Core Insights - Take-Two Interactive's CEO expressed optimism about the hardware specifications of the upcoming Nintendo Switch 2, indicating a positive outlook for the company's games on this platform [1][3] - The CEO noted that Nintendo is providing better support for third-party publishers compared to previous consoles, with Take-Two planning to release four games for the Switch 2, which is more than any previous Nintendo platform [3] - However, the CEO also mentioned that not all games will necessarily be available on every platform, emphasizing the importance of assessing each situation individually [3] Game Releases - Take-Two will launch the following titles for the Switch 2: - Civilization 7 (scheduled for June 5) - NBA 2K series (specific titles and dates to be determined) - WWE 2K series (specific titles and dates to be determined) - Borderlands 4 (scheduled for September 12) [3] - These titles are part of established franchises that Take-Two has previously released on the Nintendo Switch, indicating continuity rather than new surprises [3]

Investment Rating - The report maintains a "Buy" rating for the internet media sector, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark [3][18]. Core Insights - The global mobile gaming market is experiencing steady growth, with a focus on product cycles of major US gaming companies like Take-Two Interactive and Electronic Arts. The report highlights the potential revenue increase from upcoming game releases, particularly Take-Two's anticipated launch of "GTA 6" [2][3]. - In Q4 2024, global in-app purchase (IAP) revenue reached a record high of $39.4 billion, marking a year-over-year increase of 13.5%. However, mobile game revenue growth is stabilizing, with IAP for mobile games at $20.2 billion, reflecting a modest year-over-year growth of 2.6% [1][2]. - Developed markets, particularly Japan and the US, showed strong IAP performance, while emerging markets like Indonesia and Nigeria demonstrated significant download growth, indicating future monetization potential [1][2]. Summary by Sections Global Mobile Gaming Market - Q4 2024 saw a total of 34.1 billion app downloads globally, with mobile game downloads declining by 4.2% year-over-year. Despite this, single-download payment amounts are growing steadily [1][2]. - Strategy games are leading in popularity, with IAP reaching $4.85 billion, a year-over-year increase of 27%, while RPG games saw a decline in IAP to $3.87 billion, down 20% year-over-year [1][2]. Company Performance - Take-Two Interactive reported Q4 2024 net revenue of $1.36 billion, a slight decrease of 0.73% year-over-year, with a net loss of $125 million. The company anticipates significant revenue contributions from upcoming titles like "GTA 6" [1][2]. - Electronic Arts maintained strong profitability in FY25Q3, with net bookings of $2.22 billion and net income of $289 million, supported by the performance of the EA SPORTS FC series [1][2]. - Unity's revenue decline has narrowed to $460 million, a year-over-year decrease of 25%, with effective loss control measures implemented [1][2]. - Roblox reported Q4 2024 revenue of $990 million, a year-over-year increase of 32%, with significant user engagement metrics [1][2].