Take-Two Interactive Software Stock Price, News & Analysis

Take-Two Interactive Software (NASDAQ: TTWO) announces that CEO Strauss Zelnick will present at the MKM Partners Virtual Conference on December 15, 2020, at 9:50 a.m. ET. A live webcast will be available on the company’s website. Take-Two, based in New York, is a leading developer and publisher of interactive entertainment through its brands including Rockstar Games and 2K. The company focuses on delivering products via physical retail, digital download, and cloud streaming services. For more information, visit take2games.com.

Take-Two Interactive Software (NASDAQ: TTWO) announced that CEO Strauss Zelnick will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 11:10 a.m. ET. The presentation will be available for live webcast on the Company's website, with an archived replay accessible later. Take-Two is a prominent developer and publisher of interactive entertainment, responsible for titles through Rockstar Games, 2K, and others, catering to various platforms. For more details, visit take2games.com.

2K has launched NBA 2K21 for next-generation consoles, available worldwide for Xbox Series X|S and on November 12 for PlayStation 5. This latest installment features enhanced graphics, lightning-fast loading times, and a new immersive arena experience. Notable additions include the customizable MyNBA mode, an expanded WNBA experience, and a larger game environment called 'The City.' Priced at $69.99 for the standard edition and $99.99 for the Mamba Forever Edition, which offers dual-access to both next-gen and current-gen versions, NBA 2K21 is set to redefine sports simulations.

2K and Gearbox Entertainment have re-launched Borderlands 3, introducing new content, cosmetics, and an upgrade optimized for next-gen consoles. The next-gen upgrade is available on Xbox Series X|S and will launch on PlayStation 5 on November 12. The game now supports up to 60 frames per second in 4K resolution and offers enhancements such as vertical split-screen for local multiplayer. The Designer’s Cut add-on, priced at $14.99, introduces new gameplay options and features. Both Season Pass 2 and Designer’s Cut are available on various platforms.

Take-Two Interactive Software (NASDAQ:TTWO) has proposed to acquire Codemasters, a UK-based game developer, at a price of 485 pence (approximately $6.40) per share. The offer includes 120 pence in cash and 365 pence in Take-Two stock, contingent on due diligence and Codemasters' Board recommendation. Take-Two believes this acquisition will enhance its 2K publishing label and leverage its global distribution network to boost Codemasters' performance. A firm offer must be announced by December 4, 2020, but there can be no certainty that an offer will be made.

Take-Two Interactive Software (NASDAQ:TTWO) reported fiscal Q2 2021 GAAP net revenue of $841.1 million, slightly down from $857.8 million YoY. However, recurrent consumer spending surged 56%, comprising 59% of total revenue. GAAP net income rose 38% to $99.3 million or $0.86 per diluted share. The company increased its fiscal 2021 outlook, anticipating record net bookings exceeding $3 billion. Cash and short-term investments reached $2.386 billion, positioning Take-Two favorably for growth amidst ongoing engagement trends.

2K announced the upcoming launch of WWE SuperCard Season 7, scheduled for November 2020. This free update will enhance gameplay with three new card tiers and increased strategic options. WWE SuperCard has achieved over 21 million downloads and maintains high ratings (4.8/5 on iOS, 4.3/5 on Google Play). New features include Styles & Techniques for deck-building, unique Super Moves, and revamped graphics. The game remains free-to-play with optional in-game purchases available.

Rockstar Games has acquired Ruffian Games, renaming it Rockstar Dundee. The acquisition signifies Rockstar's commitment to expanding its development capabilities, particularly in Scotland. Ruffian, known for its work on the Crackdown series and Halo: Reach, has a team with extensive experience in game development. Co-founders Gary Liddon and Billy Thomson will continue as Co-Studio Directors. While the acquisition's financial terms remain undisclosed, it is a strategic move to enhance Rockstar's portfolio of successful entertainment franchises.

Take-Two Interactive Software (NASDAQ: TTWO) plans to announce its financial results for Q2 FY2021, ending September 30, 2020, on November 5, 2020, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results, accessible via phone or through a live webcast. Take-Two, headquartered in New York City, is a major player in the interactive entertainment industry, marketing through notable brands like Rockstar Games and 2K, and offering products across various platforms including consoles and mobile devices.