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Take-Two Interactive
TTWO · NASDAQInteractive Entertainment
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Talent, IP &licensorsCreators, sports/film IP,…GamedevelopmentStudios building the gamesGames & liveservicesFranchises + recurrent sp…Cloud & onlineservicesHosting, multiplayer, tel…PublisherTake-Two & its labelsPlatforms &storefrontsConsoles, app stores, PCPlayersConsole, PC & mobile game…IPSports & entertainment licensorsEPICEpic GamesDEVDevelopers & creative talentR★Rockstar Games2K2KZNGAZyngaVIGrand Theft Auto VIRCSLive services & recurrent spendingCLDCloud providersT2Take-Two InteractiveSONYSonyMSFTMicrosoftAAPLAppleGOOGGoogleSTMSteam (Valve)···Players
Company details
Market cap
$45B
Net bookings (FY26)
$6.7B
Rev. growth
+19%
Recurrent spend
76% of bookings
FY27 outlook
$8.0–8.2B
GTA VI launch
19 Nov 2026
Dividend
None
Profit margin
Negative (GAAP)
In plain English
Take-Two is a video-game publisher built on three labels: Rockstar Games (Grand Theft Auto, Red Dead Redemption) — the crown jewel whose Grand Theft Auto VI lands November 2026; 2K (NBA 2K, WWE 2K, Borderlands); and Zynga, the ~$12.7B-acquired mobile arm (Toon Blast, Words With Friends). Most revenue is now recurrent in-game spending; it sells through Sony, Microsoft, Apple, Google and Steam to hundreds of millions of players, competing head-to-head with EA.
In simple terms
What Take-Two Interactive really sells
Take-Two is a video-game publisher built on three labels: Rockstar Games (Grand Theft Auto, Red Dead Redemption) — the crown jewel whose Grand Theft Auto VI lands November 2026; 2K (NBA 2K, WWE 2K, Borderlands); and Zynga, the ~$12.7B-acquired mobile arm (Toon Blast, Words With Friends). Most revenue is now recurrent in-game spending; it sells through Sony, Microsoft, Apple, Google and Steam to hundreds of millions of players, competing head-to-head with EA.
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