Take-Two Interactive Software, Inc. Misses on Earnings Expectations; Lays Out Cost-Cutting Plan

The company reported earnings that missed expectations and lowered its forecast for the year, amid slower-than-expected sales of its NBA 2K24 game. The company also said it was launching a cost-reduction program to maximize margins and increase operating leverage.

The program is incremental to the cost-reduction efforts the company initiated last year and includes additional spending reductions. Take-Two predicted it would see annual net bookings growth, increased scale, and improved profitability from its cost-cutting measures.

The video game maker also detailed a bevy of upcoming releases, including NBA 2K24, Borderlands 3 for Nintendo Switch, and a new WWE game, WWE 2K24. The company also said it was planning to release a new tennis game, Top Spin 2K25, marking its return to the sport after more than a decade.

In addition, Take-Two's mobile-focused subsidiary, Zynga, plans to release several new titles, including Star Wars Hunters and Game of Thrones: Legends.

The company said its net bookings reached $1.3 billion, compared to $1.5 billion last year. This was primarily driven by stronger-than-expected results from Grand Theft Auto V and Red Dead Redemption.

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Prospective observational study of peripheral intravenous cannula utilisation and frequency of intravenous fluid delivery in the emergency department: convenience or necessity?

Introduction Over one billion peripheral intravenous cannulas (PIVCs) are inserted worldwide each year. Insertion of PIVCs is associated with pain, phlebitis, occlusion, and medication extravasation as well as the risk of catheter-associated infection, with an associated cost to departmental resources. Previous studies have not assessed if intravenous (IV) fluid delivery