual currency, add-on content, and in-game purchases) grew 42% on a y-o-y basis and accounted for 44% of the Company?s total net revenues. For Q4 FY18, the largest contributors to net revenues were Grand Theft Auto® Online and Grand Theft Auto V, NBA® 2K18, Sid Meier?s Civilization VI, WWE® 2K18 and WWE SuperCard, and Dragon City and Monster Legends.

For Q4 FY18, Take-Two?s digitally-delivered net revenues grew 8% to $301.4 million compared to $278.7 million in Q4 FY17. For the reported quarter, the largest contributors to digitally-delivered net revenues were Grand Theft Auto Online and Grand Theft Auto V, NBA 2K18, Sid Meier?s Civilization VI, and WWE 2K18 and WWE SuperCard.

For Q4 FY18, Take-Two?s net income was $90.9 million, or $0.77 per diluted share, compared to $99.3 million, or $0.89 per diluted share, in Q4 FY17. The Company?s earnings outperformed expectations of $0.64 per share.

For FY18, Take-Two?s net revenues grew to $1.79 billion compared to $1.78 billion in FY17. The Company?s recurrent consumer spending grew 63% and accounted for 42% of total net revenues.

For FY18, Take-Two?s net income increased 158% to $173.5 million, or $1.54 per diluted share, compared to $67.3 million, or $0.72 per diluted share, in FY17.

Operational Metrics

Take-Two?s total net bookings grew to $411.4 million compared to $407.1 million in Q4 FY17, lagging analysts? estimates of $443.9 million. The Company?s net bookings from recurrent consumer spending grew 15% on a y-o-y basis and accounted for 58% of the Company?s total net bookings. Catalog accounted for $293.1 million of net bookings led by Grand Theft Auto, Dragon City and Monster Legends, and Sid Meier?s Civilization VI.

During Q4 FY18, Take-Two?s digitally-delivered net bookings grew 12% to $333.1 million compared to $298.5 million in Q4 FY17. For the reported quarter, the largest contributors to digitally-delivered net bookings were Grand Theft Auto Online and Grand Theft Auto V, NBA 2K18, Sid Meier?s Civilization VI, Monster Legends and Dragon City, and WWE SuperCard and WWE 2K18.

Take-Two?s total net bookings grew 5% to $1.991 billion compared to $1.90 billion in FY17. The Company?s net bookings from recurrent consumer spending grew 48% and accounted for 48% of total net bookings.

Cash Matters

Take-Two?s net cash provided by operating activities grew 19% to $393.9 million compared to $331.4 million in FY17. As of March 31, 2018, Take-Two had cash and short-term investments of $1.42 billion. During the full fiscal year 2018, the Company repurchased 1.51 million shares of its common stock for $154.8 million.

Outlook

For the first quarter of the fiscal year 2019, Take-Two?s GAAP net revenues are expected to be in the range of $345 million to $395 million. The Company?s GAAP net income is expected to be in the band of $62 million to $74 million, or $0.53 to $0.63 per diluted share. Take-Two?s net bookings are expected to be in the range of $215 million to $265 million.

For the full fiscal year ended March 31, 2019, Take-Two is projecting GAAP net revenues to be in the band of $2.50 billion to $2.60 billion; while its GAAP net income is expected to be in the range of $180 million to $211 million, or $1.53 to $1.80 per diluted share. The Company is expecting cash provided by operating activities to be approximately $710 million. The Company?s capital expenditure is expected to be approximately $60 million, while its net bookings are expected to be in the band of $2.67 billion to $2.77 billion.

Stock Performance Snapshot

June 11, 2018 - At Monday?s closing bell, Take-Two Interactive Software?s stock was marginally down 0.09%, ending the trading session at $113.32.

Volume traded for the day: 1.08 million shares.

Stock performance in the previous six-month period ? up 6.36%; past twelve-month period ? up 50.49%; and year-to-date ? up 3.22%

After yesterday?s close, Take-Two Interactive Software?s market cap was at $12.87 billion.

Price to Earnings (P/E) ratio was at 68.97.

The stock is part of the Technology sector, categorized under the Multimedia & Graphics Software industry. This sector was up 0.3% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors