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
Management reporting tax rate
“18%”
Period
FY2025
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
Fourth Quarter Fiscal Year 2025 Financial Results The following data is used internally by the Company’s management and Board of Directors to adjust the Company’s GAAP and Non-GAAP financial results in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook: Three Months Ended March 31, 2025 Financial Data in millions Statement of Operations Change in deferred net revenue and related cost of revenue Stock-based compensation Business Reorganization Amortization and impairment of acquired intangibles Business acquisition Other (a) GAAP Total net revenue $1,582.5 (1.0) Cost of revenue 779.2 (0.8) (303.8) Gross profit 803.3 (1.0) 0.8 303.8 Operating expenses 4,580.2 (78.8) (17.1) (55.3) (3,574.9) (Loss) income from operations (3,776.9) (1.0) 79.6 17.1 359.1 3,574.9 Interest and other, net (22.2) 1.5 2.1 0.6 (Loss) gain on fair value adjustments, net (2.8) 1.6 1.2 (Loss) income before income taxes (3,801.9) 0.5 79.6 17.1 359.1 3,578.5 1.8 Non-GAAP EBITDA 161.0 0.5 79.6 17.1 31.3 1.8 • The above table utilizes a management tax rate of 18% • Fully diluted share count in order to calculate management diluted net income per share 179.0 million (a) Other includes adjustments for (i) the revaluation of the Turkish Lira against the U.S. Dollar and (ii) fair value adjustments related to certain equity investments. Fiscal Year 2025 Financial and Operational Highlights • Total Net Bookings* grew 6% to $5.65 billion, as compared to $5.33 billion during last fiscal year. ◦ Net Bookings from recurrent consumer spending** increased 7% and accounted for 80% of total Net Bookings. ◦ The largest contributors to Net Bookings were NBA 2K25 and NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast , our hyper-casual mobile portfolio, Match Factory! , Empires & Puzzles, Red Dead Redemption 2 and Red Dead Online, Words With Friends , and Toy Blast. • GAAP net revenue increased 5% to $5.63 billion, as compared to $5.35 billion during last fiscal year. ◦ Recurrent consumer spending** increased 5% and accounted for 79% of total GAAP net revenue. ◦ The largest contributors to GAAP net revenue were NBA 2K24 and NBA 2K25, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, our hyper-casual mobile portfolio, Match Facto
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.