Take-Two Interactive Software’s (NASDAQ:TTWO) publishing label, Private Division, and Moon Studios have revealed their latest venture into the gaming world with the introduction of No Rest for the Wicked, an innovative action role-playing game (ARPG) boasting a unique art style. Following the success of Moon Studios’ acclaimed titles Ori and the Blind Forest and Ori and the Will of the Wisps, this ARPG is set to redefine the genre.
Scheduled for Early Access on PC (via Steam) in the first quarter of fiscal 2024, with a full release on PlayStation 5, Xbox Series X|S, and PC, No Rest for the Wicked promises to deliver a distinctive gaming experience. The official trailer debuted during The Game Awards, with more details set to be unveiled at the Wicked Inside showcase on March 1, 2024.
Moon Studios aims to push the boundaries of combat with a precision-focused combat system in No Rest for the Wicked. Featuring animation-driven, immediate, and tactile fights, the game emphasizes skill and timing over simple button mashing, offering a groundbreaking approach to combat in the ARPG genre.
Anticipated to attract a significant player base, the game is expected to contribute to Take-Two’s top-line growth in the upcoming fiscal year. The Consensus Estimate for TTWO’s fiscal 2025 revenues projects a year-over-year growth of 40.98%, reaching $7.76 billion. However, earnings are estimated at $7.29 per share, indicating a year-over-year decline of 128.61%.
In preparation for several major releases in 2024 and beyond, Take-Two Interactive Software aims to maintain its competitive edge. With a promising total of 16 game releases in the current fiscal year, including a new intellectual property from a top-tier studio, the company is positioned to fend off competition from industry giants like Ubisoft Entertainment, Disney, and Microsoft.
Upcoming titles such as WWE 2K24, Penny’s Big Breakaway, and Star Wars Hunters are expected to engage customers and enhance Take-Two’s popularity. The allure of well-known franchises like WWE and Star Wars is anticipated to drive customer engagement, positioning the company favorably in the gaming market.
While Ubisoft Entertainment remains a formidable presence in the gaming industry with blockbuster franchises like Assassin’s Creed and Far Cry, Disney’s Marvel continues to enjoy success with releases like Spider-Man 2 and ongoing projects featuring iconic characters like Wolverine and Iron Man. Microsoft’s Xbox, a key player in the industry, is set to introduce compelling titles like Wordless, Deserted, and Farm Builders, contributing to the dynamic and engaging gaming experiences across various platforms.
Despite challenges, shares of TTWO have gained 48.1% year-to-date, outpacing the Consumer & Discretionary sector’s rise of 11.1%, driven by the success of blockbuster games like FIFA and GTA. Take-Two Interactive Software is poised for continued growth and competition in the evolving gaming landscape.
Featured Image – Megapixl © Timonschneider
