{"id":507643,"date":"2022-11-08T00:26:17","date_gmt":"2022-11-07T21:26:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/take-two-interactive-sees-wider-than-expected-loss-lowers-guidance\/"},"modified":"2022-11-08T00:26:17","modified_gmt":"2022-11-07T21:26:17","slug":"take-two-interactive-sees-wider-than-expected-loss-lowers-guidance","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/take-two-interactive-sees-wider-than-expected-loss-lowers-guidance\/","title":{"rendered":"#Take-Two Interactive Sees Wider Than Expected Loss, Lowers Guidance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28a81f1fbfe\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28a81f1fbfe\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/take-two-interactive-sees-wider-than-expected-loss-lowers-guidance\/#Take-Two_Interactive_Sees_Wider_Than_Expected_Loss_Lowers_Guidance\" >Take-Two Interactive Sees Wider Than Expected Loss, Lowers Guidance<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Take-Two_Interactive_Sees_Wider_Than_Expected_Loss_Lowers_Guidance\"><\/span>Take-Two Interactive Sees Wider Than Expected Loss, Lowers Guidance<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Take-Two Interactive reported a wider than expected net loss for its second quarter Monday, with a net loss of $257 million compared to company guidance of $144 million to $160 million.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The video <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> company reported second-quarter net revenue of $1.4 billion, in line with the company\u2019s guidance, but below the Wall Street consensus. Shares of the Take-Two Interactive fell 10 percent after hours Monday.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    This is the first full-quarter reflecting Take-Two Interactive\u2019s acquisition of Zynga, which closed on May 23, 2022.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The largest contributors to net revenue in the quarter were <em>NBA(R) 2K22 <\/em>and <em>NBA 2K23<\/em>; <em>Grand Theft Auto(R) Online <\/em>and<em> Grand Theft Auto V; Empires &amp; Puzzles(TM)<\/em>; Rollic\u2019s hyper-casual portfolio; <em>Toon Blast(TM)<\/em>; <em>Red Dead Redemption(R) 2 <\/em>and <em>Red Dead Online<\/em>;<em> Words With Friends(TM); Merge Dragons!(TM)<\/em>;<em> <\/em>and <em>Toy Blast(TM).<\/em><\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe posted another consecutive quarter of solid results, with Net Bookings of $1.5 billion, underscoring our ability to launch exciting new games and content updates across our portfolio,\u201d said Strauss Zelnick, Chairman and CEO of Take-Two. \u201cWe continue to make excellent progress with our integration of Zynga, and we remain highly optimistic about the vast, long-term growth potential for the mobile industry, which is expected to reach over $160 billion in gross bookings within the next four years.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Last quarter, Zelnick warned of softness in the mobile gaming space due to macroeconomic trends. On Monday, Take-Two further reduced its forecast for the year due to \u201ca more cautious view\u201d of those trends.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe now expect to deliver Net Bookings of $5.4 to $5.5 billion in Fiscal 2023. Our reduced forecast reflects shifts in our pipeline, fluctuations in FX rates, and a more cautious view of the current macroeconomic backdrop, particularly in mobile,\u201d management said in the press release.\u00a0<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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