Take-Two Interactive Software - TTWO STOCK NEWS

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.

Take-Two Interactive Software (NASDAQ: TTWO) has announced a $600 million Senior Notes offering. This includes $300 million of 5.400% Senior Notes due 2029 and $300 million of 5.600% Senior Notes due 2034. The proceeds will be used for general corporate purposes, including repaying $600 million of 3.550% Senior Notes due 2025. The offering is expected to close on June 12, 2024, subject to customary conditions. J.P. Morgan Securities and Wells Fargo Securities, are managing the offering. Detailed documents are available on the SEC's website.

Zynga, a subsidiary of Take-Two Interactive Software (NASDAQ: TTWO), announced the upcoming launch of its new RPG puzzle game, Game of Thrones: Legends, set for worldwide release on July 25, 2024. Pre-registration is now open on the App Store and Google Play, offering special in-game rewards for early adopters. The game combines the rich lore and characters from HBO's Game of Thrones and House of the Dragon series, featuring epic puzzle battles and strategic gameplay. Players will lead their own Westeros house and can claim Epic Champion Robert Baratheon by completing the first chapter within the first week of launch. The game's first trailer, showcasing its engaging premise, is now available for viewing.

2K and Firaxis Games have officially announced the launch of Sid Meier’s Civilization® VII, set for 2025. This new chapter in the acclaimed strategy video game series will be available on PS5, PS4, Xbox Series X|S, Xbox One, Nintendo Switch, and PC, Mac, and Linux via Steam. A full gameplay showcase will be presented in August 2024, and the game is already available for wishlisting on select platforms. The announcement was made at Summer Games Fest, featuring a cinematic trailer that highlights the franchise's legacy. With over 70 million copies sold and more than 1 billion hours played, the Civilization series remains a significant asset for 2K Games and its parent company, Take-Two Interactive (TTWO).

Zynga, a Take-Two Interactive Software label, has launched Star Wars: Hunters, a new competitive battle arena game.

The game is available for free on Nintendo Switch, iOS, and Android devices.

Set on the planet Vespaara, players compete in fast-paced matches with teams of four across various Star Wars-inspired battlefields.

Players can choose from a roster of unique characters, each with distinct abilities.

The game features multiple modes, including Squad Brawl and Trophy Chase.

Zynga and Lucasfilm Games aim to offer an immersive Star Wars experience with this launch.

Take-Two Interactive Software (NASDAQ: TTWO) announced that its CEO, Strauss Zelnick, will participate in a Fireside Chat at the TD Cowen 52nd Annual Technology, Media & Telecom Conference. The event is set for May 30, 2024, at 1:50 p.m. ET. The live webcast and replay of the presentation will be accessible on the company's investor relations website.

Take-Two, headquartered in New York, is a leading creator, publisher, and marketer of interactive entertainment. The company operates through various brands, including Rockstar Games, 2K, Private Division, and Zynga, delivering products through physical, digital, online, and cloud platforms.

Take-Two Interactive Software (NASDAQ: TTWO) reported Q4 and fiscal year 2024 results, with Q4 net bookings of $1.35 billion, driven by NBA 2K24, Zynga's in-app purchases, and popular series like Red Dead Redemption and Grand Theft Auto. Fiscal year 2024 net bookings reached $5.33 billion. However, GAAP net revenue decreased by 3% to $1.40 billion in Q4, and the company recorded a net loss of $2.90 billion due to significant impairment charges and business reorganization expenses. For fiscal year 2025, Take-Two projects net bookings of $5.55 to $5.65 billion and anticipates a substantial commercial impact from the release of Grand Theft Auto VI in Fall 2025.