Take-Two Interactive Software Stock Price, News & Analysis

Take-Two Interactive Software (NASDAQ:TTWO) reported its fiscal Q1 2022 results, ending June 30, 2021, with net revenue of $813.3 million, a 2% decrease from the previous year. Despite this, recurrent consumer spending surged 15%, making up 70% of total revenue. Net income rose significantly by 72% to $152.3 million. However, total net bookings fell 29% to $711.4 million. The company reaffirmed its fiscal year 2022 outlook while experiencing delays in the release of two major titles, indicating a shift in the release schedule.

2K has unveiled the cover athletes for NBA 2K22, featuring Luka Dončić on the Standard Edition and a trio of legends—Kareem Abdul-Jabbar, Dirk Nowitzki, and Kevin Durant—on the NBA 75th Anniversary Edition.

All editions will launch globally on September 10, 2021, with pre-orders available now. The Standard Edition is priced at $59.99 on previous-gen platforms and $69.99 on new-gen consoles. The NBA 75th Anniversary Edition costs $99.99. This release emphasizes the game's diverse representation, including the first female cover athlete, Candace Parker, available exclusively at GameStop.

2K Foundations has launched a project in Toronto to refurbish the Lawrence Heights Court, enhancing access to play for local children. Partnering with the City of Toronto and artists like The Weeknd and NAV, the initiative focuses on community enrichment through sports. The foundation announced further global support initiatives, including music programming and court refurbishments. Projects undertaken include refurbishments in Knoxville, Dominican Republic, and Birmingham, UK. Since its inception in 2018, 2K Foundations has invested in over 40 initiatives to elevate communities through sports and education.

Take-Two Interactive Software (NASDAQ: TTWO) will report its fiscal Q1 2022 financial results on August 2, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET, accessible via phone or online. This update marks a crucial moment for investors, as it will reveal key metrics and performance indicators following the quarter ended June 30, 2021.

Take-Two Interactive Software (NASDAQ:TTWO) has acquired Dynamixyz, a leader in video-based facial animation technology, founded in 2010 in France. This acquisition aims to enhance Take-Two's development capabilities, leveraging Dynamixyz's innovative motion capture and analysis tools. The company has a notable history of collaboration with Take-Two’s labels, including Rockstar Games and 2K on major projects such as Red Dead Redemption 2 and NBA 2K21. Financial details were not disclosed, but the move is expected to drive creative and operational synergies.

Kerbal Space Program Enhanced Edition is set to launch on PlayStation 5 and Xbox Series X|S this fall, featuring enhanced graphics and performance. Existing owners of the game on older consoles will receive a complimentary upgrade. It will run at Quad HD 1440p with improved framerate, while Xbox Series S will operate at 1080p. The game retails at $39.99 and celebrates the franchise's 10th anniversary. This release is a precursor to the anticipated Kerbal Space Program 2, scheduled for release in Take-Two's fiscal year 2023.

Private Division and Supergiant Games have partnered to launch a physical edition of Hades on PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X on August 13, 2021. This acclaimed rogue-like dungeon crawler has won over 50 Game of the Year awards, with a Metacritic score of 93 and OpenCritic score of 94. The retail edition will include exclusive bonus content such as a digital soundtrack and a compendium booklet. Enhanced performance is promised on newer consoles, with 4K resolution at 60fps on PS5 and Xbox Series X.

2K and Gearbox Entertainment announced the upcoming release of Tiny Tina’s Wonderlands, a standalone fantasy adventure game launching in early 2022 across multiple platforms including Xbox, PlayStation, and PC. The game features customizable multiclass heroes engaging in cooperative gameplay against whimsical foes, driven by the unpredictable character Tiny Tina. The title promises rich storytelling and end-game content, aiming to capture both returning fans and new players. Notably, the game reflects over a decade of development at Gearbox.

Take-Two Interactive Software (NASDAQ:TTWO) announced the acquisition of Nordeus for up to $378 million. The upfront payment includes $225 million in cash and $90 million in newly issued Take-Two shares. The deal aims to strengthen Take-Two's mobile gaming segment following previous acquisitions of Social Point and Playdots. Nordeus is renowned for its game Top Eleven, boasting over 240 million registered users. The Nordeus team will continue its operations post-acquisition, with potential earn-out provisions based on performance.