Is Take-Two Interactive Stock a Buy Now?
Take-Two Interactive (NASDAQ: TTWO) is leveling up at a steady, predictable pace. The video game developer recently announced fiscal Q2 earnings results that landed right in line with management's early August forecast. Yet the owner of hit franchises like Grand Theft Auto reduced expectations around sales and earnings this year.
Let's take a look at whether that downgrade changes the long-term thesis for this digital entertainment stock.
The results through late September demonstrate why many investors see Take-Two as a great way to gain exposure to an attractive industry. Sales jumped 62% to $1.4 billion, and most of that revenue came from recurring spending. In that way, Take-Two looks like a software-as-a-service business that can count on a steady stream of predictable revenue.
Source Fool.com
