Take-Two Interactive forecasts third-quarter net bookings below estimates

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NBA 2K22 and Grand Theft Auto 5 by Take-Two Interactive Software Inc are seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022..

Nov 8 (Reuters) - Take-Two Interactive Software (TTWO.O) on Wednesday forecast third-quarter net bookings below market expectations, hurt by a slowdown in spending on the company's gaming titles such as "Grand Theft Auto" and "Red Dead Redemption"...

The company expects net bookings in the range of $1.30 billion to $1.35 billion, compared with estimates of $1.44 billion, according to LSEG data...

The trailer for "Grand Theft Auto VI", which will be released in early December, comes more than a decade after the launch of the last title in the franchise and will coincide with the 25th anniversary of Rockstar Games, the Take-Two division behind the game...

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