What to Watch When Take-Two Interactive Reports Earnings
Take-Two Interactive (NASDAQ: TTWO) reports earnings for its fiscal first quarter of 2018 on Aug. 2, after the market close. There are no new releases to drive sales, so the key to a good quarter will be player engagement with existing titles and how that affects digital revenue performance.
With the delay of Red Dead Redemption 2, Take-Two is facing a lighter game slate for fiscal 2018 than was originally expected at the start of the year. This only means that fiscal 2019 will be a huge year for Take-Two, with Red Dead, the western action game, pushed back to spring 2018. For now, more focus will be on player engagement within Grand Theft Auto Online, and sports titles NBA 2K and WWE 2K.
IMAGE SOURCE: TAKE-TWO INTERACTIVE.
Source: Fool.com
Take-Two Interactive Stock
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