(AOF) – Take Two Interactive Software should decline significantly after lowering its annual targets. In the third quarter, ended at the end of December, the owner of the Grand Theft Auto franchise suffered a net loss of $91.6 million, representing 54 cents per share, compared to a loss of $153.4 million and 91 cents, a year earlier. . Adjusted earnings per share came in at 71 cents, compared to market expectations of 72 cents.
In adjusted data (net bookings), revenues fell 3% to $1.34 billion, in line with consensus.
For the current financial year, the American video game publisher is now targeting adjusted sales of between $5.26 and $5.3 billion compared to $5.45 and $5.55 billion previously. The market is targeting $5.48 billion. Adjusted earnings per share are expected between $2.14 and $2.29.
CEO Strauss Zelnick blamed some slowdown in mobile advertising and sales for NBA 2K24.
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