Take-Two Interactive Software Inc - TTWO STOCK NEWS

Sid Meier's Civilization VII is set to launch worldwide on February 11, 2025. This new chapter in the best-selling 4X strategy game franchise will be available on multiple platforms, including PlayStation 5, Xbox Series X|S, Nintendo Switch, and PC. The game introduces revolutionary features such as Ages, allowing players to evolve their empires through distinct historical periods, and the ability to choose leaders independently from civilizations. With cross-play and cross-progression support, players can compete across platforms. The game will be available in three editions: Standard, Deluxe, and Founders, with prices ranging from $59.99 to $129.99. Pre-orders are now open, offering early access and bonus content.

2K and Hangar 13 have announced Mafia: The Old Country, a new entry in the critically-acclaimed action-adventure franchise set to launch in 2025. The game will be available on PlayStation 5, Xbox Series X|S, and PC via Steam. Set in 1900s Sicily, it explores the origins of organized crime with a gritty mob story. The Mafia franchise has sold over 34 million copies across platforms and is praised for its rich narratives and period-appropriate settings. Nick Baynes, President of Hangar 13, emphasized the game's focus on a deep, linear narrative and classic mob movie feel. More details about the game will be unveiled in December 2024.

2K and Gearbox Software have officially announced Borderlands® 4, set to launch in 2025 on PS5®, Xbox Series X|S, and PC. The game, available for wishlisting now, was revealed at gamescom's Opening Night Live with a teaser trailer showcasing a new planet. As the fourth mainline title and seventh overall entry in the franchise, players will once again take on the role of a Vault Hunter.

The Borderlands franchise has sold-in over 87 million copies to date. Randy Pitchford, founder of Gearbox Entertainment Company, expressed ambitious plans for Borderlands 4, promising to elevate the game to new levels. The series is noted for its unique guns, unforgettable characters, and deep world-building. 2K's Core Games Senior VP, Catharina Lavers Mallet, highlighted the franchise's significance and the growing partnership with Gearbox.

Take-Two Interactive Software (NASDAQ:TTWO) reported fiscal Q1 2025 results ended June 30, 2024. Key financial metrics include Net Bookings of $1.22 billion, a 1% increase YoY, and GAAP net revenue of $1.34 billion, up 4% YoY. Despite these gains, the company reported a GAAP net loss of $262.0 million ($1.52 per share), higher than last year's loss of $206.0 million ($1.22 per share).

The top revenue contributors were NBA 2K24, Grand Theft Auto Online, Grand Theft Auto V, and other mobile gaming titles. Recurrent consumer spending, which includes virtual currency and in-game purchases, accounted for 83% of total Net Bookings and 82% of GAAP net revenue.

Looking ahead, Take-Two updated its fiscal 2025 guidance, reiterating Net Bookings outlook of $5.55 to $5.65 billion. The company expects sequential increases in Net Bookings for fiscal 2026 and 2027, driven by its development pipeline and growth opportunities.

Zynga, a Take-Two Interactive Software (NASDAQ: TTWO) subsidiary, has launched Game of Thrones: Legends, a mobile RPG puzzle game featuring content from the Game of Thrones and House of the Dragon series. The game is now available worldwide on the App Store and Google Play. Kit Harington, known for his role as Jon Snow, stars in the launch trailer, returning to the franchise in a comedic marketing campaign.

The game allows players to build their own Westeros house, assemble a team of champions, and engage in strategic battles. Key features include missions across Westeros, iconic character upgrades, and various game modes. The launch is supported by a marketing campaign featured on Max and during new episodes of House of the Dragon.

Take-Two Interactive Software (NASDAQ: TTWO) will report its fiscal year 2025 first-quarter financial results on August 8, 2024, after market close. The results, covering the period ending June 30, 2024, will be discussed in a conference call at 4:30 p.m. Eastern Time, accessible via phone or a live webcast on the company's investor relations website. Take-Two, headquartered in New York City, is a major developer and publisher of interactive entertainment, delivering products through brands like Rockstar Games, 2K, Private Division, and Zynga. Their offerings span console systems, PC, and mobile platforms, available via physical retail, digital downloads, online platforms, and cloud streaming services.

2K has announced the release of NBA 2K25, featuring NBA Champion Jayson Tatum, two-time WNBA MVP A’ja Wilson, and Hall-of-Fame legend Vince Carter as cover athletes. NBA 2K25 will be available globally on September 6, 2024, on platforms including PlayStation 5, Xbox Series X|S, and PC. This edition marks the first time both NBA and WNBA athletes are featured on a dual global cover. Key enhancements include ProPLAY™ technology that delivers enhanced realism, crossplay on new-gen consoles, and new modes in MyCAREER and MyTEAM. Multiple editions of the game, including a special Hall of Fame Edition, are available for pre-order.

Take-Two Interactive Software (NASDAQ: TTWO) announced the pricing of a secondary public offering of 2,830,084 shares of its common stock held by Embracer Group AB at $154.50 per share. These shares were issued to Embracer on June 11, 2024, following Take-Two's acquisition of The Gearbox Entertainment Company. The offering is expected to close on June 14, 2024, with Goldman Sachs & Co. as the sole underwriter. Take-Two will not receive any proceeds from this offering. The offering is made under Take-Two's effective shelf registration statement filed with the SEC on June 11, 2024.

Take-Two Interactive Software (NASDAQ: TTWO) announced a secondary offering of 2,830,084 shares of its common stock, held by Embracer Group AB. These shares were issued to Embracer Group on June 11, 2024, following Take-Two's acquisition of The Gearbox Entertainment Company. This offering is strictly a resale, meaning Take-Two will not receive any proceeds. Goldman Sachs & Co. is the sole underwriter. The offering is made via Take-Two's effective shelf registration statement filed with the SEC. Investors are advised to read the prospectus and related documents filed with the SEC for comprehensive details.