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Take-Two Interactive Software Inc. (TTWO), headquartered in New York City, is a leading developer, marketer, and publisher of interactive entertainment for consumers globally. Founded in 1993, the company operates through its three wholly-owned labels: Rockstar Games, 2K, and Zynga.
Take-Two is renowned for its high-quality gaming franchises. Rockstar Games is best known for the Grand Theft Auto series, which has achieved unprecedented sales milestones, including reaching $1 billion in sales faster than any other entertainment release in history. 2K produces popular titles such as NBA 2K, Civilization, Borderlands, Bioshock, and XCOM. Zynga, a leader in the mobile gaming sector, offers widely-played titles like Farmville, Empires & Puzzles, and CSR Racing.
The company's innovative products are available across console systems, handheld gaming systems, and personal computers, including smartphones and tablets. These products are delivered through various channels including physical retail, digital downloads, online platforms, and cloud streaming services.
Take-Two's financial performance has been robust, characterized by record-breaking revenue, earnings, and cash flow. The company has set new standards within the entertainment industry, particularly during fiscal 2014, when digitally-delivered revenue reached its highest levels. Notable achievements include the success of Grand Theft Auto V, NBA 2K14, and Borderlands 2.
Take-Two continues to expand its portfolio and enhance its global footprint through strategic partnerships and acquisitions. The firm’s commitment to delivering immersive and innovative entertainment experiences keeps it at the forefront of the interactive entertainment industry.
Take-Two Interactive (NASDAQ: TTWO) announced a new publishing agreement through its label Private Division with Wētā Workshop, known for their work on the Middle-earth universe. The collaboration aims to develop a new game set in this celebrated realm. Wētā Workshop has broad creative rights from Middle-earth Enterprises to explore the lore of J.R.R. Tolkien's works. Although the game is in early development with no release date, it is expected to launch during Take-Two’s Fiscal Year 2024, promising unique experiences for both fans and new players.
Take-Two Interactive Software (TTWO) reported a strong first quarter for fiscal year 2023, with GAAP net revenue rising 36% to $1.1 billion. However, the company experienced a GAAP net loss of $104 million or $0.76 per share. Net bookings grew by 41% to $1 billion, driven by recurrent consumer spending, which increased by 48%. The outlook for fiscal year 2023 has been updated to reflect the acquisition of Zynga, with projected net bookings between $5.8 billion and $5.9 billion. The combination with Zynga is expected to enhance TTWO's mobile presence and shareholder value.
Take-Two Interactive Software (TTWO) will announce its Q1 fiscal 2023 financial results on August 8, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time, accessible via phone and a live webcast. The company, known for its development and publishing through brands like Rockstar Games and 2K, focuses on interactive entertainment across various platforms, including consoles, PC, and mobile devices.
2K unveiled the cover athletes for NBA 2K23, featuring Devin Booker and the legendary Michael Jordan. This iteration offers four editions including a Championship Edition with a 12-month NBA League Pass subscription and exclusive content. The game will be available for pre-order and launches worldwide on
Take-Two Interactive Software announced the expiration of cash tender offers to repurchase outstanding convertible senior notes from its subsidiary, Zynga. The offers for the 2024 Notes saw only 0.039% tendered, while a significant 96.64% of the 2026 Notes were repurchased. A total of $668.315 million of the 2024 Notes were surrendered for conversion, indicating strong investor participation. The company will spend approximately $1.11 billion to repurchase these notes, leaving $21.419 million and $29.358 million of the 2024 and 2026 Notes outstanding, respectively.
2K and Gearbox Software announced the Steam release of Tiny Tina’s Wonderlands® at 10:00 a.m. PDT on June 23, 2022. This title has been highly anticipated, consistently ranking among the most wishlisted games on Steam. With crossplay functionality across multiple platforms, including PS5, PS4, Xbox One, and the Epic Games Store, players will enjoy shared experiences. The game launches with a special price and a Golden Hero Armor Pack bonus until July 7, 2022. The forthcoming Molten Mirrors DLC promises new challenges and rewards for players.
Private Division and Roll7 have launched OlliOlli World: VOID Riders, a new expansion for the popular skateboarding game, now available on multiple platforms including PlayStation, Xbox, Nintendo Switch, and PC. This expansion introduces new characters, challenges, and customization options, enhancing the gaming experience. Priced at
2K and Supermassive Games have launched The Quarry, a teen-horror narrative game, now available worldwide on various platforms including PS5, PS4, Xbox Series X|S, Xbox One, and PC via Steam. Players control nine teenage counselors at Hackett's Quarry, where every choice has consequences. The game features a star-studded cast and innovative storytelling. A free trial of the prologue is available. The game is offered in Standard Edition for $59.99 and Deluxe Edition for $69.99 to $79.99, with unique features tailored for different experiences.
Marvel's Midnight Suns is now available for pre-order, launching on October 7, 2022. Developed by Firaxis Games, this tactical RPG explores the darker side of the Marvel Universe. Players will lead a unique team, including iconic heroes like Doctor Strange and Iron Man, to combat Lilith and her demonic forces. The game will be available on multiple platforms including PlayStation 5, Xbox Series X|S, and Windows PC. Various editions are offered, ranging from $59.99 to $99.99, with a Season Pass for post-launch content.
Rollerdrome will launch on
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