Grand Theft Auto Maker Take-Two Reports Soft Q3 Results, Lowers 2024 Forecast - Take-Two Interactive (NASDAQ:TTWO)
Take-Two Interactive Software reported quarterly total net bookings of $1.34 billion which is down 3% year-over-year. Take-Two said net bookings from recurrent consumer spending decreased by 7% and accounted for 75% of total net bookings. The company reported GAAP net revenue of $1.37 billion, also down by 3%, and a GAAP loss per share of 54 cents. Take-Two also revised its 2024 net bookings forecast to between $5.25 billion and $5.3 billion.