Welcome to our dedicated page for Take-Two Interactive Software news (Ticker: TTWO), a resource for investors and traders seeking the latest updates and insights on Take-Two Interactive Software stock.
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) generates a steady flow of news through its activities as a developer, publisher, and marketer of interactive entertainment. Headquartered in New York City and operating principally through Rockstar Games, 2K, and Zynga, the company regularly issues updates on financial performance, product launches, partnerships, and corporate governance.
News for TTWO often centers on quarterly financial results and outlooks. The company publishes earnings releases that discuss Net Bookings, recurrent consumer spending, GAAP net revenue, and non-GAAP measures such as EBITDA, along with management commentary on the performance of core franchises and expectations for future periods. These announcements are typically accompanied by conference call details and slide decks referenced in SEC filings.
Another major category of Take-Two news involves game and content releases across its labels. Recent press releases have highlighted titles such as NBA 2K26, Borderlands 4, Mafia: The Old Country, and updates to Grand Theft Auto Online, as well as Zynga initiatives like Zynga Poker launching on Steam. These items describe platforms, editions, gameplay features, and post-launch content plans for console, PC, and mobile audiences.
Investors and followers of TTWO can also expect coverage of corporate events and governance matters, including announcements about the timing and format of the annual meeting of stockholders, investor presentations, and changes to incentive or deferred compensation plans disclosed via Form 8-K. Together, these updates provide insight into Take-Two’s operational focus, franchise activity, and corporate decision-making.
For those tracking TTWO, this news stream offers context on how the company’s labels, franchises, and financial metrics evolve over time. Regularly reviewing Take-Two’s news can help readers understand developments in its interactive entertainment portfolio and the factors management highlights in its public communications.
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.
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