06:44 AM EDT, 05/16/2025 (MT Newswires) -- Take-Two Interactive Software ( TTWO ) shares fell early Friday as the video game publisher issued a full-year bookings outlook below market estimates, while its fiscal fourth-quarter loss unexpectedly widened.

Net bookings, which are products and services sold digitally and physically, are projected to come in between $5.9 billion and $6 billion for fiscal 2026, the company said late Thursday. The current consensus on FactSet is for $7.46 billion. In the previous fiscal year, the metric increased 6% to $5.65 billion.

Take-Two anticipates the largest contributors to bookings to be NBA 2K, the Grand Theft Auto series, Toon Blast, and Borderlands 4, among other titles, Chief Financial Officer Lainie Goldstein said during a conference call, according to a FactSet transcript. "We expect recurrent consumer spending to be flat compared to fiscal 2025, and to represent 76% of net bookings," Goldstein said.

Earlier this month, the company said that Grand Theft Auto VI, which was expected to be launched in the fall of 2025, is now planned for release in May 2026.

The stock was down 3.3% in the most recent premarket activity.

Regarding tariffs, Chief Executive Strauss Zelnick told analysts that the company is "reasonably confident" that they won't impact its guidance meaningfully unless they go in a "very different direction than we currently expect."

"It's very difficult to predict where tariffs will land given how things have bumped around so far," Zelnick added.

The US and China recently reached an agreement on a 90-day suspension of reciprocal duties following their talks in Switzerland. The two sides had been in a trade war since President Donald Trump's announcement of sweeping new tariffs early last month.

Take-Two expects to record a per-share loss of $2.45 to $2.79 in fiscal 2026, while the Street is looking for a loss of $0.38. Revenue is pegged at $5.95 billion to $6.05 billion. In fiscal 2025, the company posted a loss of $25.58 a share and revenue of $5.63 billion.

For the March quarter, the company's loss increased to $21.08 per share from $17.02 the year before, worse than the average analyst estimate on FactSet for a loss of $0.05. Revenue and bookings rose 13% and 17%, respectively, to $1.58 billion each. The Street's view for bookings was $1.55 billion.

"We delivered an outstanding finish to fiscal 2025, with broad-based strength across our company," Goldstein said on the call. "We are setting our business up for a strong multi-year period of growth and enhanced profitability."

Take-Two forecasts bookings to come in between $1.25 billion and $1.3 billion for the ongoing three-month period, compared with the market's current estimate of $1.28 billion. It expects to record a loss of $0.65 to $0.78 per share in the quarter, while six analysts on FactSet are estimating a $0.64 loss.