Take-Two: lowers order forecasts

(CercleFinance.com) - On announcing its Q2 results on Monday evening, video game publisher Take-Two Interactive lowered its net order forecast for FY 2022-23 year to 5.
4 to 5.5 billion dollars.

The group said that its reduced guidance reflects changes in its pipeline, currency fluctuations and a more cautious view of the current macroeconomic environment, particularly in the mobile segment.

In the last quarter, the owner of the "NBA", "Grand Theft Auto" and "Red Dead" franchises posted a net loss of 1.54 dollar per share on revenues that were up 62% at 1.4 billion dollars and net orders that rose by 53% to 1.5 billion dollars.


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