(Bloomberg) — Take-Two Interactive Software Inc. slipped in late trading after warning that the current boom in video-game play may fade after lockdowns end.“We do not have expectations for the increased engagement that we’ve seen of late through the back half of the year,” Chief Executive Officer Strauss Zelnick said in a phone interview Wednesday.So-called recurrent customer spending — the amount of money players spend after an initial game purchase — grew 47% in the fourth quarter ended March 31, driving blockbuster results. The company was expecting growth of about 10%.But shares of Take-Two fell as much as 5.9% in …read more
Source:: Yahoo Finance
