TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)

Take-Two Interactive is a global developer, publisher and marketer of interactive entertainment. It develops, operates and publishes products mainly through three labels: Rockstar Games, 2K and Zynga. Its strategy is to create hit entertainment experiences on every platform relevant to its audience, using a range of business models. Most of its intellectual property is internally owned and developed, and it selectively licenses well-known brands, particularly in sports. It has one operating and reportable segment.

Rockstar Games publishes the Grand Theft Auto, Red Dead Redemption, L.A. Noire, Max Payne and Midnight Club franchises. The Grand Theft Auto series has sold in over 465 million units, Grand Theft Auto V has sold in over 225 million, and Red Dead Redemption 2 has sold in more than 80 million. Grand Theft Auto VI is planned for release on November 19, 2026. Rockstar also offers the GTA+ membership program. 2K publishes BioShock, Borderlands, Mafia, Sid Meier's Civilization, Tiny Tina's Wonderlands and XCOM, along with sports titles such as NBA 2K, WWE 2K, PGA TOUR 2K and TopSpin 2K, and mobile titles. Zynga publishes free-to-play mobile games, including Toon Blast, Empires & Puzzles, Words With Friends, Zynga Poker and CSR2, which earn revenue from in-game purchases and advertising. Products are built for consoles, PC and mobile, and span genres from action and shooter to casual, social casino and sports. Substantially all revenue comes from interactive entertainment content, including internally developed and third-party titles, virtual items, advertising and live services, plus post-launch content such as virtual currency and add-on content.

Products reach consumers through digital download, online platforms, cloud streaming and physical retail, through digital storefronts and platform partners, large retailers and distributors. The company also runs a direct-to-consumer platform, mainly for mobile. Its five largest customers accounted for 80.6% of net revenue in fiscal 2026, and Apple, Sony, Google and Microsoft each exceeded 10%. About 40.8% of net revenue came from outside the U.S. China is its most established market in Asia, where NBA 2K Online is offered through a partnership with Tencent, and it sees growth opportunities in Asia, the Middle East and Latin America. It has sales operations in Australia, Canada, Chile, France, Germany, Japan, Singapore, South Korea, Taiwan, the United Arab Emirates, the U.K. and the U.S.

Take-Two had 12,909 full-time employees as of March 31, 2026, of whom 9,998 work in development, and it has internal studios in 14 countries, including the U.S., Canada, the U.K., Germany, India and China. Console games are licensed under agreements with Sony and Microsoft, which require product approval, royalty payments, and manufacture by approved replicators. The agreements run through March 31, 2027, with automatic one-year renewals. No license is needed for PC. It competes with companies such as Electronic Arts, Embracer Group, Epic Games, Playrix, Playtika, Roblox, Savvy Games, Tencent and Ubisoft, as well as Sony, Microsoft and Nintendo, and with other forms of entertainment. The company's website is www.take2games.com.