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Take-Two Interactive Software Inc - TTWO STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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The PGA TOUR® 2K21 Baller Edition has launched globally, featuring extensive bonus content for golf gamers. Available for $79.99, this edition includes the base game, all previously released DLC, and exclusive packs such as the 2K/adidas CODECHAOS MyPLAYER Pack. A Baller Pack for existing players costs $24.99. Monthly multiplayer courses will be created by international content creators, enhancing the gaming experience. The game has sold over 2.5 million units since launch, marking significant success for Take-Two Interactive.

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Take-Two Interactive Software (NASDAQ: TTWO) will report its Q2 fiscal 2022 financial results, ending September 30, 2021, post-market on November 3, 2021. A conference call for discussing these results will take place at 4:30 p.m. ET, accessible via phone or a live webcast.

Take-Two is a prominent developer and publisher of interactive entertainment, operating renowned brands like Rockstar Games and 2K. The company provides products across various platforms, focusing on delivering engaging gaming experiences worldwide.

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FAQ

What is the current stock price of Take-Two Interactive Software (TTWO)?

The current stock price of Take-Two Interactive Software (TTWO) is $181.97 as of December 20, 2024.

What is the market cap of Take-Two Interactive Software (TTWO)?

The market cap of Take-Two Interactive Software (TTWO) is approximately 31.9B.

What is Take-Two Interactive Software Inc.?

Take-Two Interactive Software Inc. (TTWO) is a leading developer, marketer, and publisher of interactive entertainment for global consumers, headquartered in New York City.

What are Take-Two's main product labels?

Take-Two's main product labels are Rockstar Games, 2K, and Zynga.

Which popular video game franchises does Take-Two publish?

Take-Two publishes popular franchises such as Grand Theft Auto, NBA 2K, Civilization, Borderlands, Bioshock, and XCOM.

What platforms are Take-Two's games available on?

Take-Two's games are available on console systems, handheld gaming systems, personal computers, smartphones, and tablets.

How are Take-Two's products delivered to consumers?

Take-Two's products are delivered through physical retail, digital downloads, online platforms, and cloud streaming services.

What notable achievements has Take-Two accomplished?

Notable achievements include Grand Theft Auto V reaching $1 billion in sales faster than any other entertainment release in history, and NBA 2K14 enjoying the franchise’s strongest launch.

How has Take-Two performed financially in recent years?

Take-Two has achieved record-breaking revenue, earnings, and cash flow, particularly during fiscal 2014, driven by strong sales and high digitally-delivered revenue.

What mobile games does Zynga, a label of Take-Two, offer?

Zynga offers popular mobile games such as Farmville, Empires & Puzzles, and CSR Racing.

When was Take-Two Interactive founded?

Take-Two Interactive was founded in 1993.

What is the significance of Take-Two in the entertainment industry?

Take-Two is one of the world's largest independent video game publishers, known for delivering immersive and innovative entertainment experiences that set industry standards.

Take-Two Interactive Software Inc

Nasdaq:TTWO

TTWO Rankings

TTWO Stock Data

31.89B
173.09M
1.44%
99.57%
4.03%
Electronic Gaming & Multimedia
Services-prepackaged Software
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United States of America
NEW YORK