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The video game publisher reported first-quarter net bookings of $1.39 billion, slightly above its own guidance range
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Take-Two Interactive $TTWO reported fiscal first-quarter net bookings of $1.39 billion on Thursday and reaffirmed that Grand Theft Auto VI will launch November 19, maintaining its full-year bookings outlook of $8 billion to $8.2 billion.
The New York-based video game publisher posted a GAAP net loss of $34.1 million, or $0.18 per share, for the three months ended June 30, compared with a net loss of $11.9 million, or $0.07 per share, in the same period a year earlier. The quarter's cost of revenue included a $43.4 million impairment charge tied to the company's decision to discontinue development of an unannounced title from a third-party developer. Total net revenue rose to $1.53 billion from $1.50 billion a year earlier.
