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Take-Two Interactive forecasts third-quarter net bookings below estimates

Technology
FILE PHOTO: NBA 2K22 and Grand Theft Auto 5 by Take-Two Interactive Software Inc are seen for sale in a store in Manhattan, New York City
April 26, 2024
Reuters - Reuters

(Reuters) - Take-Two Interactive Software forecast third-quarter net bookings below market expectations on Wednesday, hurt by a slowdown in spending on the company's gaming titles such as "Grand Theft Auto" and "Red Dead Redemption".

The company expects net bookings in the range of $1.30 billion to $1.35 billion, compared with estimates of $1.44 billion, according to LSEG data.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta)

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