Take-Two Interactive Software Stock Price, News & Analysis

Take-Two Interactive Software (NASDAQ: TTWO) will host its 2022 Annual Meeting of Stockholders as a virtual event on September 16, 2022, at 9:00 a.m. ET. Stockholders as of July 25, 2022, can participate by entering their 16-digit control number. Others can view the meeting but cannot participate. The Company encourages stockholders to vote in advance, and those who have already voted need not take further action. Take-Two is a leading developer and publisher of interactive entertainment, operating through well-known brands like Rockstar Games and 2K.

MTN DEW and NBA 2K23 launched a Player's Pack Bundle at Papa Johns, timed with the game's release on September 9, 2022. Fans purchasing a large 3-topping pizza and two 20 oz. MTN DEW can unlock exclusive in-game perks and a chance to win up to a million dollars' worth of swag. The bundle includes 200,000 unique locker codes featuring player packs, Emerald Tier Cards, and MyPLAYER Skill Boosts. The offer starts at $17.99 and runs until October 14, 2022. Shaquille O'Neal promoted the initiative, enhancing engagement with fans in the gaming community.

New Tales from the Borderlands, a standalone choice-based interactive narrative game, is set to launch on October 21, 2022. Developed by Gearbox Software, players will explore an engaging story featuring three underdogs. Pre-orders are available for various platforms including Xbox, PlayStation, Nintendo Switch, and PC, with prices starting at $39.99.

The game features branching narratives influenced by player decisions, adding depth to the Borderlands universe, and includes pre-order bonuses such as the Adventure Capital Pack.

PGA TOUR® 2K23, the latest golf simulation game from 2K and HB Studios, is set for release on October 11, 2022. The game features Tiger Woods on the cover and includes over 14 pros, 20 licensed courses, and customizable player options. Players can engage in multiplayer modes and a new Topgolf experience. Various editions will be available, with pre-order bonuses such as the Michael Jordan Bonus Pack. The game will be available on multiple platforms including Xbox and PlayStation.

Private Division and Roll7 have launched Rollerdrome, a new third-person shooter-skater available on PlayStation 5, PlayStation 4, and Steam for $29.99. Initially, it's available at a discounted price of $19.79 for PlayStation Plus members. Set in a dystopian 2030, players control Kara Hassan as she competes in a brutal sport amidst a dark political backdrop. The game features a unique retro-futuristic art style and a soundtrack blending 70's sounds with modern beats. The release was highlighted by industry executives praising its innovative gameplay and artistic vision.

Take-Two Interactive (NASDAQ: TTWO) announced a new publishing agreement through its label Private Division with Wētā Workshop, known for their work on the Middle-earth universe. The collaboration aims to develop a new game set in this celebrated realm. Wētā Workshop has broad creative rights from Middle-earth Enterprises to explore the lore of J.R.R. Tolkien's works. Although the game is in early development with no release date, it is expected to launch during Take-Two’s Fiscal Year 2024, promising unique experiences for both fans and new players.

Take-Two Interactive Software (TTWO) reported a strong first quarter for fiscal year 2023, with GAAP net revenue rising 36% to $1.1 billion. However, the company experienced a GAAP net loss of $104 million or $0.76 per share. Net bookings grew by 41% to $1 billion, driven by recurrent consumer spending, which increased by 48%. The outlook for fiscal year 2023 has been updated to reflect the acquisition of Zynga, with projected net bookings between $5.8 billion and $5.9 billion. The combination with Zynga is expected to enhance TTWO's mobile presence and shareholder value.

Take-Two Interactive Software (TTWO) will announce its Q1 fiscal 2023 financial results on August 8, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time, accessible via phone and a live webcast. The company, known for its development and publishing through brands like Rockstar Games and 2K, focuses on interactive entertainment across various platforms, including consoles, PC, and mobile devices.