Take-Two Stock Jumps on Earnings. CEO Sees ‘Extraordinary’ Excitement for New GTA Game.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The executive also said the economic environment for mobile game advertising was “still challenging.”

Take-Two Interactive reported adjusted revenue that met expectations and reiterated its full-year bookings guidance. But the attention of investors and gamers was more fixated on details about the videogame publisher’s next Grand Theft Auto title.

For its December quarter, Take-Two gave an adjusted revenue guidance range of $1.3 billion to $1.35 billion versus the $1.43 billion average analyst estimate. The company also reiterated its full fiscal year adjusted revenue guidance range of $5.45 billion to $5.55 billion. During a phone interview, Barron’s asked Zelnick what the level of excitement was internally for the next installment in the franchise. He said it was extraordinary and the title was highly anticipated by gamers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vivid Seats’ stock jumps after better-than-expected Q3 revenue and acquisition of Vegas.comCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

D.R. Horton Stock Jumps as Housing Bellwether Beats on Earnings, Hikes DividendThe big residential home builder reports earnings and revenue ahead of analysts' expectations and raises its quarterly dividend to 30 cents a share.
Source: MarketWatch - 🏆 3. / 97 Read more »