Take-Two's fiscal first-quarter GAAP net loss widened to $34.1 million from $11.9 million a year earlier, driven largely by a $43.4 million impairment charge. The charge stems from the company's decision to cancel an unannounced title from a third-party developer. Software development costs and royalties in cost of revenue jumped to $135.1 million from $30.1 million in the prior-year period, reflecting both the impairment and broader development spending. The write-off underscores Take-Two's pipeline discipline as it prioritizes resources ahead of major releases

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