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However, non-GAAP EPS of $0.51 missed the consensus estimate of $0.69.
According to CEO Strauss Zelnick, the net bookings beat was driven by Grand Theft Auto V and Grand Theft Auto Online, Red Dead Redemption 2, and Zynga’s mobile portfolio.
The company provided its full 2024 year outlook, expecting net bookings in the range of $5.45-$5.55B, missing the consensus estimate of $6.08B.
