Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Q2 2024 Earnings Call Transcript

Years ago, there was a Bond movie, and James Bond, everyone knows he only drives an Aston Martin. He’s only ever driven an Aston Martin. I don’t know which iteration it was, but there was one iteration where they clearly made a deal with BMW and all the cars in the movie were BMW. And look, it ruined the movie for me. Because I — to me, every time I saw BMW, I was like, wow, look, a little bit of product placement right there, a little bit of an advertisement. That’s a disaster. So it’s perfectly fine in basketball. It’s perfectly fine in WWE. It’s not perfectly fine in that title where advertising doesn’t fit. As a result, I don’t think you should expect that the numbers will be really material, although again, we do have an advertising business when it makes sense.

That’s completely separate, again, at the risk of being repetitive, from the mobile advertising business. That’s a growth category for us. Our mobile advertising was up year-over-year. We feel really good about that.

Brian Fitzgerald: Thanks, Strauss.

Strauss Zelnick: I think those are all the questions we have. I just want to say thank you again for everyone joining us today. We’re thrilled with the results, and the results are driven by the creativity and passion and commitment of our colleagues, all 12,500 of them all around the world. They work really hard every day, and we get to talk about it here. But the work is done at the studio level, at the label level, at the corporate level. This is a company of great commitment to our strategy of creativity, innovation and efficiency, and we have a culture of ambition, hard work, excellence, seeking and kindness. And I’m really proud of that. This is a really unusual place. If we pursue our strategy and we do it in a way that’s consistent with our culture, we’ve seen over and over again to do well. We’re proud of that, and we feel very optimistic about the future. Thanks so much for joining us today.

Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.