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Take-Two Interactive Software Inc TTWO

Morningstar Rating
$158.96 +1.24 (0.79%)
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Company Report

Take-Two Earnings: GTA 6’s Constantly Shifting Release Date Is Concerning but Understandable

Take-Two pushed out the expected release date for Grand Theft Auto 6 to the fall of 2025, well into the firm's fiscal 2026. With a year and a half to release, further delays are certainly possible. As predecessor GTA 5 continues to sell around 5 million units per quarter a decade after its initial release, GTA 6 will likely serve as a platform to drive revenue far into the future. While continuing delays are a concern, getting the release right is also critical to Take-Two's long-term value. After incorporating management's new fiscal 2025 outlook and shifting GTA 6 sales further into the future, we have lowered our fair value estimate to $155 from $165.

Price vs Fair Value

TTWO is trading at a 255% premium.
Price
$158.96
Fair Value
$581.00
Uncertainty
High
1-Star Price
$118.91
5-Star Price
$42.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Take-Two has established large franchises, such as Borderlands and NBA 2K, while revitalizing older ones, such as Xcom.

Bears

Take-Two is still dependent on Grand Theft Auto; the failure of GTA 6 would spell disaster for the firm, given the high production cost.

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News

Trading Information

Previous Close Price
$157.72
Day Range
$155.94159.25
52-Week Range
$130.34171.59
Bid/Ask
$155.80 / $160.00
Market Cap
$27.82 Bil
Volume/Avg
1.2 Mil / 1.8 Mil

Key Statistics

Price/Earnings (Normalized)
87.27
Price/Sales
5.05
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by Grand Theft Auto and contains other well-known titles such as NBA 2K, Civilization, Borderlands, Bioshock, and Xcom. Zynga mobile titles include Farmville, Empires & Puzzles, and CSR Racing.
Sector
Communication Services
Industry
Electronic Gaming & Multimedia
Stock Style Box
Mid Core
Total Number of Employees
12,371

Competitors

Valuation

Metric
TTWO
RBLX
EA
Price/Earnings (Normalized)
87.2719.69
Price/Book Value
4.79313.614.82
Price/Sales
5.057.434.89
Price/Cash Flow
31.0416.36
Price/Earnings
TTWO
RBLX
EA

Financial Strength

Metric
TTWO
RBLX
EA
Quick Ratio
0.640.881.24
Current Ratio
0.941.071.37
Interest Coverage
−25.80−32.4326.22
Quick Ratio
TTWO
RBLX
EA

Profitability

Metric
TTWO
RBLX
EA
Return on Assets (Normalized)
−6.65%−7.35%13.42%
Return on Equity (Normalized)
−12.07%−312.07%24.03%
Return on Invested Capital (Normalized)
−7.92%−28.11%18.47%
Return on Assets
TTWO
RBLX
EA
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Electronic Gaming & Multimedia Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Nintendo Co Ltd
NTDOF
Bmnt$62.8 Bil
Nintendo Co Ltd ADR
NTDOY
Gjst$62.8 Bil
NetEase Inc Ordinary Shares
NETTF
Lprqxyx$59.5 Bil
NetEase Inc ADR
NTES
PcgdkhvHpgldg$59.5 Bil
Electronic Arts Inc
EA
KlgsvnzynHpgggnf$36.1 Bil
Roblox Corp Ordinary Shares - Class A
RBLX
SfybqzhhtkWrxsx$22.5 Bil
NEXON Co Ltd
NEXOF
Hyyy$15.4 Bil
NEXON Co Ltd ADR
NEXOY
Hncg$15.4 Bil
Bilibili Inc ADR
BILI
BhkjxkdDlmw$6.2 Bil

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