Take-Two Interactive’s Record Growth Isn’t a Fluke
Take-Two Interactive (NASDAQ: TTWO) recently announced sales growth that blew past management's outlook. The video game giant's NBA 2K20, Grand Theft Auto, and Borderland brands were just a few of the standouts that allowed net bookings to jump 49% in the fiscal 2020 fourth quarter compared to a 21% increase for rival Activision Blizzard.
Some of that market-thumping growth reflected the increased stay-at-home time that put a premium on electronic entertainment options, especially around sports brands. But in a conference call with Wall Street analysts, CEO Strauss Zelnick and his team explained how Take-Two's positive momentum could carry right through to the fiscal year that started on April 1.
Let's look at some highlights from that presentation.
Source Fool.com
