Take-Two Interactive (TTWO) Raises $1.0 Billion in Equity

After the market closed on Tuesday, Take-Two Interactive Software Inc. (NASDAQ:TTWO) announced its offer to raise around $1.0 billion by the sale of 4.75 million new shares at $225 per share in a public offering. While the company hasn’t mentioned any specific usage of the funds raised, it plans to use the net proceeds from this offering for general corporate purposes, which may include debt repayment or future acquisitions. In line with the pricing of the new shares, the share price was down around 4% in the after-hours trading, at the time of writing.

Last Friday, Take-Two reported a healthy set of results for Q4 2025 (FY ends in March). The quarterly net bookings of $1.58 billion (+17% year-over-year) came in 2% ahead of expectations and were supported by continued traction in its games, such as NBA 2K25 and Grand Theft Auto Online. On a slightly negative note, adjusted EPS of $1.08 trailed expectations of $1.12. The company guided for FY 2026 net bookings of around $5.95 billion, below the consensus of $7.8 billion. However, the guidance factors in the impact from the delay of the release of Grand Theft Auto VI from late 2025 to May 2026, which was already announced a few weeks ago.

Following the results, an analyst from Benchmark reiterated his Buy rating on Take-Two and raised his price target on the shares to $250, up from $225 earlier. The analyst called the results a strong finish to the year with strength across the core businesses.

Take-Two Interactive Software Inc. (NASDAQ:TTWO) is a leading video game company that develops, publishes, and markets interactive entertainment for consumers worldwide principally through publishing labels of Rockstar Games, 2K, and Zynga.

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