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BlackBerry Aims for Financial Growth, Take-Two Interactive Software Shines in Q4 Financial Report

  • May 17th, 2023
  • 197 views

BlackBerry Limited (NYSE: BB) has unveiled its long-term financial targets, outlining its strategic objectives for the future. 

The company is aiming to achieve substantial improvements in non-GAAP EPS loss and cash flow utilization in FY24, with the ultimate goal of attaining non-GAAP profitability by Q4 FY24.

Looking further ahead, BlackBerry aims to generate positive full-year non-GAAP EPS and cash flow starting from FY25. These targets reflect the company's commitment to strengthening its financial performance and positioning itself for sustainable growth.

In after-hours, $BB is trading at $5.39, exhibiting a minor increase of $0.01 or 0.19%.

Take-Two Interactive Software, Inc. (Nasdaq: TTWO) has released its financial results for the fourth quarter and fiscal year 2023, concluding on March 31, 2023.

In Q4 FY2023, the company experienced an impressive 56% increase in GAAP net revenue, reaching $1.45 billion compared to $930.0 million in the previous fiscal fourth quarter. Moreover, the full FY2023 GAAP net revenue rose by 53% to $5.35 billion, surpassing the $3.50 billion achieved in FY2022.

Take-Two has also provided its initial outlook for the future. For Q1 FY2024, the company expects GAAP net revenue to range from $1.21 to $1.26 billion, while for Full-FY2024, the projected GAAP net revenue is anticipated to range from $5.37 to $5.47 billion.

$TTWO is trading at $136.75 in after-hours, reflecting a significant increase of $11.73 or 9.38% 

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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