Take-Two Interactive forecasts quarterly bookings below estimates

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Take-Two Interactive Software forecast third-quarter bookings below Wall Street expectations on Wednesday, as consumers cut spending budgets owing to higher-for-longer inflation and an uncertain economy. The videogame publisher forecast bookings in the range of $1.35 billion to $1.

The videogame publisher forecast bookings in the range of $1.35 billion to $1.40 billion, compared with estimates of $1.44 billion, as per data compiled by LSEG.

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, U.S., February 7, 2022.

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Category: EconomyBusiness

Markets: Singapore

Topics: Take-two Software Billion Photo: 2k22 Bookings File Forecast Experience Mediacorp Interactive

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:12:40 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 137 words

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News ID: 23452680

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