HighGravityDataTake-Two Interactive — Aug 7, 2026 release
Fiscal 2027 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-054580
Showing in the filing
Management reporting tax rate
“18%”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 34
Net Bookings for FY2027
“$8.0 to $8.2 billion”
Management reporting tax rate for FY2027
“18%”
Management reporting tax rate for FY2026
“18%”
GAAP Total net revenue for FY2027
“$7,900 to $8,100”
Cost of revenue for FY2027
“$3,538 to $3,658”
Operating expenses for FY2027
“$4,150 to $4,170”
Interest and other, net for FY2027
“$53”
Income before income taxes for FY2027
“$159 to $219”
Net income for FY2027
“$104 to $143”
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 $290”
EBITDA for FY2027
“$993 to $1,053”
Non-GAAP EBITDA for FY2027
“$993 to $1,053”
Net Bookings (Operational metric) for FY2027
“$8,000 to $8,200”
Share count used to calculate GAAP and manag… for FY2027
“189.4 million”
GAAP Total net revenue for FY2026
“$1,420 to $1,470”
Cost of revenue for FY2026
“$622 to $638”
Operating expenses for FY2026
“$1,009 to $1,019”
Interest and other, net for FY2026
“$13”
(Loss) income before income taxes for FY2026
“$(224) to $(200)”
Net (loss) income per share for FY2026
“$(0.84) to $(0.75)”
EBITDA for FY2026
“$(20) to $4”
Non-GAAP EBITDA for FY2026
“$(20) to $4”
Net Bookings (Operational metric) for FY2026
“$1,620 to $1,670”
Share count used to calculate GAAP net loss … for FY2026
“187.1 million”
Share count used to calculate management rep… for FY2026
“188.5 million”
Provision for income taxes for FY2027
“$55 to $76”
Interest expense, net for FY2027
“$41”
Depreciation for FY2027
“$175”
Net (loss) income for FY2026
“$(157) to $(140)”
Benefit from income taxes for FY2026
“$(67) to $(60)”
Interest expense, net for FY2026
“$11”
Depreciation for FY2026
“$44”
Exhibit 99.1 · the passage around this item
… earlier in the release
First Quarter Fiscal 2027 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, 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 acquisition Other (a) GAAP Total net revenue $ 1,533.9 (148.0) Cost of revenue 651.4 (15.6) (3.1) (154.9) Gross profit 882.5 (132.4) 3.1 154.9 Operating expenses 918.0 (82.9) (13.5) (2.4) (Loss) income from operations (35.5) (132.4) 86.0 168.4 2.4 Interest and other, net (13.8) 0.4 2.2 3.2 (Loss) income before income taxes (49.3) (132.0) 86.0 168.4 4.6 3.2 Non-GAAP EBITDA 167.0 (132.0) 86.0 2.9 3.2 • The above table utilizes a management tax rate of 18% • Share count used to calculate management reporting diluted net income per share is 187.8 million (a) Other includes adjustments for (i) the revaluation of the Turkish Lira against the U.S. Dollar, (ii) fair value adjustments related to certain equity investments, and (iii) a gain from the sale of marketable securities. 2 Outlook for Fiscal Year 2027 Take-Two is updating its outlook for the fiscal year and providing its initial outlook for its fiscal second quarter ending September 30, 2026: Fiscal Year Ending March 31, 2027 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, 2027 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 Other GAAP Total net revenue $7,900 to $8,100 $100 Cost of revenue $3,538 to $3,658 $(10) $(83) $(567) Operating expenses $4,150
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.