Take-Two Interactive Software Inc - TTWO STOCK NEWS

Take-Two Interactive Software (NASDAQ: TTWO) has announced it will report its third quarter fiscal year 2025 financial results on Thursday, February 6, 2025, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results for the quarter ended December 31, 2024.

Investors and interested parties can access the conference call by dialing 800-715-9871 or (646) 307-1963 with conference ID 1162777. A live webcast and replay will be available on the company's investor relations website. Take-Two is a leading developer, publisher, and marketer of interactive entertainment, operating through its Rockstar Games, 2K, and Zynga divisions.

LoopMe, an AI-driven brand advertising technology company, has acquired Chartboost from Zynga, a Take-Two Interactive Software subsidiary. The acquisition follows LoopMe's impressive 40% CAGR on Gross Revenue during FY2018-2023. Chartboost, a mobile programmatic advertising and monetization platform, connects app developers with marketers through immersive ad experiences.

This strategic move expands LoopMe's mobile app ecosystem presence, grows its SDK network, and strengthens its AI technology platform. The integration aims to enhance ad performance and app monetization capabilities, including across Zynga's mobile gaming portfolio. While financial terms weren't disclosed, the merger promises to provide LoopMe's brand clients with improved results and Chartboost's publishers with access to new brand advertisers and innovative ad formats.

Words With Friends, the popular mobile word game owned by Take-Two Interactive (NASDAQ: TTWO), has launched four new single-player game modes. The update transforms the traditionally competitive game into a comprehensive word puzzle destination. The new modes include Mini Crosswords, Word Wheel, Word Search, and Guess Word, each offering daily puzzles that players can solve at their own pace. This expansion allows players to enjoy word games both solo and competitively, addressing user requests for more gameplay options.

Take-Two Interactive Software reported fiscal Q2 2025 results, ending September 30, 2024, with Net Bookings of $1.47 billion, driven by Grand Theft Auto and Borderlands franchises. GAAP net revenue increased 4% to $1.35 billion, while recurrent consumer spending grew 8%, accounting for 80% of total GAAP net revenue. Despite these gains, the company posted a GAAP net loss of $365.5 million, or $2.08 per share, down from $543.6 million, or $3.20 per share, the previous year.

Take-Two reiterated its fiscal year 2025 Net Bookings guidance of $5.55 to $5.65 billion and expressed confidence in achieving record levels in fiscal years 2026 and 2027. Upcoming titles include Grand Theft Auto VI, Borderlands 4, and Mafia: The Old Country. For FY 2025, the company projects total net revenue between $5.57 to $5.67 billion and a net loss per share of $4.80 to $4.43.

Zynga Poker, a Take-Two Interactive (NASDAQ: TTWO) game, has launched Multi-Table Tournaments globally, allowing players to compete in real-time across multiple tables. The new feature offers weekly 'Trillionaire Maker' tournaments with trillion-chip prize pools, the largest in the game's 17-year history. To promote the launch, Zynga partnered with actor Rob Riggle for a promotional campaign. The update includes daily tournaments, flexible buy-ins, and global competition options, responding to long-standing player requests for this tournament format.

Take-Two Interactive (NASDAQ: TTWO) has announced the PC release of Red Dead Redemption and its expansion Undead Nightmare for the first time. The PC version features enhanced graphics with native 4K resolution at up to 144hz, Ultrawide support, HDR10, and advanced settings for draw distances and shadows. The game includes full keyboard and mouse support, plus NVIDIA DLSS 3.7 and AMD FSR 3.0 upscaling technologies. The release builds upon recent Nintendo Switch and PlayStation 4 versions, developed in collaboration with Double Eleven. Both games are available through the Rockstar Store, Steam, and Epic Games Store.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has announced plans to report its financial results for the second quarter of fiscal year 2025, ended September 30, 2024. The report will be released after market close on Wednesday, November 6, 2024, followed by a conference call at 4:30 p.m. Eastern Time. Investors can access the call by dialing 800-245-3047 or 203-518-9765 (conference ID: TAKETWO). A live webcast and replay will be available at http://take2games.com/ir.

Take-Two is a leading developer, publisher, and marketer of interactive entertainment, operating through brands such as Rockstar Games, 2K, Private Division, and Zynga. The company's products are designed for console gaming systems, PC, and mobile platforms, distributed through physical retail, digital download, online platforms, and cloud streaming services.

Tales of the Shire: A The Lord of The Rings Game is set to launch on March 25, 2025 for PC, Nintendo Switch, PlayStation 5, Xbox Series X|S, and Netflix Games. Developed by Wētā Workshop and published by Private Division, the game offers players a cozy adventure in J.R.R Tolkien's Middle-earth.

Players can create their unique Hobbit avatar and experience the quiet life in the Shire. The game features activities such as cooking, fishing, foraging, gardening, and building relationships with other characters. Players will work towards establishing Bywater as an official village on the Shire's map.

The game showcases Wētā Workshop's deep understanding of the Lord of the Rings lore, allowing fans to explore a less-known corner of the universe in a peaceful setting. Tales of the Shire aims to provide a relaxing and immersive experience for players looking to unwind in the charming world of Hobbits.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has announced its 2024 Annual Meeting of Stockholders, scheduled for September 18, 2024, at 9:00 a.m. Eastern Time. The meeting will be held as a virtual, audio-only event accessible at http://www.virtualshareholdermeeting.com/TTWO2024. Stockholders of record as of July 23, 2024, can attend, vote, and submit questions during the meeting using their 16-digit control number.

Take-Two encourages stockholders to vote and submit proxies before the meeting date. The company, headquartered in New York City, is a leading developer, publisher, and marketer of interactive entertainment, operating through brands like Rockstar Games, 2K, Private Division, and Zynga. Take-Two's products are available on various platforms, including consoles, PC, and mobile devices.