The Third Quarter for Take-Two Interactive Fiscal Year of 2023 went lower than expected, but the company that houses 2K Games and Rockstar Games appeals that it is a resonance of the market and not the hacking incident of late 2022.

Take-Two Interactive announced their Q3 2023 (via Seeking Alpha) having made $1.048 billion dollars with net income of $889 million, both metrics lower than the forecast with a net loss of $153.4 million, or 91 cents a share on net bookings of $1.38 billion.

CEO Strauss Zelnick acknowledged and took the blame for falling short on the number side.

Unfortunately, this means that the company's planning for cost reductions that may include "modest" layoffs in the workforce.

A big update since the hacking incident where Grand Theft Auto 6 suffered a massive leak and 2K mailing server went temporarily compromised, Zelnick isn't concerned that the leaks might impact the business and told IGN that "emotional matter" and focused on the impact to developers working on the game while did not minimized the importance on being hacker secured.