Take-Two Interactive Software Shares Surge 13.4%

By Tamara Parker • Friday, February 07 10:21 • Permanent Link

Take-Two Interactive Software, Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial condition and operations. Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company's diverse portfolio includes popular franchises such as Grand Theft Auto, LA Noire, Max Payne, Midnight Club, Red Dead Redemption, BioShock, Mafia, Sid Meier's Civilization, XCOM series, Borderlands, NBA 2K series, WWE 2K, and many others. Its products are designed for console gaming systems, personal computers, and mobile devices, and are distributed through physical retail, digital download, online platforms, and cloud streaming services.

In its 10-Q report, Take-Two Interactive Software, Inc. discussed the management's analysis of the financial condition and results of operations. The company emphasized its strategy to be the most creative, innovative, and efficient company in the evolving interactive entertainment industry. It aims to create high-quality, engaging interactive entertainment franchises that captivate a global audience. The report highlighted that the company derives substantially all of its revenue from the sale of its interactive entertainment content, including the sale of software titles, in-game virtual items, advertising, and live services on console, PC, and mobile.

The report also provided an overview of the company's key business segments, including Rockstar Games, 2K, Zynga, and Private Division. Rockstar Games, known for its iconic Grand Theft Auto series, is expected to release Grand Theft Auto VI in the fall of calendar year 2025. 2K, on the other hand, has expanded its offerings to include new franchises and continues to develop successful titles such as NBA 2K, WWE 2K, and PGA TOUR 2K. Zynga publishes popular free-to-play mobile games and aims to have numerous games in concept development for soft and worldwide launches.

Furthermore, the report discussed the company's international expansion initiatives, particularly in Asia, the Middle East, and Latin America. Take-Two Interactive Software, Inc. is focused on increasing its presence in these regions and has secured a multi-year license from the NBA to develop an online version of its NBA simulation game in China, Taiwan, Hong Kong, and Macau.

The report also outlined various trends and factors affecting the company's business, including the impact of product release schedules, the economic environment, retailer performance, hardware platforms, and online content and digital distribution. Notably, the company highlighted that a significant portion of its revenue is derived from digital online channels, comprising 96.4% of its net revenue for the nine months ended December 31, 2024.

Today the company's shares have moved 13.4% to a price of $207.69. For more information, read the company's full 10-Q submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.