Take-Two Interactive Software Stock Price, News & Analysis

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.

2K and Gearbox Software have launched New Tales from the Borderlands® globally. This narrative adventure game expands the Borderlands universe and is available on multiple platforms, including Xbox, PS5, Nintendo Switch, and PC. With a unique choice-based gameplay, players navigate through Meridian City with three characters facing challenges determined by their decisions. The game is offered in two editions: Standard ($39.99) and Deluxe ($49.99) featuring additional content. The release is expected to attract both new and returning fans of the franchise.

2K has launched PGA TOUR® 2K23, the latest golf simulation game featuring Tiger Woods as its cover athlete and Executive Director. Now available on multiple platforms including PS5, PS4, Xbox Series X|S, Xbox One, and PC, the game includes over 14 playable pro golfers, a new Topgolf Mode, and enhanced MyPLAYER customization options. Players can aim for PGA TOUR Pro Status by competing in various modes. Upcoming content will include additional pros and courses. The game is available in Standard, Deluxe, and special Tiger Woods editions.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) will report its financial results for Q2 of fiscal year 2023, ending on September 30, 2022, on November 7, 2022, after market close. A conference call to discuss the results is scheduled for 4:30 p.m. Eastern Time, accessible at (877) 407-0984 or (201) 689-8577. A live webcast and replay will be available on their investor relations website.

Zynga Inc., a publishing label of Take-Two Interactive Software (NASDAQ: TTWO), has completed the acquisition of Storemaven, a leader in mobile growth and App Store Optimization technologies. This acquisition expands Zynga's operations in Israel and aims to enhance its mobile publishing platform and advertising capabilities with Chartboost. Although financial terms were not disclosed, Zynga expects this move to solidify its position in the mobile gaming market and leverage Storemaven's technology for better audience engagement.