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
Provision for income taxes
“$44 to $37”
Period
FY2026
Measure
Company-defined measure
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
and SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE (in millions) Three Months Ended September 30, Six Months Ended September 30, 2025 2024 2025 2024 Net loss $ (133.9) $ (365.5) $ (145.8) $ (627.5) Provision for income taxes 18.4 41.2 16.5 91.0 Interest expense 16.7 18.7 39.0 37.9 Depreciation and amortization 48.8 47.3 99.2 92.1 Amortization of acquired intangibles 166.7 182.8 333.2 356.0 EBITDA $ 116.7 $ (75.5) $ 342.1 $ (50.5) Outlook Fiscal Year Ended March 31, 2026 Net loss $(414) to $(349) Provision for income taxes $44 to $37 Interest expense $75 Depreciation $169 Amortization of acquired intangibles $705 EBITDA $579 to $637 Outlook Three Months Ended December 31, 2025 Net loss $(90) to $(65) Provision for income taxes $9 to $7 Interest expense $18 Depreciation $42 Amortization of acquired intangibles $176 EBITDA $155 to $178 14
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.