Take-Two Interactive Software is an American video game company. It is known for successful franchises like Grand Theft Auto, BioShock, and NBA 2K. Take-Two is the third-largest publicly traded game company in the US and Europe. The gaming industry is undergoing tremendous growth, and Take-Two is among the leading industry players. Take-Two owns Rockstar Games, a well-known publishing house, and is making other acquisitions as well. The company is poised for longer-term growth. Take-Two Interactive is set up similar to a communications services company. It has a studio that makes the games and designs them. It then publishes the game like a publishing house. Take-Two Interactive also owns another business that helps smaller developers publish their work. So, if you are looking for communication services stocks to buy right now, then Take-Two Interactive could be worth looking into.
Game Publishing Giant – Take-Two Interactive
Take-Two Interactive is one of the foremost game publishers in the world. It owns well-known brands like Rockstar Games, T2 Mobile Games, and 2K. Take-Two Interactive used to have manufacturing operations. However, with the growth of digital distribution, it has discontinued its manufacturing activities. The company now focuses on designing games and publishing them as well as helping third-party entities with their publishing. It has become a designing and marketing business within the gaming industry. Some of the most successful game franchises of Take-Two Interactive are Grand Theft Auto, NBA2K, and PGA TOUR 2K. The company aims to continue creating new entertainment experiences through its games. It also hopes to continue being able to attract the best creative talent that is essential to build games for the future. If you are looking for a top communication services stock, then Take-Two Interactive may be a possible candidate.
If you are looking to buy communication services stocks, then Take-Two Interactive is currently in a downtrend. It is down almost 25% since hitting a peak in January 2021. The P/E ratio is currently just above 27, and the price is near its 52-week low.