Take-Two dips after a “GTA 6”-less fiscal year outlook

Who needs “Grand Theft Auto” when you have “Merge Dragons”?

Video game juggernaut Take-Two reported earnings on Thursday, posting fourth-quarter net revenue of $1.58 billion, narrowly beating expectations.

With “GTA 6” delayed out of the current fiscal year, Take-Two said it expects revenue for FY26 to land between $5.95 billion and $6.05 billion, below expectations by nearly $2 billion. But with the expected biggest game of the decade still on the way eventually, investors don’t appear too bothered. Shares dipped about 2% in after-hours trading.

Mobile continued to dominate Take-Two’s income statement. The segment posted $748 million sales on the quarter, 48% of total revenue. Console game sales accounted for 37%, while PC reached 15%. The smallest screen has led Take-Two’s revenue since the company closed its $12.7 billion acquisition of “Farmville” maker Zynga in 2022.

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Max Knoblauch3h

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

Max Knoblauch5h

GM adds Apple Music to select new vehicles, racing to fill the gap left by CarPlay’s absence

Earlier this year, General Motors said it plans to end support for in-vehicle phone projection systems like Apple CarPlay and Android Auto on all of its vehicles (a big expansion of the move it announced for its EVs back in 2023).

Now, the automaker appears to be stocking its replacement system with native apps to fill the void. On Monday, GM announced it was rolling out Apple Music to select 2025 Chevrolet and Cadillac models.

Losing CarPlay is a sore subject for many drivers: 39% of respondents to an American Trucks survey this month said a lack of the system (or Android Auto) is a “deal-breaker” when it comes to buying a new vehicle.

Many automakers appear willing to risk alienating those potential customers in exchange for access to lucrative data. Others, including Tesla, are working to allow CarPlay to boost sagging sales, according to reporting by Bloomberg.

GM Strikes Deal to Put Apple Music in All of Its New Vehicles

Claire Yubin Oh

CART VS. GOLIATH

12/12/25

The economics of Instacart’s grocery delivery are pretty tight — AI might help, or hurt

AI proved to be a double-edged sword this week for Instacart, as the gains from a new ChatGPT integration were wiped out by an AI pricing allegation.

Instacart gift card display in Costco store, Queens, New York

Tom Jones

flight club

12/11/25

A new pass to access American Airlines’ loyalty program will set you back $5,000

AA is doubling down on perks and partnerships, as the nonflying parts of the operation have become a billion-dollar business.

Silhouettes of passengers waiting at an airport

Max Knoblauch

12/11/25

Air taxi companies have mastered a crucial piece of technology: The press release

In a “tongue-in-cheek infographic,” SMG Consulting calculated the flight hours to press release ratio of US air taxi companies.

Psychedelic flying car in rainbow sky 2D linear illustration concept

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