Take-Two falls after dour annual bookings forecast

Take-Two Interactive Software

15/05/2025 22:24

** 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

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))