If you love video games, you will definitely want to check out Gamers Inc. The workers are extremely friendly, and the store itself takes much better care of its games than other stores do. All the disc cases and cartridges are clean and well taken care of. The prices are fair, and there are plenty of deals to be had. The prices at Gamers Inc are competitive with other stores, but the quality of the games is much better. It’s worth the money to shop here.
Take-Two Interactive Software
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City. Ryan Brant founded the company in 1993. The company currently employs more than 8,000 people worldwide and makes over two billion video game sales annually. While the company focuses on creating high-quality video games, it also has a history of making other types of entertainment products, such as board games. Here are some of the company’s recent titles.
Take-Two Interactive Software, Inc. is an American video game developer, publisher, and marketer. Its products are sold under the Rockstar Games, 2K, Private Division, and T2 Mobile Games brand names. The company has also developed franchises such as LA Noire, Bully, and Manhunt, which are popular among gamers worldwide. Take-Two Interactive Software also distributes games and other interactive media via digital download and cloud streaming services.
The company recently posted a weak first quarter of fiscal 2023, missing FactSet consensus estimates. Additionally, management provided weak top-line guidance, and attributed the company’s disappointing results to a lack of major releases. Zynga’s contributions accounted for ten months of revenue. Meanwhile, Marvel’s Midnight Sun and Star Wars Hunters have been delayed. Both of these titles will be released in the fiscal fourth quarter.
The company’s focus expanded into video games after acquiring GameTek in 2006. By the end of the decade, it had grown into a global business, and acquired a variety of companies to expand its reach. In 2005, Take-Two expanded its reach overseas by acquiring Alternative Reality Technologies, Inc. in order to create video games based on real-world settings. In addition to acquiring GameTek, Take-Two acquired Alternative Reality Technologies, Inc., which developed games such as Dark Colony, The Quivering, and The Reap. During this time, Kelly Sumner became CEO of Take-Two Interactive Software.
In 1998, Take-Two made several acquisitions in order to expand its business. In June of that year, it acquired DirectSoft Australia, which provided distribution services in Australia and New Zealand. In August, the company acquired Cincinnati-based All Games Inc., which significantly expanded Take-Two’s distribution channels in the United States. Both of these acquisitions contributed to the company’s bottom line. By the end of the year, revenues for Take-Two Interactive Software reached $191 million, and net profit was $7 million.
While valuing Take-Two Interactive Software stock can be difficult, analysts often use certain key metrics to estimate the company’s worth. In 1999, revenues grew by 57 percent, topping $300 million. Meanwhile, net income increased more than two-fold to $16.3 million. As a result, Take-Two Interactive Software shares traded at 79 times its most recent earnings. Its earnings growth accelerated to more than 50%, and the company continues to grow its balance sheet.
In 2000, Take-Two further strengthened its online presence by signing a deal with Freeloader, an online game site that offers free downloads. At the same time, it also established its London-based subsidiary, Broadband Studios, which specializes in online games. While it was still small, this move has helped the company expand its presence in the online market. If you are interested in learning more about Take-Two Interactive Software, consider a subscription to their newsletter.
While Take-Two’s stock price declined during the first half of 2013, the company’s business recovered as the World Trade Center terrorist attacks closed its doors for the first time. While the attack on the World Trade Center affected the company’s business temporarily, the company looked to capitalize on the situation. The attacks, as well as the Gulf War, were likely to keep many consumers home. The company also had to compete with Microsoft’s Xbox, which was expected to spur game sales.
