Take-Two Interactive Software Stock Price, News & Analysis

Kerbal Space Program 2 is now available in Early Access for $49.99 on platforms like Steam and Epic Games Store. This sequel to the original game, which sold over 5 million units, introduces new features including over 350 parts, enhanced visuals, and interactive tutorials. Upcoming updates will include colonies, interstellar travel, and multiplayer modes. The game aims to expand with future technologies and community feedback, laying a foundation for ongoing development. The partnership with Logitech G enhances the gaming experience through deeper immersion with their peripherals.

Heather Hazen has been promoted to Studio Head at Firaxis Games, known for the Civilization and XCOM franchises. With 22 years in the gaming industry, including a tenure at Epic Games, Hazen aims to enhance Firaxis's strategy games. This change comes as former Studio Head Steve Martin departs after over 25 years. The studio is currently developing the next Civilization game, with Ed Beach continuing as Creative Director. Notably, Jake Solomon, a key figure behind XCOM, is also leaving. The Civilization franchise has sold over 65 million copies to date.

Take-Two Interactive Software (NASDAQ:TTWO) reported a 56% increase in GAAP net revenue for Q3 FY2023, reaching $1.41 billion, driven by strong performance in titles like NBA 2K23 and Grand Theft Auto. Despite this growth, the company reported a GAAP net loss of $153.4 million or $0.91 per share, compared to a profit of $144.6 million in the previous year. Adjusted Unrestricted Operating Cash Flow was $122.9 million, down from $278.7 million last year. The company revised its fiscal year 2023 Net Bookings guidance to $5.2-$5.25 billion amidst challenging market conditions and is implementing cost reduction measures targeting over $50 million in savings.

2K has announced the upcoming release of WWE 2K23, set to launch on March 14, 2023, for multiple platforms including PS5, PS4, Xbox, and PC. The game features music star Bad Bunny, enhanced gameplay, and new modes such as WarGames. John Cena, celebrating his WWE 20th anniversary, graces the cover. Players can expect a deep roster of Superstars, including Roman Reigns and Brock Lesnar, alongside innovative features like the 2K Showcase and expanded MyGM and MyFACTION modes. Pre-order bonuses include exclusive content like the Bad Bunny Bonus Pack.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) plans to report its third-quarter fiscal results for 2023 on February 6, 2023, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results, accessible via phone or a live webcast. The company is a leading interactive entertainment developer and publisher, with products for consoles, PC, and mobile platforms, operating under renowned labels like Rockstar Games and Zynga.

The Minnesota Timberwolves have partnered with Wisdom Gaming to establish a new facility for their official esports team, T-Wolves Gaming, at Wisdom Gaming Studios in Mall of America, starting in 2023. This collaboration aims to blend traditional sports with esports, expanding T-Wolves Gaming's audience beyond basketball fans. The new space will feature exclusive Timberwolves merchandise and enhance player and fan interaction. Wisdom Gaming is a notable player in esports, providing comprehensive services for gaming events and community engagement.

Reset Digital has appointed Nate V. Rackiewicz as Chief Data Officer to spearhead data and analytics strategy. Previously, he served as Chief Data Officer for Gannett (NYSE: GCI), where he led data initiatives across all business units. Rackiewicz is known for building analytics capabilities at Take-Two Interactive (NASDAQ: TTWO) and innovating at HBO. His leadership is expected to enhance Reset Digital's unique Neuroprogrammatic advertising platform, addressing the trust deficit in the advertising space while providing inclusive outcomes for diverse audiences.

After Us, an exploration adventure game developed by Piccolo Studio and published by Private Division, is set to launch in Spring 2023 on PC, PlayStation 5, and Xbox Series X|S. Players will embody Gaia, the Spirit of Life, in a post-human world aimed at restoring hope by saving the souls of extinct animals. The game features ten unique biomes and combines impactful storytelling with innovative gameplay mechanics. The MSRP is set at $29.99. This title follows the successful release of Arise: A Simple Story, showcasing advancements in creative game design.