Company behind ‘Grand Theft Auto’, Take-Two Interactive forecasts downbeat bookings on sluggish demand

Take-Two Interactive Software 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 weak forecast contrasts with strong performances from companies such as Electronic Arts and Roblox that benefited from higher spending.