‘Grand Theft Auto' Delay Fails to Dent Take-Two Investor Zeal
The shares are trading 2.4% shy of a record reached earlier this month, despite the company pushing back the release of the sixth installment in the wildly popular franchise to next year. A key reason: excitement is running high about other games in the company's pipeline, including Borderlands 4, that are expected to be blockbusters.
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Business Wire
13 hours ago
- Business Wire
Your Poker Crew Just Got Bigger: Zynga Poker Launches on Steam
SAN MATEO, Calif.--(BUSINESS WIRE)-- Zynga Inc., a wholly-owned publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) and a global leader in interactive entertainment, today announced that Zynga Poker, one of the largest and longest-running, free-to-play poker games, is now available to play on Steam with full crossplay functionality. Launched in 2007 as Zynga's first-ever game, the legendary title is raising the stakes as the label's first game to launch on Steam. With one account, players can now move freely between mobile (iOS and Android), web browsers at and now PC via Steam. For almost 18 years, Zynga Poker has been the go-to destination for millions of poker fans around the world, no matter the platform – from Facebook to mobile and now to Steam. Zynga Poker lets anyone jump in and play, delivering action-packed gameplay that brings an authentic experience straight to your screen. On Steam, the game showcases the same high-stakes energy and fresh features players know and love, including rotating poker modes and Multi-Table Tournaments. Existing players can pick up right where they left off, with collections, events, and friends carrying over for seamless cross-platform support. Watch Launch Trailer Here. 'Since day one, Zynga's mission has been to connect the world through games, and with Zynga Poker, it's always been about delivering the best Texas Hold'Em experience possible to players, whenever and wherever they're playing,' said Yaron Leyvand, Executive Vice President, Mobile Games, Zynga. 'Bringing Zynga Poker to Steam gives our audience a chance to play, compete, and connect on the largest PC platform. This milestone reflects our awesome community that's kept the virtual tables full for nearly two decades.' First-time players logging in via Steam will be rewarded up to 26,000,000 in-game chips, giving poker fans a solid stack to try their hand on the new platform. Challenge your Steam friends, keep your poker action all in one place, and experience the same trusted gameplay. Join in on the action and download Zynga Poker on Steam now! To find supporting assets, click here. Zynga is a wholly-owned publishing label of Take-Two Interactive Software, Inc. About Zynga, Inc. Zynga is a global leader in interactive entertainment with a mission to connect the world through games and a wholly-owned subsidiary of Take-Two Interactive Software, Inc. (NASDAQ: TTWO). With massive global reach in more than 175 countries and regions, the combined diverse portfolio of popular game franchises has been downloaded more than 10 billion times on mobile, including CSR Racing™, Dragon City, Empires & Puzzles™, FarmVille™, Game of Thrones: Legends, Golf Rival™, Hair Challenge™, Harry Potter: Puzzles & Spells™, High Heels!™, Match Factory, Merge Dragons!™, Merge Magic!™, Monster Legends, Screw Jam, Seat Away, Toon Blast™, Top Eleven, Toy Blast™, Two Dot s, Words With Friends™, and Zynga Poker™. Founded in 2007, Zynga is headquartered in California with locations in North America, Europe, and Asia. For more information, visit or follow Zynga on X, Instagram, Facebook, or the Zynga blog 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. We develop and publish products principally through Rockstar Games, 2K, and Zynga. Our strategy is to create hit entertainment experiences, delivered on every platform relevant to our audience through a variety of sound business models. Our pillars - creativity, innovation, and efficiency - guide us as we strive to create the highest quality, most captivating experiences for our consumers. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at All trademarks and copyrights contained herein are the property of their respective holders. Cautionary Note Regarding Forward-Looking Statements The statements contained herein, which are not historical facts, including statements relating to Take-Two Interactive Software, Inc.'s ("Take-Two," the "Company," "we," "us," or similar pronouns) outlook, are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for our future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including risks relating to the timely release and significant market acceptance of our games; the risks of conducting business internationally, including as a result of unforeseen geopolitical events; the impact of changes in interest rates by the Federal Reserve and other central banks, including on our short-term investment portfolio; the impact of inflation; volatility in foreign currency exchange rates; our dependence on key management and product development personnel; our dependence on our NBA 2K and Grand Theft Auto products and our ability to develop other hit titles; our ability to leverage opportunities on PlayStation®5 and Xbox Series X|S; factors affecting our mobile business, such as player acquisition costs; and the ability to maintain acceptable pricing levels on our games. Other important factors and information are contained in the Company's most recent Annual Report on Form 10-K, including the risks summarized in the section entitled "Risk Factors," the Company's most recent Quarterly Report on Form 10-Q, and the Company's other periodic filings with the SEC, which can be accessed at All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Yahoo
2 days ago
- Yahoo
Take-Two Interactive: GTA VI unit sales estimates remain too low says analyst
-- Rothschild & Co Redburn said in a note Wednesday that consensus sales forecasts for Grand Theft Auto VI (GTA VI) remain 'too conservative,' particularly for the PC market, just nine months before release. The firm noted that consensus unit sales expectations are only marginally above GTA V levels, which it believes underestimates the opportunity given 'a larger base of eligible consoles,' the likelihood that 'former fans will return to the game,' 'unprecedented consumer interest with the latest trailer hitting 475 million views within just 24 hours,' and 'a much larger PC gaming market which should materially benefit GTA VI.' While consensus now assumes an $80 price tag, up from $70 for most AAA games, Rothschild & Co Redburn said '$80 seems very appropriate' given the title's scope and expected demand. 'Our confidence would be higher if it had been more widely adopted by other AAA games,' analysts wrote. The firm also stated that consensus amortization projections are too high in FY27 and too low in FY28 and FY29, implying potential upside to near-term profit forecasts. It expects a significant contribution from a new GTA VI Online and highlighted that about $700 million of capitalised costs relate to non-GTA projects, 'underlining the breadth and strength of the company's pipeline.' Rothschild & Co Redburn cited past examples where 'companies with upcoming transformational content tend to perform well ahead of release,' including CD Projekt RED before Cyberpunk 2077. The firm raised its price target for TTWO from $227 to $260, rolling forward to 26x CY27 earnings. It forecasts FY27 and FY28 earnings per share 6% and 18% above consensus, respectively. Related articles Take-Two Interactive: GTA VI unit sales estimates remain too low says analyst Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names If Powell goes, does Fed trust go with him? Sign in to access your portfolio
Business Insider
4 days ago
- Business Insider
3 Large-Cap Media and Entertainment Stocks with Strong Buy Ratings and Big Upside
In a mixed market, investors continue to look for stocks with high conviction from Wall Street. The three companies below each earn a Strong Buy consensus and offer double-digit upside based on average analyst price targets. They span social media, gaming, and live sports entertainment, sectors where user growth, content, and partnerships are driving sentiment. Let's dive in. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Pinterest Pinterest (PINS), a visual discovery and bookmarking platform for images and videos, has seen its shares fall over 10% after the company's latest earnings report, despite posting record user numbers and solid revenue growth. The company reached 570 million monthly active users, up 10% year-over-year, and Q1 revenue grew 16% to $855 million. Adjusted EBITDA came in at $172 million, with a focus on AI-powered visual search and international expansion. Analysts remain upbeat, with 29 ratings in the past three months and an average price target of $43.79, suggesting over 20% upside. The highest target stands at $50. Take-Two Interactive Software Take-Two (TTWO), a leading developer and publisher in the gaming and interactive entertainment sectors, delivered strong Q1 FY26 results, helped by record net bookings of $1.58 billion and momentum across NBA 2K25 and Zynga mobile titles. TTWO stock is up 18% year-to-date, while the company is preparing major launches, including Grand Theft Auto VI, and analysts see room for growth. Out of 20 recent ratings, 19 are Buys, with an average price target of $267.30, implying 23% upside. The top forecast reaches $285. TKO Group Holdings TKO (TKO), a holding company operating mainly in the entertainment and media sectors, reported a 10% revenue rise to $1.308 billion, led by strong UFC and WWE performance and boosted by new partnerships such as a 5-year ESPN media rights deal for WWE. While UFC live event revenue saw some pressure, the company's long-term outlook remains strong. TKO stock is up over 15% year-to-date, and holds a Strong Buy consensus. Out of 16 recent analysts' ratings, 12 rate it as a Buy, and the average price target is $195.79, implying 20% upside. The highest target is $225.
