Gaming tailwinds are propelling Take-Two

February 8, 2021

Take-Two (TTWO)

ake-Two reports 21Q3 earnings today after the bell. Many investors are drawing comparisons to gaming peer, Activision, whose shares spiked last week after announcing better-than-expected results and raising guidance.

What does LikeFolio data say?

Take-Two demand improved during Q3, driven by sustained gaming mentions and a successful NBA 2K21 release.

New gaming mentions increased 67% YoY in the last quarter and generic gaming mentions increased 22% in the same time frame.

new gaming mentions

Take-Two gaming mentions were also bolstered by the explosive release of new gaming consoles PlayStation 5 and Xbox Series S,X just ahead of the Holiday season.

Mentions of playing a Take-Two game on a new console increased 15% YoY in Q3.

A sustained increase in gaming mentions alongside renewed hype from new gaming consoles may be positive indicators for another key piece of TTWO revenue: recurring consumer spending (in-game purchases).

Last quarter, recurring consumer spending increased by 43% YoY and accounted for ~64% of total net bookings.

Meaning, once consumers buy or download a game, the buck doesn't stop there.

We'll see how this all stacks up to investor expectations this afternoon.

PEP: Commercial Reaction

Doritos (PEP) commercials have become a Super Bowl mainstay, and every year we see a massive influx of consumer buzz as a result.
This year’s installment, starring actor Matthew McConaughey, sparked a surprising consumer reaction...

Want deeper insights? Get Free Access to The Vault.

Related Posts

XBOX domination incoming?

Microsoft (MSFT) -- Xbox Microsoft releases 21Q1 earnings today after the bell. […]

Read More
Is Draftkings worth betting on here?

DraftKings (DKNG) DraftKings has been busy, and is poised for […]

Read More
Gamers can't get enough of Nvidia's graphics cards

Nvidia (NVDA) Would you look at that?! It's no leg […]

Read More
1 2 3 11

Related Posts

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.