(Reuters) -Take-Two Interactive Software tempered expectations for fiscal 2025 bookings on Thursday, after setting the release for the highly anticipated “Grand Theft Auto VI” in the fall of calendar 2025.
Shares of the New York-based company fell 4% in extended trading.
The video game publisher now expects bookings between $5.55 billion and $5.65 billion, down from its prior forecast of just over $7 billion.
The downbeat forecast signals more pain for the firm as the gaming industry faces weaker video game spending as consumers cut back amid elevated inflation.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)
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