Is The Business Growing?

Is The Business Growing?

• Yes, I believe the company is growing. Although Net Income has gone down for a couple of years there's a few reasons why this trend should be corrected soon:

  • Operating loss for the fiscal year ended March 31, 2024 was $3,590.6 compared to operating loss of $1,165.2 for fiscal year ended March 31, 2023, primarily due to Goodwill impairment charges of $2,342.1, representing a partial impairment related to one of their reporting units.

  • Grand Theft Auto 6 which its previous entry released in 2013, Grand Theft Auto 5, generated 14.7% in fiscal year ended March 31, 2024. This new entry should be released within the next year or two.

  • The acquisitions of studios such as The Gearbox Entertainment Company, Inc. ("Gearbox"), from Embracer Group AB