TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)

Take-Two Interactive is a leading global developer, publisher, and marketer of interactive entertainment, operating primarily through three labels: Rockstar Games, 2K, and Zynga (having sold its Private Division label, including rights to substantially all of its titles, in October 2024). The company designs products for major console gaming systems (Sony PlayStation 4/5, Microsoft Xbox One/Series X|S, Nintendo Switch), PCs, and mobile devices (smartphones and tablets), delivering content through physical retail, digital download, online platforms, and cloud streaming. Rockstar Games, a wholly-owned label, is renowned for the Grand Theft Auto, Red Dead Redemption, L.A. Noire, Max Payne, and Midnight Club franchises, with Grand Theft Auto V having sold over 210 million units and Grand Theft Auto VI slated for release in May 2026.

The 2K label publishes titles spanning shooter, action, role-playing, strategy, sports, and family/casual genres, including BioShock, Mafia, Sid Meier's Civilization, XCOM, Borderlands, and Tiny Tina's Wonderlands (following the 2024 Gearbox Entertainment acquisition), as well as sports simulations such as NBA 2K, WWE 2K, PGA TOUR 2K, and TopSpin 2K. Zynga focuses on free-to-play mobile games, including Words With Friends, Zynga Poker, Toon Blast, FarmVille, and Harry Potter: Puzzles & Spells, along with numerous hyper-casual titles, monetized through in-game purchases and advertising. The company derives revenue from sales of internally developed and third-party software, in-game virtual items, advertising (primarily mobile), and live services across console, PC, and mobile platforms, supported by a substantial internal research and development staff across studios in Australia, Canada, China, the Czech Republic, Finland, Germany, Hungary, India, Serbia, South Korea, Spain, Turkey, the U.K., and the U.S. It maintains license agreements with Sony and Microsoft for console publishing rights and licenses select third-party brands, particularly in sports entertainment.

Take-Two sells its products globally through digital storefronts, platform partners, large retail customers, and third-party distributors, with sales operations in numerous countries; its five largest customers, including Apple, Sony, Google, and Microsoft, accounted for 81.0% of fiscal 2025 net revenue, and international sales represented 39.5% of net revenue for that year. The company competes with other interactive entertainment developers such as Electronic Arts, Ubisoft, Tencent, and Roblox, as well as console manufacturers and other entertainment media, and operates as a single reportable segment with a global workforce of approximately 12,928 full-time employees as of March 31, 2025.