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Take-Two touts bookings growth ahead after mixed fiscal Q1 results

Investing.com -- Take-Two on Thursday reiterated its annual booking guidance and touted growth in the years ahead even as the video game maker forecast deeper annual loss and delivering mixed fiscal first-quarter results.

The company reported a loss of $1.52 a share on revenue of $1.34 billion, missing estimates for a loss of $1.37 a share and $1.26B, respectively.

Net bookings - the net amount of products and services sold digitally or sold-in physically - grew 1% to $1.22B. 

For fiscal Q2, the company expects a net loss of $2.15 to $2.30 a share and net bookings of $1.42M to $1.47M. 

Looking ahead to fiscal 2025, the company forecast a net loss in a range of $4.33 to $3.95 compared with a prior forecast for a loss of $3.90 to $3.50.

But bookings guidance for the year were maintained in a range of $5.55B to $5.65B and the company touted growth ahead.

"We expect to achieve sequential increases in net bookings in fiscal 2026 and 2027, which we believe will drive long-term shareholder value," it added.

Take-Two Interactive Software Inc (NASDAQ:TTWO) was up more than 3% in afterhours following the results.

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