Nvidia Shares Dive as Jensen Huang Confirms OpenAI Investment Plans

Take-Two Interactive recently reported strong fiscal third-quarter results, prompting a 4% rise in its shares during after-hours trading. The company’s net bookings reached $1.76 billion, marking a 28% increase compared to the same period last year. This figure surpassed Wall Street analysts’ expectations of $1.58 billion.

Strong Financial Outlook

In its financial guidance for Q3, Take-Two had previously estimated net bookings between $1.55 billion and $1.6 billion. The company has now revised its full-year bookings outlook upward, targeting between $6.65 billion and $6.7 billion. This new prediction is higher than Wall Street’s estimate of $6.47 billion.

Adjusted Loss Projections

The gaming firm has also adjusted its full-year net loss guidance, now expecting a loss between $369 million and $338 million. This marks a reduction from earlier estimates that predicted losses of between $414 million and $349 million.

Release of “Grand Theft Auto 6” Confirmed

Take-Two has reaffirmed the release date of its highly anticipated game, “Grand Theft Auto 6.” Initially slated for May 2026, the game is now scheduled to launch on November 19, 2026. The last trailer was released in May 2025, building anticipation among fans.

Market Reaction to Project Genie

The release of Google’s Project Genie has impacted shares of Take-Two and other gaming companies. Investors have reacted negatively to the tool, which allows users to create interactive worlds using text or image prompts. Since the project’s unveiling, Take-Two’s market capitalization has declined by nearly $6 billion.

Expert Analysis

Analysts have criticized the market reaction as excessive, noting that Project Genie currently resembles a “one-minute-long walking simulator generator.” According to mBank analyst Piotr Poniatowski, the tool does not provide significant interactivity or replay value at this stage.