Take-Two Interactive Software Inc - TTWO STOCK NEWS

2K announces the worldwide launch of NBA 2K22, the latest edition of its acclaimed basketball simulation series, available on both current and next-gen platforms. This iteration features enhanced gameplay, improved visual presentation, and a plethora of game modes including MyCAREER and MyTEAM. Players can experience a new City for PS5 and Xbox Series X|S, while the Neighborhood for other platforms introduces unique activities aboard a cruise ship. The game is priced at $59.99 for standard editions and $79.99 for cross-gen bundles.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has reiterated its fiscal year 2022 outlook, originally announced on May 18, 2021, and reaffirmed on August 2, 2021. The release of enhanced versions of Grand Theft Auto V and Grand Theft Auto Online for new consoles is now scheduled for March 2022, delayed from the initial November 2021 date to allow for further product refinement. Despite this delay, the company remains confident in its guidance due to strong engagement trends in existing games and anticipated new game releases throughout the fiscal year.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) will host its 2021 Annual Meeting of Stockholders virtually on September 14, 2021, at 9:00 a.m. Eastern Time. This format ensures accessibility for all shareholders amidst ongoing public health concerns due to COVID-19. Stockholders as of July 20, 2021 can attend and participate using a 16-digit control number. The Company encourages stockholders to vote and submit proxies before September 14, 2021. More information is available at the meeting's web link.

2K and Marvel Entertainment announced Marvel’s Midnight Suns, a tactical RPG set in Marvel's darker universe, launching in March 2022. Players will team up with heroes like Blade and Ghost Rider to combat the resurrection of Lilith, the Mother of Demons. The game will be available on multiple platforms including PlayStation, Xbox, PC, and Nintendo Switch. The gameplay premiere is set for September 1, showcasing a customizable tactical battle system. Developed by Firaxis Games, known for Civilization and XCOM, it promises cinematic combat and engaging storytelling.

Hades is now available in retail format for PlayStation 5, PlayStation 4, Xbox Series X, and Xbox One. This multi-award-winning game, boasting a score of 94 on OpenCritic, has received accolades as the best PlayStation 5 and Xbox Series X game of 2021. Priced at $29.99, the retail edition includes bonus items such as a soundtrack download and a character compendium. Enhanced performance features offer 4K gaming at 60fps on newer consoles. The physical edition aims to expand the audience for this acclaimed title.

Take-Two Interactive Software (NASDAQ:TTWO) reported its fiscal Q1 2022 results, ending June 30, 2021, with net revenue of $813.3 million, a 2% decrease from the previous year. Despite this, recurrent consumer spending surged 15%, making up 70% of total revenue. Net income rose significantly by 72% to $152.3 million. However, total net bookings fell 29% to $711.4 million. The company reaffirmed its fiscal year 2022 outlook while experiencing delays in the release of two major titles, indicating a shift in the release schedule.

2K has unveiled the cover athletes for NBA 2K22, featuring Luka Dončić on the Standard Edition and a trio of legends—Kareem Abdul-Jabbar, Dirk Nowitzki, and Kevin Durant—on the NBA 75th Anniversary Edition.

All editions will launch globally on September 10, 2021, with pre-orders available now. The Standard Edition is priced at $59.99 on previous-gen platforms and $69.99 on new-gen consoles. The NBA 75th Anniversary Edition costs $99.99. This release emphasizes the game's diverse representation, including the first female cover athlete, Candace Parker, available exclusively at GameStop.

2K Foundations has launched a project in Toronto to refurbish the Lawrence Heights Court, enhancing access to play for local children. Partnering with the City of Toronto and artists like The Weeknd and NAV, the initiative focuses on community enrichment through sports. The foundation announced further global support initiatives, including music programming and court refurbishments. Projects undertaken include refurbishments in Knoxville, Dominican Republic, and Birmingham, UK. Since its inception in 2018, 2K Foundations has invested in over 40 initiatives to elevate communities through sports and education.

Take-Two Interactive Software (NASDAQ: TTWO) will report its fiscal Q1 2022 financial results on August 2, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET, accessible via phone or online. This update marks a crucial moment for investors, as it will reveal key metrics and performance indicators following the quarter ended June 30, 2021.