Take-Two lifts annual bookings forecast on 'Mafia', 'Borderlands' launches
1. Take-Two raised annual bookings forecast due to high demand for new titles. 2. Shares increased 5% in extended trading after the announcement.
FAQ
Why Bullish?
The increased bookings forecast suggests strong revenue growth potential, reminiscent of past successes like 'GTA V'. This traditionally leads to positive investor sentiment and stock price increases.
How important is it?
The significant change in forecast directly signals potential revenue growth, making it highly impactful for TTWO.
Why Short Term?
Immediate market reactions are likely seen in upcoming earnings reports. Short-term demand for new titles can quickly affect financial performance.