Take-Two Lifts Full-Year Forecast on Strong Q3 Bookings, But Shares Slip Amid GTA VI Spending Concerns
Take-Two Interactive posted robust third-quarter results, with bookings surging 28% to $1.76 billion, prompting an upward revision to its fiscal 2026 outlook. However, investor focus shifted to rising operational costs linked to the upcoming 'Grand Theft Auto VI,' sending shares lower despite the earnings beat.