Take-Two Slides On Weak Guidance! Any Hope Left? TTWO Stock

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2 years ago
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Take-Two (TTWO) shares are down slightly following the company's downbeat Q4 guidance. The pandemic's positive effects on gaming are beginning to cool off: this is now the second consecutive quarter in which the video game publisher, which owns franchises such as Grand Theft Auto, NBA 2K, and Red Dead Redemption, guided quarterly net bookings significantly below estimates. As Take-Two’s CEO stated during the company's Q3 earnings call that Take-Two is now seeing "normalized demand," investors may need to start quelling their expectations moving forward.

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