Take-Two forecasts fourth-quarter adjusted sales below estimates

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Take-Two Interactive Software on Monday projected fourth-quarter adjusted sales below market estimates, a sign that the video-gaming boom sparked by the pandemic was fading. The videogame publisher said it expected adjusted revenue between US$808 million and US$858 million, while analysts had estimated US$

Take-Two Interactive Software on Monday projected fourth-quarter adjusted sales below market estimates, a sign that the video-gaming boom sparked by the pandemic was fading.

Video games sales surged during the early months of the pandemic on demand from people who had fewer outdoor entertainment options, but the easing of restrictions has taken the steam out of the boom.

 

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