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
Provision for income taxes
“$120 to $110”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
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
and SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE (in millions) Three Months Ended September 30, Six Months Ended September 30, 2024 2023 2024 2023 Net loss $ (365.5) $ (543.6) $ (627.5) $ (749.6) Provision for (benefit from) income taxes 41.2 (33.4) 91.0 (56.3) Interest expense 18.7 21.0 37.9 33.7 Depreciation and amortization 47.3 45.3 92.1 85.7 Amortization of acquired intangibles 182.8 418.2 356.0 658.5 Goodwill impairment — 165.4 — 165.4 EBITDA $ (75.5) $ 72.9 $ (50.5) $ 137.4 Outlook Fiscal Year Ending March 31, 2025 Net loss $(839) to $(775) Provision for income taxes $120 to $110 Interest expense $98 Depreciation $151 Amortization of acquired intangibles $752 EBITDA $282 to $336 Outlook Three Months Ended December 31, 2024 Net loss $(202) to $(177) Provision for income taxes $27 to $24 Interest expense $26 Depreciation $38 Amortization of acquired intangibles $189 EBITDA $78 to $100
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.