Take-Two Interactive — Nov 6, 2024 release

2 Outlook for Fiscal Year 2025 Take-Two is revising its outlook for the fiscal year ending March 31, 2025 and providing its initial outlook for its fiscal third quarter ending December 31, 2024: Fiscal Year Ending March 31, 2025 The Company is also providing selected data, which is used internally by its management and Board of Directors to adjust the Company’s GAAP and Non-GAAP financial outlook in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook: Fiscal Year Ending March 31, 2025 Financial Data $ in millions except for per share amounts Outlook (1) Change in deferred net revenue and related cost of revenue Stock-based compensation Amortization of acquired intangibles  Business reorganization and other (a) GAAP Total net revenue $5,570 to $5,670 $(20) Cost of revenue $2,397 to $2,422 $10 $(14) $(681) Operating expenses $3,772 to $3,792 $(320) $(71) $(151) Interest and other, net $120 $(20) (Loss) income before income taxes $(719) to $(664) $(30) $334 $752 $171 Net loss $(839) to $(775) Net loss per share $(4.80) to $(4.43) Net cash provided by operating activities approximately $(200) Capital expenditures approximately $140 Non-GAAP EBITDA $282 to $336 $(30) $334 $151 Adjusted Unrestricted Operating Cash Flow approximately $(150) Operational metric Net Bookings $5,550 to $5,650 • Management reporting tax rate anticipated to be 18% • Share count used to calculate GAAP net loss per share is expected to be 174.9 million • Share count used to calculate management reporting diluted net income per share is expected to be 177.4 million (a) Other includes adjustments for (i) business acquisition expenses, (ii) the revaluation of the Turkish Lira against the U.S. Dollar, and (iii) fair value adjustments related to certain equity investments. 3 Fiscal Third Quarter Ending December 31, 2024 The Company is also providing selected data, which is used internally by its management and Board of Directors to adjust the Company’s GAAP and Non-GAAP financial outlook in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook: Three Months Ending December 31, 2024 Financial Data $ in millions except for per share amounts Outlook (1) Change in deferred net revenue and related cost of revenue Stock-based compensation Amortization of acquired intangibles Business reorganization and business acquisition GAAP Total net revenue $1,360 to $1,410 $(10) Cost of revenue $591 to $610 $(5) $(2) $(171) Operating expenses $913 to $923 $(83) $(18) $(12) Interest and other, net $30 $(2) (Loss) income before income taxes $(174) to $(153) $(5) $85 $189 $14 Net loss $(202) to $(177) Net loss per share $(1.15) to $(1.01) Non-GAAP EBITDA $78 to $100 $(5) $85 $12 Ope