Take-Two Interactive Software Inc (TTWO)

Pretax margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-3,702,800	-1,688,800	-1,736,600	-1,460,700	-1,338,100	-485,700	-133,400	187,600	465,400	597,175	661,421	758,939	677,800	548,859	521,189	486,645	458,439	398,332	269,406	217,493
Revenue (ttm)	US$ in thousands	5,349,600	5,396,400	5,437,900	5,532,200	5,349,900	4,822,896	4,318,396	3,783,096	3,493,996	3,420,892	3,372,649	3,354,562	3,369,915	3,284,364	3,358,880	3,378,818	3,087,326	2,865,792	3,195,769	2,828,138
Pretax margin		-69.22%	-31.29%	-31.94%	-26.40%	-25.01%	-10.07%	-3.09%	4.96%	13.32%	17.46%	19.61%	22.62%	20.11%	16.71%	15.52%	14.40%	14.85%	13.90%	8.43%	7.69%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-3,702,800K ÷ $5,349,600K
= -69.22%

The pretax margin of Take-Two Interactive Software Inc has shown fluctuations over the past several quarters. From December 2019 to March 2020, the pretax margin increased steadily, reaching 14.85%. However, in the subsequent quarters, the pretax margin began to decline, hitting a low of -69.22% in March 2024. Overall, the trend indicates that the company's profitability before taxes has been inconsistent with periods of both improvement and decline. Further analysis and investigation into the factors driving these fluctuations may be necessary to understand the company's financial performance better.