HighGravityDataTake-Two Interactive — Feb 6, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-25-004262
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 · 26
Net Bookings for FY2025
“$5.55 to $5.65 billion”
Management reporting tax rate for FY2025
“18%”
GAAP Total net revenue for FY2025
“$5,570 to $5,670”
Cost of revenue for FY2025
“$2,413 to $2,349”
Operating expenses for FY2025
“$3,772 to $3,792”
Interest and other, net for FY2025
“$107”
(Loss) income before income taxes for FY2025
“$(722) to $(668)”
Net loss for FY2025
“$(788) to $(729)”
Net loss per share for FY2025
“$(4.50) to $(4.17)”
Net cash provided by operating activities for FY2025
“approximately $(200)”
Capital expenditures for FY2025
“approximately $140”
Non-GAAP EBITDA for FY2025
“$263 to $317”
Adjusted Unrestricted Operating Cash Flow for FY2025
“approximately $(150)”
Net Bookings (Operational metric) for FY2025
“$5,550 to $5,650”
Share count used to calculate GAAP net loss … for FY2025
“175.0 million”
Net (loss) income for FY2025
“$(35) to $22”
Net (loss) income per share for FY2025
“$(0.20) to $0.13”
Share count used to calculate management rep… for FY2025
“177.5 million”
Share count used to calculate GAAP and manag… for FY2025
“179.1 million”
Provision for income taxes for FY2025
“$66 to $61”
Interest expense for FY2025
“$83”
Depreciation for FY2025
“$155”
Provision for (benefit from) income taxes for FY2025
“$2 to $(1)”
Provision for (benefit from) income taxes for FY2024
“$2 to $(1)”
Interest expense for FY2024
“$32”
Depreciation for FY2024
“$40”
Exhibit 99.1 · the passage around this item
… earlier in the release
(646) 536-3005 (646) 536-2983 Nicole.Shevins@take2games.com Alan.Lewis@take2games.com Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2025 $1.37 billion Net Bookings, within Company's guidance range Company updates fiscal year 2025 outlook and reiterates expectation for Net Bookings of $5.55 to $5.65 billion New York, NY – February 6, 2025 – Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported results for the third quarter of its fiscal year 2025, ended December 31, 2024. For further information, please see the third quarter fiscal 2025 results slide deck posted to the Company’s investor relations website at take2games.com/ir . Management Comments “We achieved solid results during the holiday season. Our Net Bookings of $1.37 billion were within our guidance range, as significant outperformance in NBA 2K helped to offset moderation experienced in several of our mobile franchises. At the same time, our operating results surpassed expectations, led by the upside from NBA 2K , as well as a shift in timing of expenses that benefited the quarter,” said Strauss Zelnick, Chairman and CEO of Take-Two Interactive. “For Fiscal 2025, we are reiterating our Net Bookings guidance range of $5.55 to $5.65 billion and our outlook for operating performance. Our projections for the fourth quarter balance strength in NBA 2K with a continuation of the current mobile trends, and the shift of some operating expenses into the period.” “Looking ahead, this calendar year is shaping up to be one of
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.