HighGravityDataTake-Two Interactive — Nov 6, 2024 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-24-045720
Showing in the filing
Net Bookings
“$5.55 to $5.65 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 34
Net Bookings for FY2025
“$5.55 to $5.65 billion”
Management reporting tax rate for FY2025
“18%”
Management reporting tax rate for FY2024
“18%”
GAAP Total net revenue for FY2025
“$5,570 to $5,670”
Cost of revenue for FY2025
“$2,397 to $2,422”
Operating expenses for FY2025
“$3,772 to $3,792”
Interest and other, net for FY2025
“$120”
(Loss) income before income taxes for FY2025
“$(719) to $(664)”
Net loss for FY2025
“$(839) to $(775)”
Net loss per share for FY2025
“$(4.80) to $(4.43)”
Net cash provided by operating activities for FY2025
“approximately $(200)”
Capital expenditures for FY2025
“approximately $140”
Non-GAAP EBITDA for FY2025
“$282 to $336”
Adjusted Unrestricted Operating Cash Flow for FY2025
“approximately $(150)”
Net Bookings (Operational metric) for FY2025
“$5,550 to $5,650”
Share count used to calculate GAAP net loss … for FY2025
“174.9 million”
Share count used to calculate management rep… for FY2025
“177.4 million”
GAAP Total net revenue for FY2024
“$1,360 to $1,410”
Cost of revenue for FY2024
“$591 to $610”
Operating expenses for FY2024
“$913 to $923”
Interest and other, net for FY2024
“$30”
(Loss) income before income taxes for FY2024
“$(174) to $(153)”
Net loss for FY2024
“$(202) to $(177)”
Net loss per share for FY2024
“$(1.15) to $(1.01)”
Non-GAAP EBITDA for FY2024
“$78 to $100”
Net Bookings (Operational metric) for FY2024
“$1,350 to $1,400”
Share count used to calculate GAAP net loss … for FY2024
“174.5 million”
Share count used to calculate management rep… for FY2024
“178.2 million”
Provision for income taxes for FY2025
“$120 to $110”
Interest expense for FY2025
“$98”
Depreciation for FY2025
“$151”
Provision for income taxes for FY2024
“$27 to $24”
Interest expense for FY2024
“$26”
Depreciation for FY2024
“$38”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reports Results for Fiscal Second Quarter 2025 $1.47 billion Net Bookings with outperformance from Grand Theft Auto and Borderlands franchises Company updates fiscal year 2025 outlook and reiterates expectation for Net Bookings of $5.55 to $5.65 billion New York, NY – November 6, 2024 – Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported results for the second quarter of its fiscal year 2025, ended September 30, 2024. For further information, please see the second quarter fiscal 2025 results slide deck posted to the Company’s investor relations website at take2games.com/ir . Management Comments “ I am pleased to report that we delivered strong second quarter results. Our Net Bookings of $1.47 billion were at the top of our guidance range, driven by the continued success of the Grand Theft Auto and Borderlands franchises, and our operating results surpassed our plans, largely due to a shift in the timing of marketing expenses within the year,” said Strauss Zelnick, Chairman and CEO of Take-Two Interactive. “Our execution has been consistent, and our teams continue to make great progress advancing our development pipeline. Accordingly, we are reiterating our fiscal year 2025 Net Bookings guidance range of $5.55 to $5.65 billion, and we are confident that we will achieve sequential increases and record levels of Net Bookings in fiscal years 2026 and 2027.” “As we look ahead, we believe that Take-Two remains exceedingly
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.