Take Two Interactive‘s TTWO Private Division announced the launch of rollerdromea third-person shooter skater game, where arena combat, fluid movement and technical tricks come together.
This new IP comes from Roll7, the makers of OlliOlli World, OlliOlli 2: Welcome to Olliwood, OlliOlli World, Laser League, and NO HERO.
The game takes place in the year 2030 where players take on the role of Kara Hassan who wants to become the new champion of a deadly form of roller derby called Rollerdrome. Achieving the goal requires a mix of stunts and firefights to complete challenges and get the highest score possible.
The comic book-inspired art style comes to life with an all-new and completely original soundtrack. Darksynth music artist Electric Dragon combines iconic 70s textures and sounds with modern beats and cutting edge production to provide a heartbreaking backdrop to the carnage.
rollerdrome is available for digital download for $29.99 on PlayStation 5, PlayStation 4, and on PC via Steam.
TakeTwo Interactive Software, Inc. Price and consensus
TakeTwo Interactive Software, Inc. price consensus chart | Quote from TakeTwo Interactive Software, Inc.
Power in gaming portfolio to help top line
Take-Two has built its folio in hopes it could halt the 25.2% drop in shares in the year-to-date period against the 2.8% rise in the Zacks Toys – Games – Hobby industry. Zacks’ consumer discretionary sector is down 27.4% over the period.
Take-Two will likely bounce back soon. The acquisition of Zynga is positive for the company as it adds to TTWO’s gaming portfolio and will exponentially boost mobile internet bookings in the near term.
For the second quarter of fiscal 2023, Take Two expects GAAP net revenues between $1.37 billion and $1.42 billion. Net bookings are estimated to be between $1.5 billion and $1.55 billion.
Take-Two’s strong gaming portfolio and strong demand for its popular franchises are also expected to push the video game developer back into positive territory in the remainder of 2022 compared to the addressable market.
The company has a range of exciting game content slated for fiscal year 2023. Take-Two’s tactical role-playing game, Marvel’s Midnight Sun, will be published on October 7. Kerbal Space Program 2Developed by Private Division and Intercept Games, will be available in early 2023.
In fiscal 2023, this Zacks Rank #3 (Hold) company plans to release eight mobile titles, including four from existing franchises and four new franchises, three mid-core titles, and a re-release of a previously released title. You can see the full list of current Zacks #1 Rank (Strong Buy) stocks here.
In addition, excluding Zynga’s portfolio, Take-Two expects to ship at least 51 game titles during fiscal year 2024-2025. This is likely to increase net bookings and profitability for the company.
Despite all efforts, Take-Two continues to face fierce competition from, among others, Electronic art EA, Activision Blizzard ATVI and Nintendo NTDOY.
Electronic Arts has revealed that brand new gameplay features will be available in Madden NFL 23. EA will launch the game worldwide on August 19.
Activision is expected to benefit from its lineup of game content to be released in 2022. Recently, the company announced the launch of Diablo Immortal. At the end of 2022, Activision will release its next title in its Duty franchise and World of Warcraft: Dragonflightthe World of Warcraft extension.
Nintendo recently announced the release of Mario Strikers: Battle League, available on Nintendo Switch. NTDOY seems to be releasing a new title, Fire Emblem Warriors: Three Hopes by the end of June.
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