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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) will report its financial results for Q4 and fiscal year 2021 on May 18, 2021, after market close. The conference call to discuss these results is scheduled for 4:30 p.m. ET, accessible via phone or a live webcast. The company is known for developing and publishing well-known games through its brands like Rockstar Games and 2K.
Private Division and Roll7 announced the digital launch of OlliOlli World for multiple platforms this winter during Take-Two's fiscal year 2022. This skateboarding game represents a new direction for the franchise, featuring a vibrant world called Radland. Players can customize characters and explore diverse levels with a refined gameplay experience. The game promises a balance of accessibility for newcomers and depth for seasoned players. Roll7's Co-CEO emphasized the aim to celebrate skateboarding culture in this ambitious evolution of the series.
2K has acquired the Austin-based video game division of HookBang, which will be integrated into Visual Concepts, the studio behind the NBA 2K franchise. This strategic acquisition aims to bolster the development team in Austin and enhance support for NBA 2K and other publishing ventures. The new studio will hire hundreds of developers and operate from a new location in the Austin area. The financial terms of the deal remain undisclosed, marking a continued effort by 2K to expand its interactive entertainment offerings.
Private Division and Obsidian Entertainment have released The Outer Worlds: Murder on Eridanos, the second expansion for their acclaimed RPG. Available on PlayStation 4, Xbox One, and PC, it will also launch on Nintendo Switch later. Players can engage in a murder mystery, utilizing new gameplay mechanics and dialogue options. The expansion raises the level cap and introduces new weapons and armor. Priced at $14.99 individually or $24.99 with the first expansion, it builds upon the original's success and is aimed at enhancing player choice and story depth.
2K has announced a long-term partnership with Tiger Woods, including exclusive rights to his name and likeness in the PGA TOUR 2K franchise. Additionally, 2K will acquire HB Studios Multimedia Ltd., developers of PGA TOUR 2K21. This acquisition is expected to finalize in Q1 2021, enhancing 2K's portfolio in sports gaming. Financial terms were not disclosed. The partnership aims to leverage Woods' iconic status in golf to strengthen the franchise, with Woods taking on an Executive Director role.
Take-Two Interactive Software (NASDAQ:TTWO) announced that CEO Strauss Zelnick will present at the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2021, at 11:45 a.m. Eastern Time. A live webcast will be available on the Company's website, with an archived replay following the event.
Take-Two is a leading developer and publisher of interactive entertainment, operating through brands like Rockstar Games and 2K. The Company emphasizes diverse product delivery, including digital platforms and cloud streaming services.
Take-Two Interactive reported fiscal Q3 2021 results, with GAAP net revenue of $860.9 million, down from $930.1 million year-over-year. Recurrent consumer spending surged 57%, constituting 62% of total revenue. Digital revenue increased 4% to $728.5 million. Net income rose 11% to $182.2 million or $1.57 per diluted share. The company raised its fiscal year outlook, predicting record net bookings of $3.37-$3.42 billion.
As of December 31, 2020, cash and short-term investments totaled $2.42 billion.
Take-Two Interactive Software (TTWO) has officially lapsed its offer to acquire Codemasters Group Holdings due to the withdrawal of Codemasters' recommendation and the failure to hold shareholders' meetings by the deadline of January 12, 2021. The Co-operation Agreement has thus terminated. Despite this setback, Take-Two emphasizes its commitment to pursuing both organic and inorganic growth opportunities, capitalizing on a strong balance sheet to drive long-term growth and shareholder value.
Take-Two Interactive Software (NASDAQ: TTWO) will report its financial results for Q3 FY2021, ending December 31, 2020, after market close on February 8, 2021. A conference call to discuss these results is scheduled for 4:30 p.m. ET, accessible via phone or a live webcast. Take-Two is a major player in interactive entertainment, known for its products through Rockstar Games, 2K, Private Division, and Social Point, available across multiple platforms globally.
Rockstar Games announces the launch of The Cayo Perico Heist, the largest update for Grand Theft Auto Online, available for free on multiple platforms including Playstation 4 and Xbox One X. This update allows players to infiltrate El Rubio's island to complete heists solo or with a crew of up to four. It introduces new features such as The Music Locker nightclub and three new radio stations, enhancing player interaction and music discovery. All updates are free with any copy of Grand Theft Auto V.
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