Take-Two falls after dour annual bookings forecast
ReutersMay 15, 2025 9:24 PM
Shares of video game publisher Take-Two Interactive Software TTWO.O fall 3% to $225.44 after hours
TTWO forecasts fiscal 2026 bookings between $5.9 billion and $6 billion, vs Visible Alpha estimates of $6.46 billion that were revised after much-awaited game "GTA VI" was delayed
Company beats estimates for Q4 bookings but records a $3.5 billion impairment charge as a result of "updating long term expectations"
Sees Q1 bookings between $1.25 billion and $1.30 billion, vs estimates of $1.28 billion, according to data compiled by LSEG
TTWO has risen over 26% YTD
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