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
Net loss
“$(414) to $(349)”
Period
FY2026
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
2 Outlook for Fiscal Year 2026 Take-Two is raising its outlook for the fiscal year and providing its initial outlook for its fiscal third quarter ending December 31, 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 Ended 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 $6,380 to $6,480 $20 Cost of revenue $2,663 to $2,685 $5 $23 $(637) Operating expenses $3,984 to $4,004 $(356) $(68) Interest and other, net $103 $(9) (Loss) income before income taxes $(370) to $(312) $15 $333 $705 $9 Net loss $(414) to $(349) Net loss per share $(2.25) to $(1.90) Net cash provided by operating activities approximately $250 Capital expenditures approximately $180 Non-GAAP EBITDA $579 to $637 $15 $333 Operational metric Net Bookings $6,400 to $6,500 • Management reporting tax rate anticipated to be 18% • Share count used to calculate GAAP net loss per share is expected to be 183.9 million • Share count used to calculate management reporting diluted net income per share is expected to be 186.3 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. (c) Other includes adjustments for (i) business reorganization expenses, (ii) the revaluation of the Turkish Lira against the U.S. Dollar, and (iii) fair value adjustments related to certain equity investments. 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 betwe
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.