💨 Abstract

Take-Two Interactive Software forecasts lower than expected fourth-quarter bookings, reflecting reduced spending on gaming titles amid high inflation and an uncertain economy. However, shares rose 5% after reaffirming the fall 2025 release of "Grand Theft Auto VI". Analysts anticipate the videogame industry's recovery this year due to the launch of Nintendo's new Switch console and "GTA VI".

Courtesy: theprint.in

Summarized by Einstein Beta 🤖