Take-Two Q1 results include net bookings ahead of guidance, a slight increase in revenue, and cancellation of unannounced game
Take-Two Interactive reported Q1 results exceeding guidance, driven by strong performance from NBA 2K6 and Grand Theft Auto V, alongside its Zynga mobile portfolio. The company maintained its full-year net bookings projection of $8-8.2 billion. Revenue impairment was noted due to the cancellation of an unannounced title, contributing to a significant year-over-year increase in net loss.
- Entities
- Topic: Financial Results
- Game: Red Dead
- Person: Strauss Zelnick
- Game: Grand Theft Auto VI
- Company: Take-Two Interactive
- Company: Zynga Games
- Game: Grand Theft Auto 5
- Game: NBA 2K6
- Company: Rockstar Games
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