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.
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Take-Two Interactive Software (NASDAQ: TTWO) has announced it will report its financial results for the fourth quarter and fiscal year 2023, which ended March 31, 2023, after the market closes on May 17, 2023. A conference call to discuss the results is scheduled for 4:30 p.m. Eastern Time on the same day, accessible by calling (877) 407-0984 or (201) 689-8577. Shareholders and interested parties can also access a live webcast through Take-Two’s investor relations website. The company, known for brands like Rockstar Games and 2K, develops and publishes interactive entertainment across platforms including consoles, PC, and mobile.
Take-Two Interactive Software (TTWO) announced an underwritten public offering of $1 billion in Senior Notes. The offering includes $500 million of 5.000% Senior Notes due 2026 and $500 million of 4.950% Senior Notes due 2028. The net proceeds will be used to repay a $350 million term loan due June 21, 2023, with the remainder allocated for general corporate purposes, including repurchasing outstanding debt. Closing is expected on April 14, 2023, pending customary conditions. Major finance firms J.P. Morgan, Wells Fargo, BNP Paribas, and BofA Securities are managing the offering. This transaction is part of Take-Two's strategy to manage its capital structure effectively.
2K and the LEGO Group have announced the release of LEGO® 2K Drive, a new AAA driving adventure game, set to launch on May 19, 2023, worldwide. Developed by Visual Concepts, the game features a vast open world where players can build vehicles and compete in races. This title marks the beginning of a multi-title partnership between 2K and LEGO. Players can choose from three editions: Standard at $59.99, Awesome at $99.99, and Awesome Rivals at $119.99. Pre-orders are available now, with bonuses for early purchases.
2K has released the WWE® 2K23, with the Icon Edition and Deluxe Edition now available. Players can enjoy new features like WarGames, the “You Can’t Beat Me” 2K Showcase, and enhanced modes. The game includes 201 Superstars, including John Cena and Bad Bunny, who is featured in the Bad Bunny Bonus Pack. The Deluxe Edition is priced at
The Outer Worlds: Spacer’s Choice Edition has launched for Xbox Series X|S, PlayStation 5, and PC, offering significant upgrades such as enhanced lighting, dynamic 4K resolution, and a raised level cap to 99. Priced at
Kerbal Space Program 2 is now available in Early Access for
Heather Hazen has been promoted to Studio Head at Firaxis Games, known for the Civilization and XCOM franchises. With 22 years in the gaming industry, including a tenure at Epic Games, Hazen aims to enhance Firaxis's strategy games. This change comes as former Studio Head Steve Martin departs after over 25 years. The studio is currently developing the next Civilization game, with Ed Beach continuing as Creative Director. Notably, Jake Solomon, a key figure behind XCOM, is also leaving. The Civilization franchise has sold over 65 million copies to date.
Take-Two Interactive Software (NASDAQ:TTWO) reported a 56% increase in GAAP net revenue for Q3 FY2023, reaching $1.41 billion, driven by strong performance in titles like NBA 2K23 and Grand Theft Auto. Despite this growth, the company reported a GAAP net loss of $153.4 million or $0.91 per share, compared to a profit of $144.6 million in the previous year. Adjusted Unrestricted Operating Cash Flow was $122.9 million, down from $278.7 million last year. The company revised its fiscal year 2023 Net Bookings guidance to $5.2-$5.25 billion amidst challenging market conditions and is implementing cost reduction measures targeting over $50 million in savings.
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