Take-Two Interactive Software Inc - Company Profile
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Business Description
Take-Two Interactive Software Inc (Take-Two) develops, publishes, markets, and sells interactive entertainment products. The company distributes its products and services through two distribution channels: Digital Online Services, which include digital download, online platforms, and cloud streaming, and Physical Retail. In FY2023, digital online services accounted for 95.1% of the company's revenue, while physical retail contributed 4.9% to the overall revenue. Take-Two classifies its products into three categories: Console, Mobile, and PC and other. Geographically, Take-Two has operations in various regions, including the US, China, Spain, Australia, Hong Kong, Japan, the Netherlands, and Ireland. These regions represent the company's global presence and serve as markets for its interactive entertainment products.
R&D Overview
Take-Two strives to develop and maintain a continuous flow of new games and sequels to its existing games through internal product development, technology licensing, and strategic alliances. The company focuses on developing software titles for all major gaming consoles, handheld hardware platforms, mobile, and PCs in multiple languages and territories. As of March 31, 2023, Take-Two had a research and development staff of 8,894 employees with the technical capabilities to develop software titles for all major consoles, PCs, and mobile platforms in multiple languages and territories. In FY2023, the company's research and development expenses were US$892.5 million, representing 16.7% of the company's revenue for that fiscal year. This is an increase from FY2022 when the company incurred expenses of US$406.6 million on research and development, accounting for 11.6% of the revenue.
Business Segments
Overview
Designs and publishes games for console systems such as Sony’s PlayStation3 and PlayStation4, and Microsoft’s Xbox One and Xbox 360, handheld gaming systems and personal computers, including smart phones and tablets. Markets products through physical retail, digital download, online platforms and cloud streaming services. Develops and publishes products through two wholly-owned labels: Rockstar Games and 2K.
Performance
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Overview
Develops and publishes games for handheld hardware platforms and PCs in multiple languages and territories.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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