HighGravityDataTake-Two Interactive — Nov 6, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-25-050182
Showing in the filing
Share count used to calculate management reporting diluted net income per share
“187.2 million”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 33
Net Bookings for FY2026
“$6.4 to $6.5 billion”
Management reporting tax rate for FY2026
“18%”
Management reporting tax rate for FY2025
“18%”
GAAP Total net revenue for FY2026
“$6,380 to $6,480”
Cost of revenue for FY2026
“$2,663 to $2,685”
Operating expenses for FY2026
“$3,984 to $4,004”
Interest and other, net for FY2026
“$103”
(Loss) income before income taxes for FY2026
“$(370) to $(312)”
Net loss for FY2026
“$(414) to $(349)”
Net loss per share for FY2026
“$(2.25) to $(1.90)”
Net cash provided by operating activities for FY2026
“approximately $250”
Capital expenditures for FY2026
“approximately $180”
Non-GAAP EBITDA for FY2026
“$579 to $637”
Net Bookings (Operational metric) for FY2026
“$6,400 to $6,500”
Share count used to calculate GAAP net loss … for FY2026
“183.9 million”
Share count used to calculate management rep… for FY2026
“186.3 million”
GAAP Total net revenue for FY2025
“$1,570 to $1,620”
Cost of revenue for FY2025
“$646 to $664”
Operating expenses for FY2025
“$980 to $990”
Interest and other, net for FY2025
“$24”
(Loss) income before income taxes for FY2025
“$(80) to $(58)”
Net (loss) income per share for FY2025
“$(0.49) to $(0.35)”
Non-GAAP EBITDA for FY2025
“$155 to $178”
Net Bookings (Operational metric) for FY2025
“$1,550 to $1,600”
Share count used to calculate GAAP net loss … for FY2025
“185.0 million”
Share count used to calculate management rep… for FY2025
“187.2 million”
Provision for income taxes for FY2026
“$44 to $37”
Interest expense for FY2026
“$75”
Depreciation for FY2026
“$169”
Net (loss) income for FY2025
“$(90) to $(65)”
Provision for income taxes for FY2025
“$9 to $7”
Interest expense for FY2025
“$18”
Depreciation for FY2025
“$42”
Exhibit 99.1 · the passage around this item
… earlier in the release
3 Fiscal Third Quarter Ending December 31, 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 December 31, 2025 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 GAAP Total net revenue $1,570 to $1,620 $(20) Cost of revenue $646 to $664 $4 $(6) $(159) Operating expenses $980 to $990 $(93) $(17) Interest and other, net $24 $(1) (Loss) income before income taxes $(80) to $(58) $(24) $99 $176 $1 Net (loss) income $(90) to $(65) Net (loss) income per share $(0.49) to $(0.35) Non-GAAP EBITDA $155 to $178 $(24) $99 Operational metric Net Bookings $1,550 to $1,600 • Management reporting tax rate anticipated to be 18% • Share count used to calculate GAAP net loss per share is expected to be 185.0 million • Share count used to calculate management reporting diluted net income per share is expected to be 187.2 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. Key assumptions and dependencies underlying the Company’s outlook include: a continuation of the current economic backdrop; the timely delivery of the titles included in this financial outlook; continued growth in the installed base of PlayStation 5 and Xbox Series X|S, as well as engagement on Xbox One and PlayStation 4; the ability to develop and publish products that capture market share for these current generation systems while also leveraging opportunities on PC, mobile and other platforms; factors affecting our performance on mobile, such as player acquisition costs; our ongoing focus on our live services portfolio and new game pipeline; and stable foreign exchange rates. See also “Cautionary Note Regarding Forward Looking Statements” below. Product Releases The following have been released since July 1, 2025: Label Product Platforms Release Date 2K WWE 2K25 Switch 2 July 22, 2025 2K Mafia: The Old Country PS5, Xbox Series X|S, PC August 8, 2025 2K NBA 2K26 P
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.