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Take-Two will share its earnings soon, but analysts expect a loss and lower sales before GTA VI launches.

ResultsRead the original at Benzinga
Neutral

Take-Two expects quarterly game sales and in-game spending of $1.62–$1.67 billion, down from $1.96 billion a year earlier. Its yearly forecast rises 20% but trails analysts' $8.6 billion estimate, while strong unofficial GTA VI preorder estimates point the other way.

TTWO · Take-Two Interactive Software

AI read · Neutral

The AI's read

The outside preorder estimate points to customer interest, but it is not Take-Two's own count. The CEO also warned that some buyers may simply buy earlier than planned. GTA VI sales will appear in the following quarter, not this report. The earlier quarter included new Borderlands and Mafia games, making the comparison harder. Take-Two expects yearly bookings to grow, but its forecast is below what analysts expected. The facts point in different directions, so this preview does not settle how the company will do.

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