Latest news with #Take-TwoInteractiveSoftware
Axios
17-07-2025
- Sport
- Axios
Tamika Catchings, WNBPA and 2K team up for Riverside rebirth
One of the most meaningful basketball courts Tamika Catchings has ever stepped foot on has been given a fresh start to inspire a new generation of Indy ballers and philanthropists. Why it matters: The refurbished court at Riverside Park is the latest improvement for the long-underutilized Indy attraction spanning both sides of the White River. The court was funded by 2K Foundations, the charitable arm of Take-Two Interactive Software, Inc. Driving the news: Catchings, Indiana Fever guard Sydney Colson, WNBPA executive director Terri Jackson and 2K's head of lifestyle and content marketing Ronnie 2K gathered with the community for a court unveiling Thursday morning. Flashback: The court is special to Catchings because it is where she hosted her first youth basketball camp in December 2001 after being sidelined with a torn ACL. In addition to basketball skills, the free camp taught children about philanthropy by asking them to bring in canned goods that would be donated to Gleaners as their price for admission. "This is where it all began. So it's always going to have a big place in my heart, and it's somewhere that I wanted to come back to," Catchings told Axios. Similar to Catchings championing philanthropy 24 years ago, 2K Foundations has leveraged the massive brand identity established by the NBA2K games to reinforce the importance of doing good. "That's what this is really about … trying to inspire the next generation to fall in love with basketball, just like I did as a kid, and then be able to pay it back down the road," Ronnie 2K said. What's new: Riverside's court now features an official WNBA three-point line, a nod to the WNBA's "Line 'Em Up" effort to bring regulation three-point lines to community courts across the country. The bottom line: For the kids who will play at Riverside, and for Catchings, this is much more than a court; it's a symbol of endless possibility. "It really is about dreaming big. You're bigger than this neighborhood," Catchings said. "And yes, come back to the neighborhood. Never forget where you came from. But know that whatever you want to achieve or wherever you want to go, you've got people that want to help you succeed."
Yahoo
16-07-2025
- Business
- Yahoo
Should You Buy Take-Two Stock Around $235?
Take-Two stock is rising on high sales expectations for an upcoming release. Analysts expect sales of "Grand Theft Auto VI" to lift Take-Two's revenue by 52% in fiscal 2027. Strong sales of add-on content and in-game spending could lead to significantly higher margins and earnings. 10 stocks we like better than Take-Two Interactive Software › Investors are keen on Take-Two Interactive's (NASDAQ: TTWO) prospects with the blockbuster release of Grand Theft Auto VI less than a year away. The Grand Theft Auto franchise has become a cornerstone of pop culture and has been one of the best-selling video game series of all time. Scheduled to debut on May 26, 2026, the newest installment will tap into a huge fanbase that's anxious to jump into a new adventure -- it has been 12 years since the previous release of Grand Theft Auto V. The featured song in the release trailer for the upcoming title saw an 182,000% increase in the number of streams on Spotify, while the trailer itself was viewed over 475 million times in the first 24 hours. Anticipation for the game is sky-high, and Take-Two stock is up 27% year to date, as of this writing. Though the new release is still a year away, the substantial windfall it can offer Take-Two's business justifies buying the stock now, and growth estimates from Wall Street analysts seem to echo this sentiment. Here's what you need to know. From a valuation perspective, Take-Two stock is clearly priced for growth. It currently trades at a forward price-to-earnings (P/E) ratio of 87 based on earnings estimates for the current fiscal year (ending Mar. 31, 2026). That multiple drops to 25 for fiscal 2027, based not just on expectations for Grand Theft Auto (GTA) but also strong sales across Take-Two's large catalogue of titles. Take-Two has two upcoming releases this year that should also deliver strong sales: Borderlands 4 and Mafia: The Old Country. Borderlands is the bigger franchise, with the previous installment selling 22 million units. Management's fiscal 2026 outlook calls for net bookings to grow roughly 5% over fiscal 2025, to a range $5.9 billion to $6.0 billion. Nearly half of bookings are expected to come from Zynga's mobile titles, with another 39% coming from the 2K label and 16% from Rockstar Games, which includes sales of the current GTA title. Fiscal 2027 will be the first year to include sales of GTA VI. Management doesn't offer specific revenue guidance this far out, but Wall Street analysts currently expect revenue to grow 52% over fiscal 2026 to reach a record $9.1 billion. For perspective, the previous release grew revenue 98% in Take-Two's fiscal 2014, and it supported a decade of growth for the business. Take-Two could be looking at a strong five-year stretch of growth, at a minimum. Wall Street analysts currently project revenue will reach $10.9 billion by fiscal 2030, implying a five-year compound annual growth rate of 14%. The company is executing a long-term growth strategy that extends beyond GTA VI as well. It has 25 titles planned for release through fiscal 2028, including releases for existing franchises, five sports simulation games, and four mobile titles. This should further pad its top-line momentum. What's really going to move the stock is earnings. Three quarters of Take-Two's bookings come from recurrent consumer spending, including virtual currency, add-on content updates to existing games, and in-game advertising. This revenue is very accretive to margins and earnings, and Take-Two has mastered the art of keeping players spending time with GTA V for the last decade through Grand Theft Auto Online. GTA VI should be able to drive similar growth in recurrent consumer spending. Analysts expect Take-Two's adjusted earnings to grow at an annualized rate of 39% over the next five years, reaching $16.03 per share. If the stock is still trading at 25 times earnings, that would put the share price at $400. Even allowing for some margin of error in analysts' estimates, this top video game stock still offers upside from the current $234 share price. However, investors need to keep in mind that release dates for games are not set in stone. GTA VI was originally scheduled to release this year, but it was pushed back to give the developers more time to polish the game. Given this uncertainty, which tends to result in greater volatility for the stock, I would keep any position in Take-Two small and then buy more shares on any dips. Before you buy stock in Take-Two Interactive Software, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Take-Two Interactive Software wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 14, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology and Take-Two Interactive Software. The Motley Fool has a disclosure policy. Should You Buy Take-Two Stock Around $235? was originally published by The Motley Fool
Business Wire
10-07-2025
- Business
- Business Wire
Take-Two Interactive Software, Inc. to Report First Quarter
NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for its first quarter of Fiscal Year 2026, ended June 30, 2025, after the market close on Thursday, August 7, 2025. The Company plans to hold a conference call to discuss its results at 4:30 p.m. Eastern Time, which can be accessed by dialing (888) 596-4144 or (646) 968-2525 (conference ID: 9711440). A live, listen-only webcast and a replay of the call will be available at About Take-Two Interactive Software Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. The Company develops, operates, and publishes products principally through Rockstar Games, 2K, and Zynga. Our products are currently designed for console gaming systems, PC, and mobile, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. All trademarks and copyrights contained herein are the property of their respective holders.
Yahoo
18-06-2025
- Business
- Yahoo
Take-Two Stock Is Crushing the Nasdaq in 2025. Is It a Buy?
Investors are bullish on Take-Two's growth prospects, sending the stock up 27% year to date. This leading game maker is preparing to launch several releases over the next few years. At the current valuation, investors are anticipating Take-Two's margins to increase significantly in the coming years. 10 stocks we like better than Take-Two Interactive Software › Take-Two Interactive (NASDAQ: TTWO) stock is up 27% year to date, significantly outperforming the broader market. By comparison, the Nasdaq Composite (NASDAQINDEX: ^IXIC) is up just 0.59% at the time of writing. The maker of the uber-popular series Grand Theft Auto (GTA) reported outstanding financial results to cap off fiscal 2025 (ending in March). The momentum is noteworthy as Take-Two prepares to launch a series of new releases in the coming years, including GTA VI, to grow the business. However, it's always important to have an understanding of what you're actually paying for at the current share price. With the stock trading at higher multiples of sales and earnings, can investors buying shares today expect a good return on their investment? Take-Two is hitting a nice stride as management executes against its long-term strategy to grow the business. The company's non-GAAP (adjusted) revenue, or bookings, grew 6% year over year in fiscal 2025, with bookings up 17% in the most recent quarter. Its strategy of focusing on building player relationships from releasing live updates to existing franchises is paying off. Bookings from players spending money on virtual currency and other content while playing games, or "recurrent consumer spending," accounted for 80% of bookings in fiscal 2025. Take-Two just released Sid Meier's Civilization VII for the Nintendo Switch 2 in early June, with several other titles from existing franchises planned over the next year. For fiscal 2026, management is guiding for bookings to increase 6% over fiscal 2025 to approximately $6 billion. The big one -- GTA VI -- is scheduled for release on May 26, 2026. Given the 215 million copies the current version of the game has sold since 2013, Wall Street anticipates blockbuster sales, with current estimates calling for Take-Two's bookings to hit $9 billion in fiscal 2027. Take-Two has delivered strong growth for shareholders over the last 10 years. Its generally accepted accounting principles (GAAP) revenue grew at an annualized rate of 18%, which includes the acquisition of mobile game maker Zynga in fiscal 2023, although the company's profits and free cash flow have taken a hit since that acquisition. However, Take-Two has a history of growing its earnings and free cash flow, and that is very much on the table going forward. Take-Two is following a long-term strategy to expand its portfolio of games, grow recurrent consumer spending, and scale the business to spread more revenue over costs and expand margins. During the last earnings call, management stated there is no reason the business can't reach a low to mid-20% operating margin like it achieved during the pandemic. This is what Wall Street analysts are expecting, with projected annual earnings growth at 36% for the next several years. Given the expectation for higher margins and earnings growth, the stock is trading at its highest price-to-sales multiple since its previous peak margins during the pandemic. It's also trading at a high forward price-to-earnings multiple of 87. But sales and earnings multiples don't tell the whole story about a company's intrinsic value. To reverse engineer the expectations implied in the current $235 share price, I plugged in some numbers to a discounted cash flow model. I assumed the company's revenue would grow at double-digit annual rates to reach $18 billion by 2035, with the operating margin reaching 25%. Using a 10% discount rate and a 4% terminal growth rate beyond year 10, Take-Two's intrinsic value is $236. Those are the financial targets Take-Two needs to achieve to justify the current share price. For the stock to be considered a screaming buy right now, you have to make more aggressive growth projections. To justify a fair value of $300, Take-Two would have to either achieve an operating margin in the 30% range or grow its revenue to $25 billion. Take-Two stock rocketed over 1,000% following the previous GTA launch in 2013, but that's because investors significantly underestimated the sales and profits from that release. Investors have wised up to the potential of GTA VI and priced the stock accordingly. The stock is still a buy for someone that can be satisfied with a more modest return. But given the current valuation, I wouldn't buy it if you're expecting significant outperformance relative to the broader market. Before you buy stock in Take-Two Interactive Software, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Take-Two Interactive Software wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Take-Two Interactive Software. The Motley Fool recommends Nintendo. The Motley Fool has a disclosure policy. Take-Two Stock Is Crushing the Nasdaq in 2025. Is It a Buy? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Where Will Take-Two Stock Be in 3 Years?
Buzz is building for the next release in the Grand Theft Auto series -- one of the bestselling video game franchises of all time. Wall Street analysts project Take-Two's adjusted revenue to hit $9 billion in two years. The stock's valuation could support more upside for shareholders. 10 stocks we like better than Take-Two Interactive Software › Shares of Take-Two Interactive (NASDAQ: TTWO) have been trending higher over the past year. The company has reported solid sales from its roster of video game franchises, led by one of the most popular brands in gaming, Grand Theft Auto. Take-Two stock is gaining attention on Wall Street as the launch date of the next installment in the Grand Theft Auto series emerges on the horizon. Grand Theft Auto V, the current iteration of the series, was released in 2013 and has sold over 215 million copies. The stock doubled within three years of that release and went on to deliver an incredible 1,230% to date. Should you buy the stock now? While Grand Theft Auto VI is currently slated to release in May 26, 2026, there appears to be tremendous pent-up demand from players. We'll take a look at how much revenue Grand Theft Auto VI (GTA VI) could generate for Take-Two over the next few years and where the stock could trade by 2028. The GTA series has seen several releases over the last few decades. It is one of the best-selling franchises of all time, selling a cumulative 450 million copies. Each new release has expanded the popularity of the series. With the current version of the game selling significantly more copies than previous releases, the next release will be selling into a huge built-in fan base. The viewership numbers of the second trailer released for GTA VI were a record 475 million within the first 24 hours, fueling high expectations for sales. The 2013 launch of GTA V was a milestone event for Take-Two's financials. The company's revenue nearly doubled from $1.2 billion to $2.3 billion in fiscal 2014. Considering the game's growth in popularity, the next release could generate even higher sales. Wall Street's consensus estimate has Take-Two's non-GAAP revenue, or bookings, hitting $9 billion by fiscal 2027 (which ends in March), up from $5.6 billion for the recent fiscal year. There's always a risk that a video game's release could have lower-than-expected sales. But new releases for existing franchises are generally safe bets, especially a franchise of this magnitude. Management credited strong player interest in the current GTA game for contributing to the 17% year-over-year increase in bookings last quarter. The stock could outperform the broader market over the next three years. It trades at a price-to-sales (P/S) multiple of 7, which is below the 8.5 sales multiple that Microsoft paid for Activision Blizzard a few years ago. With Take-Two on the verge of record sales, you could argue the stock is undervalued. Assuming the stock continues to trade around the same P/S multiple, the share price could climb in proportion to the company's revenue and bookings, which tend to parallel each other. The fiscal 2027 bookings estimate is 60% higher than Take-Two's trailing-12-month bookings, and analysts expect a slight dip in sales without a major release in fiscal 2028. Overall, investors can reasonably expect the stock to return around 50% from current share prices over the next three years. But investors should also consider the downside scenario if GTA VI sales don't pan out. The stock traded under 4 times sales in the 2022 bear market, which is a peak scenario for investor pessimism. If Take-Two's bookings come in $1 billion short of expectations, or $8 billion in fiscal 2027, which would be a severe miss, and the stock is trading at 4 times sales, that would lead to over 20% downside from the current $225 share price. A bigger sales miss would add to the downside, but I believe Take-Two is more likely to exceed rather than miss estimates. Rockstar Games, the Take-Two subsidiary that develops GTA, has a sterling reputation for releasing quality gaming experiences that are entertaining for players. The stock is not a screaming buy, but it has a good chance of outperforming the broader market. Keep in mind, management has several other releases planned to drive shareholder returns. It's also focused on being disciplined in managing costs to improve profit margins, so Take-Two could be a rewarding investment for the next few years and beyond. Before you buy stock in Take-Two Interactive Software, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Take-Two Interactive Software wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft and Take-Two Interactive Software. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Where Will Take-Two Stock Be in 3 Years? was originally published by The Motley Fool Sign in to access your portfolio
