Take-Two Interactive Software - TTWO STOCK NEWS

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.

Take-Two Interactive Software (NASDAQ:TTWO) has acknowledged Codex Games Limited's offer to acquire Codemasters Group Holdings plc at 604 pence per share. This offer has led Codemasters' Board to change its recommendation in favor of Electronic Arts over Take-Two's prior acquisition interest. Take-Two is currently assessing its position regarding Codemasters and will issue a further announcement at the appropriate time.

Take-Two Interactive Software (NASDAQ: TTWO) announces that CEO Strauss Zelnick will present at the MKM Partners Virtual Conference on December 15, 2020, at 9:50 a.m. ET. A live webcast will be available on the company’s website. Take-Two, based in New York, is a leading developer and publisher of interactive entertainment through its brands including Rockstar Games and 2K. The company focuses on delivering products via physical retail, digital download, and cloud streaming services. For more information, visit take2games.com.

Take-Two Interactive Software (NASDAQ: TTWO) announced that CEO Strauss Zelnick will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 11:10 a.m. ET. The presentation will be available for live webcast on the Company's website, with an archived replay accessible later. Take-Two is a prominent developer and publisher of interactive entertainment, responsible for titles through Rockstar Games, 2K, and others, catering to various platforms. For more details, visit take2games.com.

2K has launched NBA 2K21 for next-generation consoles, available worldwide for Xbox Series X|S and on November 12 for PlayStation 5. This latest installment features enhanced graphics, lightning-fast loading times, and a new immersive arena experience. Notable additions include the customizable MyNBA mode, an expanded WNBA experience, and a larger game environment called 'The City.' Priced at $69.99 for the standard edition and $99.99 for the Mamba Forever Edition, which offers dual-access to both next-gen and current-gen versions, NBA 2K21 is set to redefine sports simulations.