Take-Two reported revenue growth of 21% to $420.2 million for the quarter. The company is doing well in expanding into new franchises outside GTA, both, NBA® 2K16, and XCOM® 2 contributed significantly to growth.
Since the quarter ended Mafia III and Civilization VI has been released.
The company has given guidance that the full year earnings (fiscal year ending i March 2017) will be in the range of $1.75 to $1.85 billion and net income in the range of $180 to $213 million. Using the lower end of those estimates the company is trading at P/S 2.2x and PE 21x. Compare that to EA which is trading at P/S 5x and PE 21x based on their full year 2017 guidance.
With Red Dead Redemption 2 from Take-Two coming 2017, Civilization VI being stuck at number 1 in Steam for several weeks since launch I am considering Take-Two as an attractive investment, but have not yet made up my mind to buy or not.