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
Provision for income taxes
“$51 to $45”
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
and SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE (in millions) Three Months Ended March 31, Twelve Months Ended March 31, 2025 2024 2025 2024 Net loss $ (3,726.2) $ (2,903.0) $ (4,478.9) $ (3,744.2) (Benefit from) provision for income taxes (75.7) 158.4 (12.4) 41.4 Interest expense 18.9 20.3 68.7 78.3 Depreciation and amortization 87.8 42.9 229.4 171.2 Amortization and impairment of acquired intangibles 311.0 485.1 847.0 1,383.2 Goodwill impairment 3,545.2 2,176.7 3,545.2 2,342.1 EBITDA $ 161.0 $ (19.6) $ 199.1 $ 272.0 Outlook Fiscal Year Ending March 31, 2026 Net loss $(499) to $(439) Provision for income taxes $51 to $45 Interest expense $90 Depreciation $166 Amortization of acquired intangibles $700 EBITDA $508 to $562 Outlook Three Months Ended June 30, 2025 Net loss $(139) to $(115) Provision for income taxes $14 to $12 Interest expense $21 Depreciation $43 Amortization of acquired intangibles $175 EBITDA $114 to $136
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.