It affected the performance of certain of our new releases and recurrent consumer spending for some of our console and PC games. We believe that as a result of macroeconomic conditions, consumers shifted holiday spending toward established blockbuster franchises and titles that were offered with pricing promotions. Notwithstanding our creative achievements, our third-quarter net bookings of $1.38 billion were slightly below our prior guidance. The strength of our portfolio reflects the passion, vision, artistic acumen, and hard work of our world-renowned development teams and studios and we are immensely proud of our long-standing commitment to quality. All of our new game releases and post-launch content have received significant critical acclaim and we're pleased to have the highest catalog sales based on units sold in the Americas. During the third quarter, we continued to execute on our ambition to create the highest-quality, most engaging interactive entertainment franchises in the industry to deliver them across an array of platforms and to captivate our global audiences. Good afternoon, and thank you for joining us today. Strauss Zelnick - Chairman and Chief Executive Officer And now, I'll turn the call over to Strauss.
Our press release and filings with the SEC may be obtained from our website at. In addition, we have posted to our website a slide deck that visually presents our results and financial outlook. Our press release also contains a reconciliation of any non-GAAP financial measure to the most comparable GAAP measure. Additional details regarding our actual results and outlook are contained in our press release, including the items that our management uses internally to adjust our GAAP financial results in order to evaluate our operating performance. I'd also like to note that unless otherwise stated, all numbers we will be discussing today are GAAP and all comparisons are year over year. These important factors are described in our filings with the SEC, including the company's most recent annual report on Form 10-K and quarterly report on Form 10-Q, including the risks summarized in the section entitled Risk Factors. *Stock Advisor returns as of January 9, 2023 and Take-Two Interactive Software wasn't one of them! That's right - they think these 10 stocks are even better buys. They just revealed what they believe are the ten best stocks for investors to buy right now.
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