NEW YORK - Rockstar Games, under the Take-Two (NASDAQ:TTWO) Interactive Software, Inc. (NASDAQ: TTWO) umbrella, has released Red Dead Redemption and its expansion Undead Nightmare for PC. This marks the first time the titles are available on this platform, enhanced with PC-specific features and improved detail.
The original game, alongside the Undead Nightmare expansion, which introduces a zombie apocalypse to the game's setting, now supports native 4K resolution, ultrawide monitor compatibility, HDR10, and high refresh rates on compatible systems. Players can also adjust draw distances, shadow quality, and benefit from full keyboard and mouse functionality. The release includes support for NVIDIA (NASDAQ:NVDA) DLSS 3.7 and AMD (NASDAQ:AMD) FSR 3.0 upscaling technologies, as well as NVIDIA DLSS Frame Generation.
Red Dead Redemption, which won over 170 Game of the Year awards, follows the story of John Marston, a former outlaw on a mission across the American West and Mexico. The PC release builds on the enhancements from the Nintendo Switch (NYSE:SWCH) and PlayStation 4 versions, and is available for purchase on the Rockstar Store, Steam, and the Epic Games Store.
The game's soundtrack, produced by David Holmes and composed by Bill Elm with contributions from Woody Jackson of Red Dead Redemption 2, is available on Spotify (NYSE:SPOT) and Apple (NASDAQ:AAPL) Music.
Rockstar Games has been recognized for creating immersive gaming worlds with successful titles like the Grand Theft Auto series. Take-Two Interactive Software, based in New York City, develops and publishes interactive entertainment globally through brands like Rockstar Games, 2K, Private Division, and Zynga (NASDAQ:ZNGA).
This release is based on a press release statement and contains forward-looking statements from Take-Two Interactive Software, Inc. These statements, not historical facts, include projections about the company's business and financial outlook and are subject to uncertainties and risks.
In other recent news, Take-Two Interactive is generating investor interest with its earnings and revenue projections, as well as its anticipated game releases. JPMorgan has adjusted its outlook on Take-Two, estimating second-quarter bookings at $1,435 million and fiscal year 2025 bookings at $5,575 million, despite a slight downgrade in the price target. Adjusted earnings per share (EPS) for the second quarter are projected at $0.37, while the fiscal year 2025 EPS forecast is $2.40.
The company's shareholders recently re-elected all nominated directors and approved the current executive pay structure. Ernst & Young LLP was also ratified as the company's independent auditors for the fiscal year ending March 2025. Meanwhile, Take-Two faces a $44.9 million patent infringement verdict involving its subsidiary, Zynga Inc ., a decision it plans to challenge.
Take-Two, in collaboration with Wētā Workshop, is set to release "Tales of the Shire: A The Lord of The Rings Game" in March 2025. The company has also announced the release schedule for other upcoming video games, including "Borderlands 4" and "Mafia: The Old Country" for 2025, and "Sid Meier's Civilization VII" due early 2025.
Analysts from firms including Stifel, Redburn-Atlantic, and TD Cowen have maintained Buy ratings for Take-Two, with Stifel raising its non-GAAP EPS forecast for fiscal year 2026 to $7.82 on net bookings of $8.381 billion. The analysts also anticipate significant financial contributions from the upcoming release of Grand Theft Auto VI. Despite a recent strike by voice actors and motion-capture artists from the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA), analysts from Wedbush Securities expect minimal impact due to the long development cycles of major games and the presence of in-house studios.
InvestingPro Insights
Take-Two Interactive Software's (NASDAQ: TTWO) recent release of Red Dead Redemption for PC aligns with the company's strategy to leverage its popular franchises across multiple platforms. This move could potentially boost the company's revenue, which according to InvestingPro data, stood at $5.4 billion over the last twelve months as of Q1 2023. However, it's worth noting that the company experienced a slight revenue decline of 2.33% during this period.
Despite the revenue dip, Take-Two's stock has shown resilience, with a one-year price total return of 19.58% as of the latest data. This performance suggests investor confidence in the company's long-term prospects, possibly driven by its strong portfolio of game franchises like Red Dead Redemption and Grand Theft Auto.
An InvestingPro Tip indicates that Take-Two is trading near its 52-week high, which could be a reflection of market optimism about releases like the PC version of Red Dead Redemption. However, another InvestingPro Tip cautions that the company is trading at a high revenue valuation multiple, suggesting that investors are pricing in significant future growth.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for Take-Two Interactive Software, providing a deeper understanding of the company's financial health and market position.
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