Take-Two Interactive Software (TTWO) Revenue — Quarter Ended Jun 30, 2024
Revenue declined from the prior quarter but increased compared to the same period last year. The sequential decrease was driven by the normal seasonal cadence of the business.
Key takeaway
Quarter ended Jun 30, 2024 · FY2025 Q1
Revenue declined from the prior quarter but increased compared to the same period last year. The sequential decrease was driven by the normal seasonal cadence of the business.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $1.3B | -6.8% |
| Dec 31, 2023 | $1.4B | -2.9% |
| Mar 31, 2024 | $1.4B | -3.2% |
| Jun 30, 2024 | $1.3B | +4.2% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, reflecting a typical post-holiday slowdown. However, when measured against the same quarter one year earlier, revenue showed an increase.
Quarterly comparison
Compared to the prior quarter, revenue was lower, while compared to the same quarter a year ago, revenue was higher. These contrasting trends highlight the seasonal nature of the company's product releases.
What to watch
The company's primary cash requirements continue to focus on product development, manufacturing, and marketing activities.