Take-Two Pushes Back One of Its Games, Hurting Annual Forecast
- Analyst speculates that the delayed title is Borderlands 3
- CEO says the company wanted ‘additional development time’
Photographer: Patrick T. Fallon/Bloomberg
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Take-Two Interactive Software Inc., the video-game maker behind Grand Theft Auto and Battleborn, is delaying one of its key games until fiscal 2020, hurting its annual outlook for the current year.
Revenue will be $2.67 billion to $2.77 billion in fiscal 2019, excluding some items, the company said on Wednesday. Analysts had projected $2.87 billion. Earnings also fell short of Wall Street predictions in the period.