What's Going On With Take-Two Interactive Stock Friday?

Zinger Key Points
  • Take-Two released Q4 financial results, where it gave an initial outlook for fiscal 2025 with net Bookings of $5.55 to $5.65 billion.
  • Take-Two announced a release date of fall 2025 for the highly anticipated Grand Theft Auto VI video game, Bloomberg reported.

Take-Two Interactive Software, Inc. TTWO shares are trading lower premarket at last check Friday.

Yesterday, after the closing bell, the company released fourth-quarter financial results, where it gave an initial outlook for fiscal 2025, including net Bookings of $5.55 billion to $5.65 billion.

Check This Out: Take-Two Interactive Shares Fall After Q4 Results, FY 2025 Outlook

The company announced a release date of fall 2025 for the highly anticipated Grand Theft Auto VI video game, leading to a reduction in its bookings forecast for the current fiscal year, Bloomberg reported.

One year ago, Take-Two shares soared after the company forecasted bookings surpassing $8 billion for the year ahead. In February, the company revised its projection downward to “a little above $7 billion.”

The adjusted forecast stems from a delayed release of a title by Take-Two’s Rockstar Games division, initially slated for 2025, the report read. Grand Theft Auto VI, anticipated to be a top-grossing entertainment property, follows the record-breaking success of its predecessor, Grand Theft Auto V, which sold 200 million copies. Reports from late March suggested a delay in the release of Grand Theft Auto VI, Bloomberg added.

The company’s fourth-quarter bookings decreased by 3% to $1.35 billion, as compared to $1.39 billion during last year’s fiscal fourth quarter. Net Bookings from recurrent consumer spending decreased 2%, accounting for 79% of total Net Bookings.

Price Action: TTWO shares are trading lower by 2.45% to $142.50 premarket at last check Friday. 

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: victoria from Pixabay

Market News and Data brought to you by Benzinga APIs
Posted In: EquitiesNewsMarketsMoversGeneralAI GeneratedBriefsStories That Matterwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!