Take-Two Interactive Software - TTWO STOCK NEWS

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 $59.99 to $119.99. Pre-orders are now available, including exclusive bonuses like the Undertaker Immortal Pack. The announcement emphasizes Take-Two's commitment to delivering a rich gaming experience, aiming to enhance player engagement.

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.

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.