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. (NASDAQ: TTWO) generates a steady flow of news through its activities as a developer, publisher, and marketer of interactive entertainment. Headquartered in New York City and operating principally through Rockstar Games, 2K, and Zynga, the company regularly issues updates on financial performance, product launches, partnerships, and corporate governance.
News for TTWO often centers on quarterly financial results and outlooks. The company publishes earnings releases that discuss Net Bookings, recurrent consumer spending, GAAP net revenue, and non-GAAP measures such as EBITDA, along with management commentary on the performance of core franchises and expectations for future periods. These announcements are typically accompanied by conference call details and slide decks referenced in SEC filings.
Another major category of Take-Two news involves game and content releases across its labels. Recent press releases have highlighted titles such as NBA 2K26, Borderlands 4, Mafia: The Old Country, and updates to Grand Theft Auto Online, as well as Zynga initiatives like Zynga Poker launching on Steam. These items describe platforms, editions, gameplay features, and post-launch content plans for console, PC, and mobile audiences.
Investors and followers of TTWO can also expect coverage of corporate events and governance matters, including announcements about the timing and format of the annual meeting of stockholders, investor presentations, and changes to incentive or deferred compensation plans disclosed via Form 8-K. Together, these updates provide insight into Take-Two’s operational focus, franchise activity, and corporate decision-making.
For those tracking TTWO, this news stream offers context on how the company’s labels, franchises, and financial metrics evolve over time. Regularly reviewing Take-Two’s news can help readers understand developments in its interactive entertainment portfolio and the factors management highlights in its public communications.
2K and Hangar 13 have announced Mafia: The Old Country, a new entry in the critically-acclaimed action-adventure franchise set to launch in 2025. The game will be available on PlayStation 5, Xbox Series X|S, and PC via Steam. Set in 1900s Sicily, it explores the origins of organized crime with a gritty mob story. The Mafia franchise has sold over 34 million copies across platforms and is praised for its rich narratives and period-appropriate settings. Nick Baynes, President of Hangar 13, emphasized the game's focus on a deep, linear narrative and classic mob movie feel. More details about the game will be unveiled in December 2024.
2K and Gearbox Software have officially announced Borderlands® 4, set to launch in 2025 on PS5®, Xbox Series X|S, and PC. The game, available for wishlisting now, was revealed at gamescom's Opening Night Live with a teaser trailer showcasing a new planet. As the fourth mainline title and seventh overall entry in the franchise, players will once again take on the role of a Vault Hunter.
The Borderlands franchise has sold-in over 87 million copies to date. Randy Pitchford, founder of Gearbox Entertainment Company, expressed ambitious plans for Borderlands 4, promising to elevate the game to new levels. The series is noted for its unique guns, unforgettable characters, and deep world-building. 2K's Core Games Senior VP, Catharina Lavers Mallet, highlighted the franchise's significance and the growing partnership with Gearbox.
Take-Two Interactive Software (NASDAQ:TTWO) reported fiscal Q1 2025 results ended June 30, 2024. Key financial metrics include Net Bookings of $1.22 billion, a 1% increase YoY, and GAAP net revenue of $1.34 billion, up 4% YoY. Despite these gains, the company reported a GAAP net loss of $262.0 million ($1.52 per share), higher than last year's loss of $206.0 million ($1.22 per share).
The top revenue contributors were NBA 2K24, Grand Theft Auto Online, Grand Theft Auto V, and other mobile gaming titles. Recurrent consumer spending, which includes virtual currency and in-game purchases, accounted for 83% of total Net Bookings and 82% of GAAP net revenue.
Looking ahead, Take-Two updated its fiscal 2025 guidance, reiterating Net Bookings outlook of $5.55 to $5.65 billion. The company expects sequential increases in Net Bookings for fiscal 2026 and 2027, driven by its development pipeline and growth opportunities.
Zynga, a Take-Two Interactive Software (NASDAQ: TTWO) subsidiary, has launched Game of Thrones: Legends, a mobile RPG puzzle game featuring content from the Game of Thrones and House of the Dragon series. The game is now available worldwide on the App Store and Google Play. Kit Harington, known for his role as Jon Snow, stars in the launch trailer, returning to the franchise in a comedic marketing campaign.
The game allows players to build their own Westeros house, assemble a team of champions, and engage in strategic battles. Key features include missions across Westeros, iconic character upgrades, and various game modes. The launch is supported by a marketing campaign featured on Max and during new episodes of House of the Dragon.
Take-Two Interactive Software (NASDAQ: TTWO) will report its fiscal year 2025 first-quarter financial results on August 8, 2024, after market close. The results, covering the period ending June 30, 2024, will be discussed in a conference call at 4:30 p.m. Eastern Time, accessible via phone or a live webcast on the company's investor relations website. Take-Two, headquartered in New York City, is a major developer and publisher of interactive entertainment, delivering products through brands like Rockstar Games, 2K, Private Division, and Zynga. Their offerings span console systems, PC, and mobile platforms, available via physical retail, digital downloads, online platforms, and cloud streaming services.
2K has announced the release of NBA 2K25, featuring NBA Champion Jayson Tatum, two-time WNBA MVP A’ja Wilson, and Hall-of-Fame legend Vince Carter as cover athletes. NBA 2K25 will be available globally on September 6, 2024, on platforms including PlayStation 5, Xbox Series X|S, and PC. This edition marks the first time both NBA and WNBA athletes are featured on a dual global cover. Key enhancements include ProPLAY™ technology that delivers enhanced realism, crossplay on new-gen consoles, and new modes in MyCAREER and MyTEAM. Multiple editions of the game, including a special Hall of Fame Edition, are available for pre-order.
Take-Two Interactive Software (NASDAQ: TTWO) announced the pricing of a secondary public offering of 2,830,084 shares of its common stock held by Embracer Group AB at $154.50 per share. These shares were issued to Embracer on June 11, 2024, following Take-Two's acquisition of The Gearbox Entertainment Company. The offering is expected to close on June 14, 2024, with Goldman Sachs & Co. as the sole underwriter. Take-Two will not receive any proceeds from this offering. The offering is made under Take-Two's effective shelf registration statement filed with the SEC on June 11, 2024.
Take-Two Interactive Software (NASDAQ: TTWO) announced a secondary offering of 2,830,084 shares of its common stock, held by Embracer Group AB. These shares were issued to Embracer Group on June 11, 2024, following Take-Two's acquisition of The Gearbox Entertainment Company. This offering is strictly a resale, meaning Take-Two will not receive any proceeds. Goldman Sachs & Co. is the sole underwriter. The offering is made via Take-Two's effective shelf registration statement filed with the SEC. Investors are advised to read the prospectus and related documents filed with the SEC for comprehensive details.
Take-Two Interactive Software (NASDAQ: TTWO) has announced a $600 million Senior Notes offering. This includes $300 million of 5.400% Senior Notes due 2029 and $300 million of 5.600% Senior Notes due 2034. The proceeds will be used for general corporate purposes, including repaying $600 million of 3.550% Senior Notes due 2025. The offering is expected to close on June 12, 2024, subject to customary conditions. J.P. Morgan Securities and Wells Fargo Securities, are managing the offering. Detailed documents are available on the SEC's website.
Zynga, a subsidiary of Take-Two Interactive Software (NASDAQ: TTWO), announced the upcoming launch of its new RPG puzzle game, Game of Thrones: Legends, set for worldwide release on July 25, 2024. Pre-registration is now open on the App Store and Google Play, offering special in-game rewards for early adopters. The game combines the rich lore and characters from HBO's Game of Thrones and House of the Dragon series, featuring epic puzzle battles and strategic gameplay. Players will lead their own Westeros house and can claim Epic Champion Robert Baratheon by completing the first chapter within the first week of launch. The game's first trailer, showcasing its engaging premise, is now available for viewing.
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