Take-Two reports Q2 bookings up 53% YoY to $1.5B, below $1.55B estimates, and revises FY 2023 bookings down to $5.5B; stock drops 17%+ (Jason Schreier/Bloomberg)

Jason Schreier / Bloomberg:
Take-Two reports Q2 bookings up 53% YoY to $1.5B, below $1.55B estimates, and revises FY 2023 bookings down to $5.5B; stock drops 17%+  —  Take-Two Interactive Software Inc. reduced its annual forecast for net bookings in the wake of an industrywide spending slowdown, particularly in mobile gaming.