Take-Two Interactive Software Inc - TTWO STOCK NEWS

PGA TOUR® 2K23, the latest golf simulation game from 2K and HB Studios, is set for release on October 11, 2022. The game features Tiger Woods on the cover and includes over 14 pros, 20 licensed courses, and customizable player options. Players can engage in multiplayer modes and a new Topgolf experience. Various editions will be available, with pre-order bonuses such as the Michael Jordan Bonus Pack. The game will be available on multiple platforms including Xbox and PlayStation.

Private Division and Roll7 have launched Rollerdrome, a new third-person shooter-skater available on PlayStation 5, PlayStation 4, and Steam for $29.99. Initially, it's available at a discounted price of $19.79 for PlayStation Plus members. Set in a dystopian 2030, players control Kara Hassan as she competes in a brutal sport amidst a dark political backdrop. The game features a unique retro-futuristic art style and a soundtrack blending 70's sounds with modern beats. The release was highlighted by industry executives praising its innovative gameplay and artistic vision.

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 September 9. Prices range from $59.99 for the Standard Edition to $149.99 for the Championship Edition. 2K aims to enhance women's basketball representation through a partnership with Every Kid Sports, donating $100,000.

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 $9.99, it can be purchased individually or as part of the Rad Edition for $44.99, which includes additional content. The expansion aims to engage players with quirky alien themes and innovative gameplay mechanics.