Take-Two Interactive Software, Inc. - Common Stock (TTWO)
198.03
-6.30 (-3.08%)
Take-Two Interactive is a leading developer and publisher of interactive entertainment products, primarily focused on video games
The company is renowned for its critically acclaimed franchises, including Grand Theft Auto, NBA 2K, and Red Dead Redemption, which are played on various gaming platforms such as consoles, PCs, and mobile devices. Take-Two is committed to delivering engaging and immersive gaming experiences, often incorporating cutting-edge technology and innovative storytelling within their titles. In addition to its core development studios, Take-Two also engages in strategic partnerships and acquisitions to expand its portfolio and enhance its presence in the gaming industry.
Take-Two Interactive Software Inc (NASDAQTTWO) shares are trading higher. The company on Monday announced that Rockstar Games will acquire Video Games Deluxe.
The highly anticipated launch of Grand Theft Auto VI from Take-Two Interactive Software and Nintendo’s upcoming Switch 2 console seem like lucrative opportunities for investors. Here is a brief overview of the ETFs in the space that are surging.
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Federal appeals court skeptical of Alphabet's efforts to overturn jury verdict in favor of Fortnite-maker Epic Games. Elon Musk's lawsuit against OpenAI to advance to trial, regarding their transition to a for-profit model. Earnings results from Spotify, Take-Two, and Palantir beat estimates. Apple faces criticism for limited watch faces and rumored product releases in March.
Shares of video game publisher Take Two (NASDAQTTWO)
jumped 15.3% in the afternoon session after the company reported strong fourth-quarter results and provided quarterly revenue guidance and full-year EPS outlook, which beat analysts' expectations. The company also confirmed its much-anticipated GTA VI title will come out in the fall of this year. The pipeline for the year is also stacked with popular titles, including Civilization VII, Mafia, and Borderlands 4. Management was upbeat about the outlook, with expectations for gradual improvements in net bookings in fiscal 2026 and 2027 as it rolls out its hit titles.
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Video game publisher Take Two (NASDAQTTWO) fell short of the market’s revenue expectations in Q4 CY2024 as sales only rose 1.6% year on year to $1.36 billion. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $1.57 billion at the midpoint, or 2.5% above analysts’ estimates. Its GAAP loss of $0.71 per share was 21.1% above analysts’ consensus estimates.
