(Reuters) -Take-Two Interactive on Thursday forecast fiscal 2026 bookings below revised Wall Street expectations, signaling that a strong lineup of releases this year may not cushion a hit from the delay of its highly anticipated "Grand Theft Auto VI".
The company expects bookings of between $5.9 billion and $6 billion, compared with expectations of $6.46 billion, according to an average of analysts' estimates compiled by Visible Alpha that were revised after "GTA VI" was delayed.
Shares of the New York-based company fell nearly 3% in extended trading.
The next installment in the best-selling "Grand Theft Auto" franchise is expected to sell millions of copies and generate billions in the first few weeks. Take-Two's decision to delay the long-awaited game into fiscal 2027 could weigh on its overall bookings for the year.
"As we bring our exciting lineup to market, including Grand Theft Auto VI in fiscal 2027, we expect to achieve record levels of net bookings," said Take-Two CEO Strauss Zelnick.