Take-Two Interactive Software - TTWO STOCK NEWS

Reset Digital has appointed Nate V. Rackiewicz as Chief Data Officer to spearhead data and analytics strategy. Previously, he served as Chief Data Officer for Gannett (NYSE: GCI), where he led data initiatives across all business units. Rackiewicz is known for building analytics capabilities at Take-Two Interactive (NASDAQ: TTWO) and innovating at HBO. His leadership is expected to enhance Reset Digital's unique Neuroprogrammatic advertising platform, addressing the trust deficit in the advertising space while providing inclusive outcomes for diverse audiences.

After Us, an exploration adventure game developed by Piccolo Studio and published by Private Division, is set to launch in Spring 2023 on PC, PlayStation 5, and Xbox Series X|S. Players will embody Gaia, the Spirit of Life, in a post-human world aimed at restoring hope by saving the souls of extinct animals. The game features ten unique biomes and combines impactful storytelling with innovative gameplay mechanics. The MSRP is set at $29.99. This title follows the successful release of Arise: A Simple Story, showcasing advancements in creative game design.

Ghost Story Games, led by Ken Levine, has announced the development of a new single-player narrative first-person shooter titled Judas. Revealed at The Game Awards 2022, Judas will be available on PlayStation®5, Xbox Series X|S, and PC via Steam and Epic Games Store. Players can now add it to their Wishlist. The game's reveal includes a unique storyline involving a disintegrating starship and complex character dynamics. Ghost Story Games, a self-published label under Take-Two Interactive (TTWO), aims to create immersive narrative experiences.

Marvel's Midnight Suns is now available worldwide on PC and next-gen consoles, featuring a tactical RPG experience from Firaxis Games. Players assume the role of The Hunter, leading iconic Marvel heroes against dark forces. The game has received critical acclaim, with top reviews highlighting its engaging story and innovative card-based combat system. It is available in multiple editions, with prices ranging from $59.99 to $99.99, including various cosmetic skins and DLC packs.

Zynga Inc., a wholly-owned publishing label of Take-Two Interactive (NASDAQ: TTWO), announced the acquisition of German mobile game developer Popcore by its subsidiary Rollic. The financial terms of the deal were not disclosed. Popcore is recognized for its popular games like Parking Jam 3D and Pull the Pin!, both ranked among the top downloaded games in the U.S. Apple App Store. This acquisition aims to enhance Rollic's position in the hyper-casual gaming market, leveraging Popcore’s innovative development techniques to create engaging gaming experiences.

Take-Two Interactive Software reported a remarkable 62% increase in GAAP net revenue for Q2 FY2023, reaching $1.4 billion. However, the company posted a GAAP net loss of $257 million, translating to a loss per share of $1.54. Net bookings rose 53% to $1.5 billion, driven largely by recurrent consumer spending, which surged 76%. Looking ahead, Take-Two has adjusted its fiscal 2023 outlook, expecting net bookings between $5.4 billion to $5.5 billion due to pipeline shifts and macroeconomic concerns. Despite challenges, the company remains optimistic about long-term growth in the mobile sector.

OlliOlli World: Finding the Flowzone, the final expansion of the acclaimed skateboarding game, is now available across various platforms including Nintendo Switch, PlayStation 5, Xbox, and PC. This expansion features new challenges, a unique storyline, and enhanced customization options. Priced at $9.99, it can also be purchased as part of the $44.99 Rad Edition, or the $14.99 Expansion Pass. Developed by Roll7 and published by Private Division, this DLC aims to engage players with innovative gameplay mechanics and challenges.

Kerbal Space Program 2, the successor to the acclaimed rocket simulation game, is set to launch in Early Access on February 24, 2023, for PC. This new installment will offer players hundreds of new parts for vehicle construction, enhanced graphics, and improved gameplay mechanics, including time warp functionality and advanced tutorials. Players can influence future developments by providing feedback during Early Access. The game will retail for $49.99 and will later be available on PlayStation 5 and Xbox X|S.