Take-Two Stock Slips After Grand Theft Auto Maker Cuts Outlook

Take-Two Interactive Software (TTWO) has announced that the next installment of its popular game series, Grand Theft Auto, is scheduled to be released in the fall of 2025. As a result, the company has adjusted its outlook for the fiscal year ending in March 2025, with net bookings expected to range between $5.55 billion and $5.65 billion. This forecast is lower than the initial projection made in February, which was just under $8 billion. Analysts had predicted net bookings of approximately $6.98 billion for fiscal year 2025.