Take-Two Interactive Software’s Q1 Earnings Preview 
<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TTWO'>Take-Two Interactive Software, Inc. (NASDAQ:TTWO)</a> ahead of the company’s upcoming Q1 results, expected to be announced on Aug 8.</p>
<p>The analysts take an incrementally more cautious view on 2023 net bookings by lowering their estimate to the low-end of management guidance of $3.75 billion, from $3.82 billion. While NBA 2K has remained strong during Q1, the analysts believe GTA and RDR may face more revenue headwinds as the company concentrates more resources on the development of GTA 6.</p>
<p>The company closed the acquisition of Zynga as of May 23rd. The analysts lowered their net bookings estimate for 2023 by 8% from $2.9 billion to $2.7 billion to account for the weak mobile gaming market and delays with Star Wars Hunter. </p>
<p>Oppenheimer’s updated 2023 bookings for the combined company include $2.35 billion from Zynga, reflecting a partial contribution in Q1. Their 2023 outlook for Zynga implies mid-single digit year-over-year growth, compared to the double-digit forecasted by Zynga management.</p>

NASDAQ:TTWO