HighGravityDataTake-Two Interactive — Aug 7, 2025 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-25-038919
Showing in the filing
Management reporting tax rate
“18%”
Period
Q2 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 33
Net Bookings for FY2026
“$6.05 to $6.15 billion”
Management reporting tax rate for Q2 FY2026
“18%”
GAAP Total net revenue for FY2026
“$6,100 to $6,200”
Cost of revenue for FY2026
“$2,548 to $2,570”
Operating expenses for FY2026
“$3,840 to $3,860”
Interest and other, net for FY2026
“$106”
(Loss) income before income taxes for FY2026
“$(394) to $(336)”
Net loss for FY2026
“$(442) to $(377)”
Net loss per share for FY2026
“$(2.40) to $(2.05)”
Net cash provided by operating activities for FY2026
“approximately $130”
Capital expenditures for FY2026
“approximately $140”
Non-GAAP EBITDA for FY2026
“$554 to $613”
Net Bookings (Operational metric) for FY2026
“$6,050 to $6,150”
Share count used to calculate GAAP net loss … for FY2026
“183.9 million”
Share count used to calculate management rep… for FY2026
“186.2 million”
GAAP Total net revenue for Q2 FY2026
“$1,650 to $1,700”
Cost of revenue for Q2 FY2026
“$730 to $746”
Operating expenses for Q2 FY2026
“$1,020 to $1,030”
Interest and other, net for Q2 FY2026
“$21”
(Loss) income before income taxes for Q2 FY2026
“$(121) to $(97)”
Net (loss) income per share for Q2 FY2026
“$(0.75) to $(0.60)”
Non-GAAP EBITDA for Q2 FY2026
“$117 to $140”
Operational metric Net Bookings for Q2 FY2026
“$1,700 to $1,750”
Net Bookings (Operational metric) for FY2025
“$1,700 to $1,750”
Share count used to calculate GAAP net loss … for Q2 FY2026
“184.5 million”
Share count used to calculate management rep… for Q2 FY2026
“186.3 million”
Provision for income taxes for FY2026
“$47 to $41”
Interest expense for FY2026
“$85”
Depreciation for FY2026
“$163”
Net (loss) income for Q2 FY2026
“$(136) to $(110)”
Provision for income taxes for FY2025
“$16 to $13”
Interest expense for FY2025
“$21”
Depreciation for FY2025
“$40”
Exhibit 99.1 · the passage around this item
… earlier in the release
First Quarter Fiscal 2026 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: Three Months Ended June 30, 2025 Financial Data in millions Statement of Operations Change in deferred net revenue and related cost of revenue Stock-based compensation Amortization of acquired intangibles Business reorganization Business acquisition Other (a) GAAP Total net revenue $1,503.8 (80.7) Cost of revenue 558.8 (11.2) 41.0 (159.3) Gross profit 945.0 (69.5) (41.0) 159.3 Operating expenses 923.4 (81.7) (15.5) 4.2 (3.9) (Loss) income from operations 21.6 (69.5) 40.7 174.8 (4.2) 3.9 Interest and other, net (35.4) 0.4 5.5 (2.1) (Loss) income before income taxes (13.8) (69.1) 40.7 174.8 (4.2) 9.4 (2.1) Non-GAAP EBITDA 225.5 (69.1) 40.7 (4.2) 7.4 (2.1) • The above table utilizes a management tax rate of 18% • Fully diluted share count in order to calculate management diluted net income per share is 183.1 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. 2 Outlook for Fiscal Year 2026 Take-Two is raising its outlook for the fiscal year and providing its initial outlook for its fiscal second quarter ending September 30, 2025: 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 Business acquisition and other (c) GAAP Total net revenue $6,100 to $6,200 $(50) Cost of revenue $2,548 to $2,570 $2 $27 $(633) Operating expenses $3,840 to $3,860 $(352) $(68
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.