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Take-Two Interactive Software tempered expectations for fiscal 2025 bookings on Thursday, sparking concerns that the release of the highly anticipated Grand Theft Auto VI could get delayed. ...
(Reuters) -Take-Two Interactive Software tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of "Grand Theft Auto VI" in the fall of calendar 2025. The video game publisher now expects fiscal 2025 bookings between $5.55 billion and $5.65 billion, down from its prior forecast of just over $7 billion. Take-Two's dour forecast follows disappointing forecasts from Electronic Arts and Roblox last week.
Take-Two Interactive reported adjusted earnings of $1.21 per share and quarterly sales of $1.399 billion, beating the $1.299 billion analyst consensus estimate. Total Net Bookings decreased 3% to $1.35 billion, as compared to $1.39 billion from the prior year's fiscal fourth quarter.