Take-Two Interactive Software Stock Price, News & Analysis

Take-Two Interactive (NASDAQ:TTWO) reported a 2% increase in GAAP net revenue to $858.2 million for Q2 FY2022. Net income dropped to $10.3 million, or $0.09 per diluted share, compared to $99.3 million last year. Net Bookings rose 3% to $984.9 million, driven mainly by NBA® 2K22 and Grand Theft Auto® franchises. The company raised its Net Bookings outlook for FY2022 to between $3.3 and $3.4 billion. Cash and short-term investments stood at $2.3 billion. Despite an impairment charge of $53 million due to halting an unannounced title, management remains optimistic about future growth.

The PGA TOUR® 2K21 Baller Edition has launched globally, featuring extensive bonus content for golf gamers. Available for $79.99, this edition includes the base game, all previously released DLC, and exclusive packs such as the 2K/adidas CODECHAOS MyPLAYER Pack. A Baller Pack for existing players costs $24.99. Monthly multiplayer courses will be created by international content creators, enhancing the gaming experience. The game has sold over 2.5 million units since launch, marking significant success for Take-Two Interactive.

Take-Two Interactive Software (NASDAQ: TTWO) will report its Q2 fiscal 2022 financial results, ending September 30, 2021, post-market on November 3, 2021. A conference call for discussing these results will take place at 4:30 p.m. ET, accessible via phone or a live webcast.

Take-Two is a prominent developer and publisher of interactive entertainment, operating renowned brands like Rockstar Games and 2K. The company provides products across various platforms, focusing on delivering engaging gaming experiences worldwide.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) held its Annual Meeting of Stockholders, where the following directors were elected: Strauss Zelnick (Chairman), Michael Dornemann, Roland Hernandez, J Moses, Michael Sheresky, LaVerne Srinivasan, Susan Tolson, and Paul Viera. Stockholders approved the non-binding advisory compensation of named executive officers and amended the 2017 Stock Incentive Plan to increase reserved shares. The appointment of Ernst & Young LLP as the independent accounting firm for the fiscal year ending March 31, 2022, was ratified.

MTN DEW has partnered with NBA All-Star Zach LaVine as part of its marketing strategy, enhancing its visibility in the basketball community. LaVine joins other athletes like Zion Williamson in promoting the brand. His presence in NBA 2K22 features 'quest-giving' roles for players, highlighting MTN DEW's engagement in gaming culture. The collaboration aims to integrate LaVine into various marketing initiatives, including the MTN DEW 3-Point Contest that is introduced in NBA 2K22. This partnership reflects MTN DEW’s commitment to aligning with athletes who embody its lifestyle.

2K announces the worldwide launch of NBA 2K22, the latest edition of its acclaimed basketball simulation series, available on both current and next-gen platforms. This iteration features enhanced gameplay, improved visual presentation, and a plethora of game modes including MyCAREER and MyTEAM. Players can experience a new City for PS5 and Xbox Series X|S, while the Neighborhood for other platforms introduces unique activities aboard a cruise ship. The game is priced at $59.99 for standard editions and $79.99 for cross-gen bundles.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has reiterated its fiscal year 2022 outlook, originally announced on May 18, 2021, and reaffirmed on August 2, 2021. The release of enhanced versions of Grand Theft Auto V and Grand Theft Auto Online for new consoles is now scheduled for March 2022, delayed from the initial November 2021 date to allow for further product refinement. Despite this delay, the company remains confident in its guidance due to strong engagement trends in existing games and anticipated new game releases throughout the fiscal year.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) will host its 2021 Annual Meeting of Stockholders virtually on September 14, 2021, at 9:00 a.m. Eastern Time. This format ensures accessibility for all shareholders amidst ongoing public health concerns due to COVID-19. Stockholders as of July 20, 2021 can attend and participate using a 16-digit control number. The Company encourages stockholders to vote and submit proxies before September 14, 2021. More information is available at the meeting's web link.

2K and Marvel Entertainment announced Marvel’s Midnight Suns, a tactical RPG set in Marvel's darker universe, launching in March 2022. Players will team up with heroes like Blade and Ghost Rider to combat the resurrection of Lilith, the Mother of Demons. The game will be available on multiple platforms including PlayStation, Xbox, PC, and Nintendo Switch. The gameplay premiere is set for September 1, showcasing a customizable tactical battle system. Developed by Firaxis Games, known for Civilization and XCOM, it promises cinematic combat and engaging storytelling.