Take-Two Interactive Software Inc - TTWO STOCK NEWS

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.

Rockstar Games, a label of Take-Two Interactive (NASDAQ: TTWO), has launched GTA Online: The Contract, now free for players of Grand Theft Auto V on PlayStation 4, Xbox One, and PC. This update features an interactive story where players assist protagonist Franklin Clinton in recovering lost music from Dr. Dre. The release includes exclusive tracks and a new radio station, enhancing the gaming experience. This update marks a continuation of GTA Online's success, which has seen record player numbers since its initial release.

A new era for WWE SuperCard has begun with the launch of Season 8. This update introduces a new Survivor game mode, three new card tiers (Mire, Maelstrom, Valhalla), and numerous gameplay upgrades. Players can engage in winner-takes-all tournaments using randomly dealt cards. New WWE Superstars join the roster, while features like Champion’s Boost and Pack Battle rewards enhance gameplay. WWE SuperCard is now available for iOS and Android devices.

Private Division, a publishing label of Take-Two Interactive (NASDAQ: TTWO), has acquired the London-based video game developer Roll7, known for the OlliOlli series. Roll7 is currently developing OlliOlli World, set to launch in Take-Two’s fiscal fourth quarter ending March 31, 2022. The acquisition aims to enhance Private Division's development capabilities and support Roll7's upcoming projects. The terms of the deal were not disclosed. This marks an important step in expanding Private Division's portfolio of creative talent in the gaming industry.

Rockstar Games, a label of Take-Two Interactive Software (NASDAQ: TTWO), has launched Grand Theft Auto: The Trilogy – The Definitive Edition for digital platforms including PlayStation 5, Xbox Series X|S, Nintendo Switch, and PC. This release celebrates the 20th anniversary of Grand Theft Auto III and features enhanced graphics and controls across the trilogy's iconic titles: Grand Theft Auto III, Vice City, and San Andreas. Physical copies will be available starting December 7, 2021.

Tiny Tina’s Assault on Dragon Keep™: A Wonderlands One-Shot Adventure has been released as a standalone title, now available for $9.99 on multiple platforms, including Xbox, PlayStation, and PC. Players can also claim it for free on the Epic Games Store until November 16. Originally released in 2013, this title is praised for its gameplay and storytelling. The standalone version includes new loot and cosmetics. Additionally, Tiny Tina’s Wonderlands is set to launch on March 25, 2022, and is available for pre-order.

2K has acquired elite3d, a premier creative studio in Valencia, Spain, expanding its global footprint and enhancing its Global Services division. The acquisition will establish a new office for 31st Union and a 2K Publishing location. Both studios aim to support ongoing AAA projects and leverage elite3d's expertise in 2D and 3D artwork. Additionally, 2K has acquired TURIA GAMES, co-founded by elite3d's founders, enhancing collaborative efforts in game development.

Take-Two Interactive Software (NASDAQ: TTWO) announced that its Chairman and CEO, Strauss Zelnick, will present at the Jefferies Virtual Global Interactive Entertainment Conference on November 11, 2021, at 10:30 a.m. Eastern Time. A link to the live webcast will be available on the company's website. Take-Two, based in New York City, is a prominent developer and publisher of interactive entertainment products, including popular titles from Rockstar Games and 2K. For more details, visit ir.take2games.com.

Take-Two Interactive (NASDAQ:TTWO) reported a 2% increase in GAAP net revenue to $858.2 million for Q2 FY2022. Net income dropped to $10.3 million, or $0.09 per diluted share, compared to $99.3 million last year. Net Bookings rose 3% to $984.9 million, driven mainly by NBA® 2K22 and Grand Theft Auto® franchises. The company raised its Net Bookings outlook for FY2022 to between $3.3 and $3.4 billion. Cash and short-term investments stood at $2.3 billion. Despite an impairment charge of $53 million due to halting an unannounced title, management remains optimistic about future growth.