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Analyst
Doug Creutz
Period: Reporting periods mapped to calendar 2024 Q3 – 2026 Q2 (8 quarters).
- Questions
- 13on tracked calls
- Challenge rate
- 8%1 of 13 questions
- Companies
- 3questioned at least once
- Reporting periods
- 8with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 13 of 13 questions from 3 companies
TTWOTake-Two Interactive8 questions · 8 reporting periods · 0 of 8 challenging
Calendar 2026 Q2
there have been some slowdown in the Mobile market in Q2, which they attributed to macro uncertainty
Show response
Strauss rejected the peer's read, attributing softness to a Color Block Jam comp and acknowledging some UA pressure but no consumer pullback.
Calendar 2026 Q1
Is that based on anything you are you are seeing in the year to date? Or is that more of a hey. These are older titles. Let's be prudent in our outlook
Show response
Strauss confirmed the mobile outlook reflects prudent conservatism rather than current weakness, noting Toon Blast was up 25% despite being a legacy title. Mobile guidance does not include major assumptions for new launches.
Calendar 2025 Q4
I wondered, Strauss, if you'd like to expound upon whether you think what's happening in the market is an accurate reflection of the threats and opportunities you see coming from AI
Show response
Strauss expressed enthusiasm for generative AI, noting hundreds of pilots across the company driving efficiencies, reducing costs, and freeing creators for more creative work. Positioned AI squarely within TTWO's innovation and efficiency pillars.
Calendar 2025 Q3
I wondered your view on how that affects your ability to attract talent, your ability to place games in the market
Show response
Strauss noted TTWO is underleveraged, expects to be net cash company again shortly, and sees independence plus public security as advantages. Emphasized culture of performance over claiming premature success.
Calendar 2025 Q2
Can you talk about whether we're seeing finally a bottoming in that market? Or is this maybe due to some game specific things that impacted the quarter?
Show response
Strauss attributed the ad revenue stabilization to TTWO's strategic shift from hyper-casual to hybrid-casual, expressing confidence in growing from current levels.
Calendar 2025 Q1
anything about the business or the industry has changed structurally such that when your current pipeline reaches fruition, you would not be able to reach those margin levels again?
Show response
Lainie affirmed no structural barriers to returning to prior peak margins, citing cost reduction programs and efforts to offset higher dev costs.
Calendar 2024 Q4
do you feel like you're getting closer to realizing some of those synergies? Is that something that is a key component of your optimistic outlook
Show response
Strauss clarified the biggest realized synergy is D2C business inside mobile rather than core IP ports, though unannounced projects are in development.
Calendar 2024 Q3
Those other 3, are they still in the software line-up for the year? Or perhaps they've been moved out?
Show response
Management deflected the specific question about whether 3 titles remain in the FY25 lineup, noting they don't update release expectations without financial reason.
EAElectronic Arts4 questions · 4 reporting periods · 1 of 4 challenging
Calendar 2025 Q2
when you think about your games, in particular Battlefield, where do you see yourself landing in terms of the $70 versus the $80 price point?
Show response
Wilson said no pricing changes planned, noting EA already spans free-to-play through deluxe editions. Canfield confirmed no different pricing approach factored into FY26 guidance. Focus remains on LTV across player base.
Calendar 2025 Q1
Obviously, College Football '25, you had a huge amount of pent-up demand and that could create a tough comp
Show response
Wilson emphasized NFL and college sports both growing in fandom. Canfield acknowledged tough Q2 comp from pent-up demand but expects continued growth through deeper franchise integration and year-two College Football learnings.
Calendar 2024 Q4
I was wondering if you could talk about how the kind of Apex Legends work is going to getting it back to where you want it to be
Show response
Wilson outlined three vectors: supporting core community with content and quality of life, a more meaningful update post-Battlefield launch, and a longer-term Apex 2.0 vision. Canfield noted Q3 was in line with expectations.
Calendar 2024 Q3
since then, BioWare has had a somewhat challenging decade with some -- a lot of turnover management
Show response
Wilson acknowledged Anthem's shortcomings as BioWare trying something outside its DNA. Said the studio returned to core strengths: rich worlds, nuanced characters, compelling stories with relationships and decisions that matter.
SPOTSpotify Technology S.A.1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q4
What's driving the expected sequential decline in gross margins in the first quarter of 2025?
Show response
Christian attributed the sequential margin decline to seasonality and investments, declining to discuss the UMG deal.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| TTWO Take-Two Interactive | 8 | 0%none of 8 questions |
| EA Electronic Arts | 4 | 25%1 of 4 questions |
| SPOT Spotify Technology S.A. | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q3 | 2 | 50%1 of 2 questions | 2 |
| 2024 Q4 | 3 | 0%none of 3 questions | 3 |
| 2025 Q1 | 2 | 0%none of 2 questions | 2 |
| 2025 Q2 | 2 | 0%none of 2 questions | 2 |
| 2025 Q3 | 1 | 0%none of 1 question | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2024 Q32 questions · challenge rate 50% (1 of 2 questions) · 2 companies
- 2024 Q43 questions · challenge rate 0% (none of 3 questions) · 3 companies
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2025 Q31 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics5
- Demand4
- Revenue Growth3
- Innovation & R&D2
- Margin2
- Guidance Reliability2
- Product Launch2
- Macroeconomic1
- Capital Allocation1
- Pricing1
Show all 12 topics
- Subscriber Growth1
- M&A1