Take Two’s private division (TTWO) to launch OlliOlli World

Take two interactivePublishing label TTWO Private Division is about to launch World OlliOlli February 8, 2022.

Developed by BAFTA-winning studio Roll 7, which is part of Private Division, the skateboard game will be available on PlayStation 5 and PlayStation 4, Xbox Series X | S and Xbox One consoles, PC via Steam and Nintendo Switch console.

World OlliOlli should benefit from the success of the OlliOlli Series. In World OlliOlli, players can customize their body type, skin tone and hair. Players can also choose from a variety of poses, skate tricks, and clothing to showcase their unique style.

World OlliOlli offers two multiplayer modes: Gnarvana League and Gnarvana Portal. In the Gnarvana League, players with similar skills are pitted against each other, competing for the highest score. In Gnarvana Portal, players can generate original levels based on the selection of parameters such as style, difficulty and length.

Without a doubt, the next game will strengthen Take Two’s game portfolio which includes popular franchises like NBA, Grand Theft Auto (GTA) and Borders. Take Two continues to develop its portfolio by innovating and adding new content to franchises.

TakeTwo Interactive Software, Inc. Price and consensus

TakeTwo Interactive Software, Inc. price-consensus-chart | Quote from TakeTwo Interactive Software, Inc.

Recently, Rockstar Games, another Take Two editorial label, announced that GTA Online: the contract is now available as a free download to gamers with a copy of Grand Theft Auto V.

GTA Online: the contract is playable solo or with friends. This latest massive update to GTA Online presents a brand new adventure set in the city of Los Santos and Dr. Dre is a top client.

Extend the portfolio to promote revenue growth

Take Two stocks outperformed the Zacks Toys-Games-Hobbies industry as well as peers like Activision Blizzard ATVI and Zynga ZNGA.

While Take Two shares fell 17.6%, shares in the Zacks Toys-Games-Hobbies sector fell 22.4%. Activision and Zynga shares have lost 35.1% and 35.5% respectively since the start of the year.

However, Take Two underperformed Electronic arts EA, which fell 10.2%.

Take Two’s outperformance relative to the majority of its peers can be attributed to its expanding portfolio of games.

This Zacks Rank # 3 (Hold) business enjoys increasing digital revenues due to strong demand for RGT, NBA 2K21, Red Dead Redemption, Borderlands 3, Sid Meier’s Civilization VI, Social Point’s mobile offers, WWE series, and the Mafia: final editions and Mafia: Trilogy. You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

For the third quarter of fiscal 2022, Take Two expects GAAP net revenue of between $ 840 million and $ 890 million. The company expects a profit of between 85 and 95 cents per share.

Net bookings are projected to be between $ 800 million and $ 850 million.

For fiscal 2022, net bookings are expected to be between $ 3.3 billion and $ 3.4 billion. GAAP net revenues are expected to be between $ 3.35 billion and $ 3.45 billion. Take Two expects a profit of between $ 2.75 and $ 3 per share.

However, relying on a handful of franchises, a few retail customers and third-party distributors to drive sales are Overhangs. In addition, intensifying competition from EA and Activision Blizzard is a significant headwind.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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