HighGravityDataTake-Two Interactive — May 21, 2026 release
Fiscal 2026 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-037260
Showing in the filing
Management reporting tax rate
“18%”
Period
Q1 FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 33
Net Bookings for FY2027
“$8.0 to $8.2 billion”
Management reporting tax rate for Q1 FY2027
“18%”
GAAP Total net revenue for FY2027
“$7,900 to $8,100”
Cost of revenue for FY2027
“$3,504 to $3,626”
Operating expenses for FY2027
“$4,180 to $4,200”
Interest and other, net for FY2027
“$50”
Income before income taxes for FY2027
“$166 to $224”
Net income for FY2027
“$105 to $141”
Diluted net income per share for FY2027
“$0.55 to $0.75”
Net cash provided by operating activities for FY2027
“over $1,000”
Capital expenditures for FY2027
“approximately $200”
EBITDA for FY2027
“$1,013 to $1,070”
Non-GAAP EBITDA for FY2027
“$1,013 to $1,070”
Share count used to calculate GAAP and manag… for FY2027
“189.7 million”
Total net revenue for Q1 FY2027
“$1,450 to $1,500”
GAAP Total net revenue for FY2026
“$1,450 to $1,500”
Cost of revenue for Q1 FY2027
“$578 to $594”
Operating expenses for Q1 FY2027
“$926 to $936”
Interest and other, net for Q1 FY2027
“$13”
(Loss) income before income taxes for Q1 FY2027
“$(67) to $(43)”
Net (loss) income per share for Q1 FY2027
“$(0.23) to $(0.15)”
Non-GAAP EBITDA for Q1 FY2027
“$155 to $179”
EBITDA for FY2026
“$155 to $179”
Net Bookings for Q1 FY2027
“$1,320 to $1,370”
Share count used to calculate GAAP net loss … for Q1 FY2027
“186.3 million”
Share count used to calculate management rep… for Q1 FY2027
“188.7 million”
Provision for income taxes for FY2027
“$62 to $83”
Interest expense for FY2027
“$41”
Depreciation for FY2027
“$181”
Net (loss) income for Q1 FY2027
“$(42) to $(27)”
Benefit from income taxes for Q1 FY2027
“$(25) to $(16)”
Interest expense for Q1 FY2027
“$10”
Depreciation for Q1 FY2027
“$43”
Exhibit 99.1 · the passage around this item
… earlier in the release
Fourth 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 March 31, 2026 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 $ 1,679.8 (99.5) Cost of revenue 741.1 (5.3) (4.7) (185.4) Gross profit 938.7 (94.2) 4.7 185.4 Operating expenses 927.8 (73.7) (15.1) 0.9 (3.2) (Loss) income from operations 10.9 (94.2) 78.4 200.5 (0.9) 3.2 Interest and other, net (23.6) 1.2 (0.6) 6.7 (Loss) income before income taxes (12.7) (93.0) 78.4 200.5 (0.9) 2.6 6.7 Non-GAAP EBITDA 243.7 (93.0) 78.4 (0.9) 0.9 6.7 • The above table utilizes a management tax rate of 18% • Share count used to calculate management reporting diluted net income per share is 186.5 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. Fiscal Year 2026 Financial and Operational Highlights • Total Net Bookings* grew 19% to $6.72 billion, as compared to $5.65 billion during last fiscal year. ◦ Net Bookings from recurrent consumer spending** grew 17% and accounted for 78% of total Net Bookings. ◦ The largest contributors to Net Bookings were NBA 2K26 and NBA 2K25, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast , Match Factory! , Empires & Puzzles, Borderlands 4 , Color Block Jam , Red Dead Redemption 2 and Red Dead Online, Words With Friends , and Toy Blast™. • GAAP net revenue increased 18% to $6.66 billion, as compared to $5.63 billion during last fiscal year. ◦ Recurrent consumer spending** increased 16% and accounted for 78% of total GAAP net revenue. 2 ◦ The largest contributors to GAAP net revenue were NBA 2K25 and NBA 2K26, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast , Match Factory! , Empires & Puzzles, Color Block J
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.