India, May 16 -- Shares of Take-Two Interactive Software, Inc. (TTWO) were down 3 percent on Wednesday's extended hours trading after the company reported wider loss in its fourth quarter. The company also provided outlook for the next quarter and fiscal 2026, expecting loss.
The company posted net loss of $3.73 billion or $21.08 per share in the fourth quarter, compared to net loss of $2.90 billion or $17.02 per share in the same period last year.
The latest results included impairment charges of $3.55 billion related to goodwill and $176.3 million for acquisition-related intangible assets.
On an adjusted basis, EBITDA for the quarter came in at $161.0 million, compared to negative $19.6 million in the prior-year period.
During the thr...