Take-Two Interactive (NASDAQ: TTWO) has been on a roll in the last several years following extremely strong sales of Grand Theft Auto V. Even after a 300% gain over the last five years, the stock still trades for a reasonable forward price-to-earnings ratio of 24 times fiscal 2018 earnings estimates. Let's review the important drivers for the video game company in the year ahead and beyond.Take-Two generates the majority of its revenue from direct-to-consumer sales of in-game content, so a big game release like a Red Dead Redemption or Grand Theft Auto serves as a catalyst that sparks more sales of digitally delivered content, which ultimately helps grow the bottom line.Red Dead Redemption 2 is very important to Take-Two's bottom line in fiscal 2018.
What Will Keep Take-two Interactive's Momentum Going?
newsfeedback@fool.com (John Ballard), The Motley Fool
Mon, 05/22/2017 - 2:12pm
BING NEWS:
- Take-Two Interactive Shuts Down Kerbal Space Program 2 Developer
Take-Two Interactive, has made a significant move by closing down two studios the developer of the highly anticipated Kerbal Space Program 2.
05/2/2024 - 10:03 pm | View Link - Kerbal Space Program fans react with anger over Intercept Games closure, and you know what that means: Review bombing on Steam
Kerbal Space Program 2 players are responding to the reported closure of developer Intercept Games with what has become something of a time-honored tradition among gamers: A flood of negative reviews ...
05/2/2024 - 7:01 am | View Link - Kerbal Space Program 2 Is Getting Review-Bombed After Take-Two Shut Down Its Developer
Two Interactive is shutting down Intercept Games, players began review-bombing the studio's final project, expressing frustration and disappointment at the closure. Heading over to the official Steam ...
05/2/2024 - 5:49 am | View Link - Kerbal Space Program 2 Studio Apparently Shuttered Amid Layoffs, Take-Two Responds [Update]
Intercept Games is among the many casualties of Take-Two Interactive's layoffs, as its parent company is laying off 70 people from the developer behind the Kerbal Space Program 2. As reported by ...
05/1/2024 - 7:24 am | View Link - Upcoming Game May Not Be Enough to Sustain Take-Two Interactive's Valuation
The success of 'Grand Theft Auto VI' will be crucial for generating shareholder value, but the company's future relies even beyond it ...
05/1/2024 - 3:00 am | View Link - More
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