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Take-Two Interactive Software, Inc. - TTWO STOCK NEWS

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. (TTWO), headquartered in New York City, is a leading developer, marketer, and publisher of interactive entertainment for consumers globally. Founded in 1993, the company operates through its three wholly-owned labels: Rockstar Games, 2K, and Zynga.

Take-Two is renowned for its high-quality gaming franchises. Rockstar Games is best known for the Grand Theft Auto series, which has achieved unprecedented sales milestones, including reaching $1 billion in sales faster than any other entertainment release in history. 2K produces popular titles such as NBA 2K, Civilization, Borderlands, Bioshock, and XCOM. Zynga, a leader in the mobile gaming sector, offers widely-played titles like Farmville, Empires & Puzzles, and CSR Racing.

The company's innovative products are available across console systems, handheld gaming systems, and personal computers, including smartphones and tablets. These products are delivered through various channels including physical retail, digital downloads, online platforms, and cloud streaming services.

Take-Two's financial performance has been robust, characterized by record-breaking revenue, earnings, and cash flow. The company has set new standards within the entertainment industry, particularly during fiscal 2014, when digitally-delivered revenue reached its highest levels. Notable achievements include the success of Grand Theft Auto V, NBA 2K14, and Borderlands 2.

Take-Two continues to expand its portfolio and enhance its global footprint through strategic partnerships and acquisitions. The firm’s commitment to delivering immersive and innovative entertainment experiences keeps it at the forefront of the interactive entertainment industry.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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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FAQ

What is Take-Two Interactive Software Inc.?

Take-Two Interactive Software Inc. (TTWO) is a leading developer, marketer, and publisher of interactive entertainment for global consumers, headquartered in New York City.

What are Take-Two's main product labels?

Take-Two's main product labels are Rockstar Games, 2K, and Zynga.

Which popular video game franchises does Take-Two publish?

Take-Two publishes popular franchises such as Grand Theft Auto, NBA 2K, Civilization, Borderlands, Bioshock, and XCOM.

What platforms are Take-Two's games available on?

Take-Two's games are available on console systems, handheld gaming systems, personal computers, smartphones, and tablets.

How are Take-Two's products delivered to consumers?

Take-Two's products are delivered through physical retail, digital downloads, online platforms, and cloud streaming services.

What notable achievements has Take-Two accomplished?

Notable achievements include Grand Theft Auto V reaching $1 billion in sales faster than any other entertainment release in history, and NBA 2K14 enjoying the franchise’s strongest launch.

How has Take-Two performed financially in recent years?

Take-Two has achieved record-breaking revenue, earnings, and cash flow, particularly during fiscal 2014, driven by strong sales and high digitally-delivered revenue.

What mobile games does Zynga, a label of Take-Two, offer?

Zynga offers popular mobile games such as Farmville, Empires & Puzzles, and CSR Racing.

When was Take-Two Interactive founded?

Take-Two Interactive was founded in 1993.

What is the significance of Take-Two in the entertainment industry?

Take-Two is one of the world's largest independent video game publishers, known for delivering immersive and innovative entertainment experiences that set industry standards.

Take-Two Interactive Software, Inc.

Nasdaq:TTWO

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TTWO Stock Data

26.31B
175.00M
1.38%
100.2%
4.42%
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