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Investors in Take-Two Interactive Software (NASDAQ: TTWO) just leveled up. Wall Street is looking past the company's current losses and management's prediction for slow growth this fiscal year and focusing on the brighter future. Take-Two is planning for massive improvement over the next several years thanks to a packed pipeline of game releases.
NEW YORK, May 23, 2023--Private Division and Piccolo Studio are proud to announce that After Us is now available on PC, PlayStation 5, and Xbox Series X|S. Explore a surrealistic world as Gaia, the Spirit of Life, in a quest to restore a bleak and broken planet by reviving the spirits of animals. This third-person adventure game combines platforming, puzzle solving, and Piccolo Studio’s signature style of emotional storytelling to create an unforgettable experience. Will you be able to fight bac
Activision Blizzard, Take-Two Interactive Software and Hasbro have been highlighted in this Industry Outlook article.
After sliding last year with the market sell-off, Take-Two Interactive (NASDAQ: TTWO) has rebounded 34% so far in 2023. Since launching Grand Theft Auto V in September 2013, the stock has soared 674%, significantly beating the S&P 500 index over that decade. Take-Two expects to deliver a record $8 billion in bookings (a non-GAAP measure of revenue) and $1 billion in adjusted unrestricted operating cash flow.
Nintendo (OTC: NTDOY) and Take-Two Interactive (NASDAQ: TTWO) represent two very different ways to invest in the video game market. Nintendo produces video game consoles and publishes its own games, and it develops family-friendly franchises like Mario, Zelda, Donkey Kong, and Metroid. Take-Two is smaller than Nintendo, doesn't sell any consoles, and primarily targets older gamers with its Grand Theft Auto, Borderlands, Red Dead, Mafia, WWE 2K, and NBA 2K franchises.
NEW YORK, May 19, 2023--Today, 2K Games and the LEGO Group announced LEGO® 2K Drive, the ultimate AAA driving adventure game, is now available worldwide for Nintendo SwitchTM, PlayStation®5 (PS5™), PlayStation®4 (PS4™), Xbox Series X|S, Xbox One, and PC via Steam and Epic Games Store. Check out the high octane launch trailer packed with LEGO fun here.
Shareholders of Take-Two Interactive Software (NASDAQ: TTWO) have had a great week. The video game developer's stock was up 11% through Thursday trading compared to a 1.8% boost in the S&P 500. Standout franchises contributing to this growth included NBA 2K23, Grand Theft Auto, and several casual titles such as Toon Blast and Words With Friends.
NEW YORK, May 18, 2023--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (the "Company") announced today that it commenced a cash tender offer (the "Tender Offer") to purchase up to $500 million aggregate principal amount (the "Tender Cap") of its outstanding 3.300% Senior Notes due 2024 (the "Notes").
Take-Two's (TTWO) fourth-quarter fiscal 2023 results benefit from robust portfolio strength, driving Game and advertising revenues.
Popular titles from Electronic Arts-owned "FIFA" to Activision Blizzard's "Call of Duty" are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth. Take-Two Interactive Software Inc on Wednesday rounded off a strong March quarter for the sector that saw its three major players post net bookings growth of between 11% and 66%. "While consumers continue to exercise restraint with their purchasing behaviors, they prioritize blockbuster franchises and titles that offered great value," Take-Two CEO Strauss Zelnick said on an earnings call.
Take-Two Interactive Software (NASDAQ: TTWO), maker of the popular Grand Theft Auto video game franchise, put pedal to the metal Thursday morning and raced ahead 10.7% through 9:45 a.m. ET after beating earnings last night. Analysts were looking for a $0.68-per-share (pro forma) profit from Take-Two Interactive in its fiscal Q4 2023, but Take-Two actually reported a profit of $0.85, adjusted for one-time items. Despite growing sales 56% year over year (to $1.45 billion), Take-Two ended Q4 with a $3.62-per-share loss, versus last year's Q4 profit of $0.95 per share.
Yahoo Finance Live discusses the rise of Take-Two stock around earnings beat, the company's new video game releases, and the video game demand amid the economic slowdown.
Investing.com -- Stocks were mixed after earnings from Walmart (NYSE:WMT) and Cisco as investors watched for signs the debt ceiling debate was nearing an agreement. Here are the market movers for May 18.
Q4 2023 Take-Two Interactive Software Inc Earnings Call
It is now my pleasure to introduce your host, Nicole Shevins, senior vice president of IR and corporate communications. Thank you for joining our conference call to discuss our results for the fourth quarter and fiscal year 2023 ended March 31, 2023. Today's call will be led by Strauss Zelnick, Take-Two's chairman and chief executive officer; Karl Slatoff, our president; and Lainie Goldstein, our chief financial officer.
Although the revenue and EPS for Take-Two (TTWO) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Take-Two (TTWO) delivered earnings and revenue surprises of 25% and 4%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Gains for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all topped 1%, bouncing back from weakness earlier in the week. The latest financial results from Cisco Systems (NASDAQ: CSCO) and Take-Two Interactive Software (NASDAQ: TTWO) got very different reactions from shareholders, but both showed a combination of positive and negative factors that are affecting businesses across the economy. Shares of Cisco Systems fell almost 4% in after-hours trading late Wednesday.
These are the stocks moving in after-hours on Wednesday, May 17, 2023.
Yahoo Finance's Seana Smith reports on the performance of trending stocks in the closing hour, including Take-Two Interactive and Cisco.
NEW YORK, May 17, 2023--Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported results for the fourth quarter and its fiscal year 2023, ended March 31, 2023. Fourth quarter and full-year results include the Company's combination with Zynga, which closed on May 23, 2022, and affects the comparability of its results relative to last year. In addition, the Company provided its initial outlook for fiscal year 2024, ending March 31, 2024, and fiscal first quarter 2024, ending June 30, 2023.
Investing.com -- Stocks were wobbling on Tuesday as investors await news on negotiations between lawmakers on raising the nation's debt ceiling, as the deadline for the U.S. to avoid a possible default draws swiftly near.
Take-Two's (TTWO) fiscal fourth-quarter performance is expected to be dented by rising operating expenses despite growing product pipeline.
Take-Two (TTWO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, May 09, 2023--Private Division, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), today announced a partnership to publish a new title from Game Freak. Founded in 1989, the Japanese development company has created dozens of hit games, including more than 30 entries in the Pokémon franchise, which is widely recognized as one of the best-selling game series of all time. Private Division will publish a brand-new action-adventure IP from Game Freak, codenamed Projec