Why Take-Two Interactive Stock Crushed it on Thursday
Wednesday's good news about Take-Two Interactive (NASDAQ: TTWO) came after market close, so investors leaped on the stock during the following trading session. On Thursday, the video game maker's stock was quite the outperformer, leaping almost 8% higher in price. That was a far better performance than that of the S&P 500 index; this crept upwards at a 0.7% pace.
That news was Take-Two's latest earnings, which featured beats in two of its key line items. The company reported that net revenue in its fiscal second quarter of 2025 amounted to $1.35 billion, an improvement of 4% on a year-over-year basis. That was on the back of a 2% increase in net bookings (i.e., sales concluded but not necessarily realized) to $1.47 billion.
According to generally accepted accounting principles (GAAP) standards, net loss was just over $365 million ($2.08 per share) in the quarter. That bettered the nearly $544 million deficit in the second quarter of fiscal 2024.
Source Fool.com
