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Take-Two (NASDAQ:TTWO): Strongest Q3 Results from the Video Gaming Group [Yahoo! Finance]
Last electronic arts inc. earnings: 1/30 04:01 pm
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US:NASDAQ Investor Relations: investor.ea.com
Looking back on video gaming stocks' Q3 earnings, we examine this quarter's best and worst performers, including Take-Two (NASDAQ:TTWO) and its peers. Since videogames were invented in the 1970s, they have gradually taken more share of entertainment time. Ubiquitous mobile devices have powered a surge in “snackable” games that can be played on the go. Over time, games have developed more social engagement features where friends can play games together over the internet. The business models of games publishers have become less volatile due to digitization of distribution, in game monetization, and like Hollywood, an increasing dependence on surefire hit franchises. Covid driven lockdowns accelerated adoption and usage of videogames – a trend that has not slowed. The 4 video gaming stocks we track reported a softer Q3. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 3.3% below. Thankfully, share prices of the companie
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