Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Q3 2023 Earnings Call Transcript

Matthew Thornton : Okay. Maybe I’ll sneak in one — a second one, if I could, as well. Just really around productivity. Obviously, you guys are pretty far along in the return to office. When you step back and think about that big pipeline and all the projects that you’ve laid out, how do you feel like things are progressing from a productivity standpoint now that, again, you’re pretty far along in the return to office. Thanks again.

Strauss Zelnick : We’ve been pretty flexible about return to office, and our teams have been great. One of the many wonderful things about working at Take-Two, the amazing people that we work with. We’re more than 11,000 people strong around the world. And our attrition rate remains much, much lower than the industry average. And I think that’s because — this is an extraordinary place to work where we seek the best and the brightest on both the business and the creative side, and we encourage people to pursue their passions and excellence at the same time. So productivity is strong. Performance is strong. We probably never had a period this long with all of our titles showing up or performing. I believe in the last two years, we’ve had the best reviews and the best scores we’ve ever had. And that’s why the business challenges are a bit frustrating, because our people are delivering. And we will deliver over time as long as we keep doing that, and that’s the plan.

Operator: Thank you. There are no further questions at this time. I’d like to turn the floor back over to Strauss Zelnick for any closing comments.

Strauss Zelnick: Thank you for joining us today. I wish we were giving you better news across the board. There is so much good news here, and we’re really proud of it. As I said just a minute ago, the thing we’re most proud of is our phenomenal colleagues all around the world to whom all of us are so grateful. And as for our results, we plan to do better. We thank you for your support.

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