HighGravityDataTake-Two Interactive — May 15, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-25-025900
Showing in the filing
Net Bookings (Operational metric)
“$5,900 to $6,000”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 33
Net Bookings for FY2026
“$5.9 to $6.0 billion”
Management reporting tax rate for FY2026
“18%”
Management reporting tax rate for FY2025
“18%”
GAAP Total net revenue for FY2026
“$5,950 to $6,050”
Cost of revenue for FY2026
“$2,519 to $2,545”
Operating expenses for FY2026
“$3,780 to $3,800”
Interest and other, net for FY2026
“$99”
(Loss) income before income taxes for FY2026
“$(448) to $(394)”
Net loss for FY2026
“$(499) to $(439)”
Net loss per share for FY2026
“$(2.79) to $(2.45)”
Net cash from operating activities for FY2026
“approximately $130”
Capital expenditures for FY2026
“approximately $140”
Non-GAAP EBITDA for FY2026
“$508 to $562”
Net Bookings (Operational metric) for FY2026
“$5,900 to $6,000”
Share count used to calculate GAAP net loss … for FY2026
“179.1 million”
Share count used to calculate management rep… for FY2026
“181.5 million”
GAAP Total net revenue for FY2025
“$1,350 to $1,400”
Cost of revenue for FY2025
“$544 to $562”
Operating expenses for FY2025
“$908 to $918”
Interest and other, net for FY2025
“$23”
(Loss) income before income taxes for FY2025
“$(125) to $(103)”
Net loss for FY2025
“$(139) to $(115)”
Net loss per share for FY2025
“$(0.78) to $(0.65)”
Non-GAAP EBITDA for FY2025
“$114 to $136”
Net Bookings (Operational metric) for FY2025
“$1,250 to $1,300”
Share count used to calculate GAAP net loss … for FY2025
“178.1 million”
Share count used to calculate management rep… for FY2025
“180.4 million”
Provision for income taxes for FY2026
“$51 to $45”
Interest expense for FY2026
“$90”
Depreciation for FY2026
“$166”
Provision for income taxes for FY2025
“$14 to $12”
Interest expense for FY2025
“$21”
Depreciation for FY2025
“$43”
Exhibit 99.1 · the passage around this item
… earlier in the release
Fiscal Year Ending March 31, 2026 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, 2026 Financial Data $ in millions except for per share amounts Outlook (b) Change in deferred net revenue and related cost of revenue Stock-based compensation Amortization of acquired intangibles Other (c) GAAP Total net revenue $5,950 to $6,050 (50) Cost of revenue $2,519 to $2,545 10 (13) (632) Operating expenses $3,780 to $3,800 (332) (68) Interest and other, net $99 (6) (Loss) income before income taxes $(448) to $(394) (60) 345 700 6 Net loss $(499) to $(439) Net loss per share $(2.79) to $(2.45) Net cash from operating activities approximately $130 Capital expenditures approximately $140 Non-GAAP (d) EBITDA $508 to $562 (60) 345 — Operational Metric Net Bookings $5,900 to $6,000 • Management reporting tax rate anticipated to be 18% • Share count used to calculate GAAP net loss per share is expected to be 179.1 million • Share count used to calculate management reporting diluted net income per share is expected to be 181.5 million (b) The individual components of the financial outlook may not foot to the totals, as the Company does not expect actual results for every component to be at the low end or high end of the outlook range simultaneously. (c) Other includes adjustments for deferred financing costs associated with our debt. (d) The Company is no longer reporting Adjusted Unrestricted Operating Cash Flow, as certain cash that was previously restricted is no longer required to be restricted. 4 First Quarter Ending June 30, 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: Three Months Ending June 30, 2025 Financial Data $ in millions except for per share amounts Outlook (b) Change in defer
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.