Welcome to our dedicated page for Take-Two Interactive Software news (Ticker: TTWO), a resource for investors and traders seeking the latest updates and insights on Take-Two Interactive Software stock.
Take-Two Interactive Software Inc. develops, publishes, and markets interactive entertainment through Rockstar Games, 2K, and Zynga. News about TTWO commonly covers earnings releases, Net Bookings, product launch timing, and updates across console, PC, and mobile platforms.
Recurring company developments include releases and content updates for franchises such as Grand Theft Auto, NBA 2K, WWE 2K, Red Dead Redemption, Borderlands, and Zynga mobile titles including Words With Friends, Zynga Poker, Two Dots, and FarmVille 3. Coverage also includes brand and media partnerships, investor conference appearances, live-service activity, and management commentary on the company’s publishing pipeline.
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.