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
Provision for income taxes
“$66 to $61”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
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
and SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE (in millions) Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Net loss $ (125.2) $ (91.6) $ (752.7) $ (841.2) (Benefit from) provision for income taxes (27.7) (60.7) 63.3 (117.0) Interest expense 12.2 17.4 50.0 50.3 Depreciation and amortization 49.5 42.6 141.6 128.3 Amortization of acquired intangibles 180.0 238.8 536.0 897.3 Goodwill impairment — — — 165.4 EBITDA $ 88.8 $ 146.5 $ 38.2 $ 283.1 Outlook Fiscal Year Ending March 31, 2025 Net loss $(788) to $(729) Provision for income taxes $66 to $61 Interest expense $83 Depreciation $155 Amortization of acquired intangibles $747 EBITDA $263 to $317 Outlook Three Months Ended March 31, 2024 Net (loss) income $(35) to $22 Provision for (benefit from) income taxes $2 to $(1) Interest expense $32 Depreciation $40 Amortization of acquired intangibles $184 EBITDA $223 to $277
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.