Take-Two (TTWO) Stock Analysis: Net Bookings Down -28%!!! Buy the Dip?

<p>Take-Two Interactive (#TTWO) is a video game development company that's famous for many titles, including Grand Theft Auto. The video game stock is trading down -4% in post-market as investors digest the company's earnings report.</p> <p>Take-two announced Q1 GAAP EPS of $1.30 (beats by $0.27) and net bBookings of $711.4M (-28.6% Y/Y). Net bookings were actually above guidance and many investors aren't displeased with the numbers.</p> <p>Fiscal 2022 guidance came in soft and that is what appears to have investors worried. Net Bookings are expected to range from $3.2 to $3.3 billion vs. consensus of $3.43 billion as some release titles are pushed back. Will this become a recurring issue, or should investors buy the dip?</p>