Welcome to our dedicated page for Take-Two Interactive Software news (Ticker: TTWO), a resource for investors and traders seeking the latest updates and insights on Take-Two Interactive Software stock.
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 Software (NASDAQ: TTWO) announces that Grand Theft Auto V and GTA Online are now available digitally on PlayStation 5 and Xbox Series S|X. The games are priced at
WWE 2K22, developed by Visual Concepts, is the latest release in the WWE video game franchise, featuring enhanced graphics, redesigned game mechanics, and various game modes. Celebrating Rey Mysterio's 20th anniversary, it is now available on multiple platforms, including PS4, PS5, Xbox One, Xbox Series X|S, and PC. The game showcases new modes like MyGM, MyFACTION, and a comprehensive Creation Suite. While the game is priced between
Zynga Inc. (NASDAQ: ZNGA) has completed the 'go-shop' period under its merger agreement with Take-Two Interactive Software (NASDAQ: TTWO). The agreement now enters a 'no-shop' phase, limiting Zynga's ability to seek alternative acquisition proposals. The antitrust waiting period has also expired, and Zynga's Board believes the merger is beneficial for its shareholders. The company expects the acquisition to finalize in the first quarter of Take-Two's Fiscal Year 2023, pending stockholder and regulatory approvals.
WWE and Take-Two Interactive have announced a partnership with SNICKERS as Presenting Partners for WrestleMania 38, scheduled for April 2-3, 2022, at AT&T Stadium, Dallas. This marks the first dual Presenting Partner arrangement in WrestleMania history. The partnership will feature extensive marketing campaigns across multiple platforms, including WWE's flagship programs and digital content. Key figures from both companies emphasize the excitement this collaboration will bring to WWE fans.
OlliOlli World has launched digitally on various platforms, including Nintendo Switch, PlayStation 5, Xbox Series X|S, and PC. Developed by award-winning studio Roll7, this installment of the OlliOlli franchise promises vibrant graphics and smooth gameplay. The game features a unique quest for mystical skate gods, extensive customization, and multiplayer modes. Priced at $29.99, the deluxe Rad Edition costs $44.99 and includes expansions. The game has received high praise from critics, affirming its fun and engaging nature, marking an exciting chapter for Roll7 under Private Division.
Take-Two Interactive Software (TTWO) reported strong Q3 fiscal 2022 results, with GAAP net revenue up 5% to $903.3 million. GAAP net income was $144.5 million ($1.24 per diluted share). The company raised its Net Bookings outlook for FY2022 to between $3.37 billion and $3.42 billion. Digital revenue increased 7% to $795.7 million, constituting 88% of total revenue. Recurrent consumer spending was flat at 61% of total revenue. Cash and short-term investments stood at $2.5 billion.
Take-Two Interactive has announced the upcoming release of WWE 2K22, scheduled for March 11, 2022. This latest installment, featuring Rey Mysterio on the cover, incorporates a redesigned game engine, enhanced graphics, and new gameplay modes, catering to player feedback. The game offers four editions, with prices ranging from
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) will report its financial results for Q3 FY2022, ending December 31, 2021, on February 7, 2022, after market close. A conference call to discuss the results will occur at 4:30 PM ET, accessible via a dial-in process. The earnings announcement will provide insights into the company's performance and business growth, with results available via a live webcast. Take-Two is a leading developer and publisher of interactive entertainment, known for franchises under Rockstar Games and 2K.
Take-Two Interactive has agreed to acquire Zynga for $9.86 per share, comprising $3.50 in cash and $6.36 in Take-Two stock, indicating a 64% premium over Zynga’s price on January 7, 2022. This acquisition enhances Take-Two’s position in the mobile gaming sector, creating one of the largest global interactive entertainment companies with a $12.7 billion enterprise value. The deal is expected to result in approximately $100 million in annual cost synergies and over $500 million in potential net bookings opportunities. Completion is anticipated in Q1 of Take-Two’s FY 2023.
OlliOlli World, developed by Roll7 and published by Private Division, is now available for pre-order, launching on February 8, 2022. The game will be released digitally across platforms including PlayStation®5, Xbox Series X|S, PC, and Nintendo Switch™. Pre-ordering grants players exclusive cosmetic items like the Bunnylord Head and Hero T-Shirt. The Rad Edition features the base game and two upcoming story expansions. The gameplay emphasizes flow-state mechanics within a vibrant world called Radlandia, with extensive customization options and multiplayer modes to enhance user engagement.
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