Take-Two Interactive raises annual bookings forecast, credits strong demand for “Mafia” and “Borderlands” titles. Shares rise 5% in extended trading. “Grand Theft Auto VI” set to launch May 26, expected to generate billions in revenue. Company banking on core sports titles for growth amid industry struggles with economic conditions.

Executives express concerns over U.S. tariff policy impacting consumer spending habits. Tariffs lead to an increase in console and hardware prices due to higher raw material costs. Take-Two projects bookings of $6.05 billion to $6.15 billion for fiscal year 2026, up from previous forecast.

Delay of “Grand Theft Auto VI” to next fiscal year puts pressure on annual sports launches and AAA games. Competition in the industry intensifies with upcoming premium titles from Sony and Electronic Arts. September to December expected to be a lucrative period for gaming industry with seasonal sales and new product launches.

Take-Two reports first-quarter bookings of $1.42 billion, surpassing estimates. Strong performance of mobile portfolio contributes to success. Industry faces challenges with economic conditions and competitive launches.

Read more at Yahoo Finance: Take-Two lifts annual bookings forecast on ‘Mafia’, ‘Borderlands’ launches