Subtext

Take-Two Interactive Software, Inc. TTWO

SectorCommunication Services
Transcripts32
Date range2017-08-02 – 2025-05-15
Calls charted32

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-23-12+0+12+232018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · Overall: +8.82018 Q2 · Overall: +10.12018 Q3 · Overall: +7.82018 Q4 · Overall: +1.62019 Q1 · Overall: +6.92019 Q2 · Overall: +5.92019 Q3 · Overall: +8.32019 Q4 · Overall: +3.92020 Q1 · Overall: +8.92020 Q2 · Overall: +20.42020 Q3 · Overall: +10.32020 Q4 · Overall: +4.82021 Q1 · Overall: +3.92021 Q2 · Overall: +6.32021 Q3 · Overall: +9.42021 Q4 · Overall: +11.62022 Q1 · Overall: +3.42022 Q2 · Overall: +11.82022 Q3 · Overall: +9.22022 Q4 · Overall: -4.02023 Q1 · Overall: +8.02023 Q2 · Overall: +9.72023 Q3 · Overall: +6.82023 Q4 · Overall: +12.12024 Q1 · Overall: +12.72024 Q2 · Overall: +16.62024 Q3 · Overall: +11.22024 Q4 · Overall: +5.82025 Q1 · Overall: +11.92025 Q2 · Overall: +15.72025 Q3 · Overall: +11.02025 Q4 · Overall: +11.2
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-56-28+0+28+562018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · CEO: +20.72018 Q2 · CEO: +22.92019 Q1 · CEO: +18.82019 Q2 · CEO: +11.92019 Q3 · CEO: +17.42020 Q2 · CEO: +48.62020 Q3 · CEO: +21.42020 Q4 · CEO: +13.22021 Q1 · CEO: +16.72021 Q3 · CEO: +16.52021 Q4 · CEO: +19.22022 Q1 · CEO: +12.32022 Q3 · CEO: +21.12022 Q4 · CEO: +8.82023 Q1 · CEO: +20.82023 Q2 · CEO: +15.12023 Q3 · CEO: +17.92023 Q4 · CEO: +27.72024 Q1 · CEO: +26.62024 Q2 · CEO: +29.22024 Q3 · CEO: +23.32024 Q4 · CEO: +20.42025 Q1 · CEO: +27.92025 Q2 · CEO: +25.62025 Q4 · CEO: +22.32018 Q1 · CFO: +12.22018 Q2 · CFO: +4.02019 Q1 · CFO: +8.12019 Q2 · CFO: +1.72019 Q3 · CFO: +7.02020 Q2 · CFO: +23.82020 Q3 · CFO: +2.72020 Q4 · CFO: +9.62021 Q1 · CFO: +32.32021 Q3 · CFO: +7.12021 Q4 · CFO: +5.32022 Q1 · CFO: +4.52022 Q3 · CFO: +12.22022 Q4 · CFO: -7.72023 Q1 · CFO: -0.62023 Q2 · CFO: +10.72023 Q3 · CFO: +1.62023 Q4 · CFO: +5.22024 Q1 · CFO: +7.22024 Q2 · CFO: +8.42024 Q3 · CFO: +3.92024 Q4 · CFO: +3.72025 Q1 · CFO: +23.62025 Q2 · CFO: +9.72025 Q3 · CFO: +15.52025 Q4 · CFO: +11.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-41-20+0+20+412018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · Prepared remarks: +31.72018 Q2 · Prepared remarks: +14.02018 Q3 · Prepared remarks: +23.32018 Q4 · Prepared remarks: +34.52019 Q1 · Prepared remarks: +14.52019 Q2 · Prepared remarks: +23.72019 Q3 · Prepared remarks: +17.92019 Q4 · Prepared remarks: +17.32020 Q1 · Prepared remarks: +16.32020 Q2 · Prepared remarks: +22.12020 Q3 · Prepared remarks: +5.52020 Q4 · Prepared remarks: +9.52021 Q1 · Prepared remarks: +22.22021 Q2 · Prepared remarks: +25.82021 Q3 · Prepared remarks: +19.42021 Q4 · Prepared remarks: +19.02022 Q1 · Prepared remarks: +21.22022 Q2 · Prepared remarks: +21.02022 Q3 · Prepared remarks: +21.52022 Q4 · Prepared remarks: +17.12023 Q1 · Prepared remarks: +17.32023 Q2 · Prepared remarks: +17.82023 Q3 · Prepared remarks: +13.52023 Q4 · Prepared remarks: +20.42024 Q1 · Prepared remarks: +21.12024 Q2 · Prepared remarks: +25.82024 Q3 · Prepared remarks: +19.12024 Q4 · Prepared remarks: +17.72025 Q1 · Prepared remarks: +35.32025 Q2 · Prepared remarks: +16.52025 Q3 · Prepared remarks: +20.52025 Q4 · Prepared remarks: +19.02018 Q1 · Q&A responses: +19.02018 Q2 · Q&A responses: +18.22018 Q3 · Q&A responses: +16.22018 Q4 · Q&A responses: +3.22019 Q1 · Q&A responses: +15.12019 Q2 · Q&A responses: +8.02019 Q3 · Q&A responses: +15.22019 Q4 · Q&A responses: +7.92020 Q1 · Q&A responses: +14.92020 Q2 · Q&A responses: +34.92020 Q3 · Q&A responses: +18.92020 Q4 · Q&A responses: +10.02021 Q1 · Q&A responses: +13.62021 Q2 · Q&A responses: +11.12021 Q3 · Q&A responses: +7.12021 Q4 · Q&A responses: +10.92022 Q1 · Q&A responses: +10.12022 Q2 · Q&A responses: +19.92022 Q3 · Q&A responses: +16.52022 Q4 · Q&A responses: +5.52023 Q1 · Q&A responses: +8.62023 Q2 · Q&A responses: +11.22023 Q3 · Q&A responses: +12.72023 Q4 · Q&A responses: +16.02024 Q1 · Q&A responses: +17.92024 Q2 · Q&A responses: +19.82024 Q3 · Q&A responses: +16.72024 Q4 · Q&A responses: +5.32025 Q1 · Q&A responses: +18.82025 Q3 · Q&A responses: +13.42025 Q4 · Q&A responses: +13.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$3.57$5.14$6.722018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1: $5.062018 Q2: $4.592018 Q3: $4.862018 Q4: $5.082019 Q1: $4.972019 Q2: $4.582019 Q3: $4.802019 Q4: $4.952020 Q1: $4.362020 Q2: $4.322020 Q3: $5.192020 Q4: $5.642021 Q1: $6.182021 Q2: $5.312021 Q3: $5.602021 Q4: $6.222022 Q1: $6.342022 Q2: $6.462022 Q3: $6.252022 Q4: $5.642023 Q1: $5.232023 Q2: $4.482023 Q3: $5.622023 Q4: $6.232024 Q1: $5.992024 Q2: $3.792024 Q3: $5.162024 Q4: $6.50

Forward P/E

16.7729.8142.852018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1: 21.592018 Q2: 25.822018 Q3: 26.892018 Q4: 20.312019 Q1: 19.322019 Q2: 24.212019 Q3: 27.012019 Q4: 24.762020 Q1: 24.452020 Q2: 32.192020 Q3: 30.262020 Q4: 34.602021 Q1: 27.332021 Q2: 32.342021 Q3: 27.272021 Q4: 27.492022 Q1: 23.472022 Q2: 19.512022 Q3: 20.512022 Q4: 18.572023 Q1: 21.672023 Q2: 30.482023 Q3: 25.692023 Q4: 26.172024 Q1: 24.192024 Q2: 41.052024 Q3: 29.722024 Q4: 27.98

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2018 Q3 tone ↓ -2.3 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -6.1 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +5.2 fwd EPS ↓ -0.11 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↓ -4.5 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↑ +5.0 fwd EPS ↓ -0.58 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +11.5 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -10.1 fwd EPS ↑ +0.88 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -5.5 fwd EPS ↑ +0.45 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↑ +2.5 fwd EPS ↓ -0.87 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -8.2 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +12.0 fwd EPS ↓ -0.41 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -2.9 fwd EPS ↑ +1.14 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +4.0 fwd EPS ↓ -2.21 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -5.4 fwd EPS ↑ +1.38 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -5.5 fwd EPS ↑ +1.34 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q42025-05-15+11.2——View →
2025 Q32025-02-06+11.0——View →
2025 Q22024-11-06+15.7——View →
2025 Q12024-08-08+11.9——View →
2024 Q42024-05-16+5.8$6.5028.0View →
2024 Q32024-02-08+11.2$5.1629.7View →
2024 Q22023-11-08+16.6$3.7941.0View →
2024 Q12023-08-08+12.7$5.9924.2View →