Take-Two Annual Report: Revenue increased by 4%, but profit fell immediately by 29%

Late last night, Take-Two reported on the results of fiscal 2022. Let’s go through the main figures.

The publisher’s net revenue amounted to $3.5 billion, which is almost $100 million higher than the company had planned.

▪️In-game purchases accounted for 65% of Take-Two’s annual revenue.

▪️Digital sales brought the company 90% of revenue — $3.15 billion.

Net receipts (net booking) amounted to $3.4 billion, which is 4% less than last year.

▪️Net profit decreased to $418 million. However, this is $45-57 million more than expected.