Videogame sales have been rising for the past couple of months as the coronavirus pandemic has kept people confined to their homes. ![]() GAAP net revenues surged 53.8% year over year to $831.3 million. Solid adoption and heightened user engagement levels of games including Grand Theft Auto (GTA) Online and GTA V, NBA 2K20, Red Dead Redemption 2 and Red Dead Online, Borderlands 3, Sid Meier’s Civilization VI, Social Point’s mobile offerings, the WWE series, and The Outer Worlds drove top-line growth in first-quarter fiscal 2021. Story continues Expanding Portfolio Stokes Top-Line Growth It has a robust slate of new releases (10 games) for the remainder of 2021. Social Point is expanding the gaming portfolio with the launch of Tasty Town and Word Life. Meanwhile, Take Two’s acquisition of Barcelona-based free-to-play mobile game developer, Social Point, is helping it to fast penetrate the rapidly growing mobile gaming market. With 2,900 levels of content, Two Dots was selected as an Editor's Choice in both the Google Play Store and Apple App Store. The studio has created three mobile hits, Dots, Two Dots and Dots & Co., which have been downloaded more than 100 million times. On Aug 18, Take-Two announced that it had entered into a definitive agreement to acquire privately-held Playdots for $192 million. Take-Two’s expansive acquisitions of gaming studios are expected to boost its competitive position against the likes of Electronic Arts EA, Zynga ZNGA and Activision Blizzard ATVI, among others. Quote Acquisitions to Strengthen Competitive Position ![]() price-consensus-chart | TakeTwo Interactive Software, Inc.
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