Press release
Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Year 2022
GAAP net revenue increased 4% to $3.50 billion GAAP net income per diluted share was $3.58 GAAP net cash provided by operating activities for the
About this update from Take-two Interactive Software, Inc.
[{"type":"text","content":"\nGAAP net revenue increased 4% to $3.50 billion\n\nGAAP net income per diluted share was $3.58\n\nGAAP net cash provided by operating activities for the twelve-months ended March 31, 2022 was $258.0 million\n\nAdjusted Unrestricted Operating Cash Flow (Non-GAAP) for the twelve-months ended March 31, 2022 was $424.9 million\n\nNet Bookings were $3.41 billion\n\n NEW YORK--(BUSINESS WIRE)--\nTake-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported strong results for the fourth quarter and its fiscal year 2022, ended March 31, 2022. In addition, the Company provided its initial outlook on a standalone basis for its fiscal year 2023, ending March 31, 2023 and fiscal first quarter 2023, ending June 30, 2022. For further information, please see the fourth quarter fiscal 2022 results slide deck posted to the Company’s investor relations website at http://ir.take2games.com.\n\nFourth Quarter Fiscal 2022 Financial Highlights\n\nGAAP net revenue increased 11% to $930.0 million, as compared to $839.4 million in last year’s fiscal fourth quarter. Recurrent consumer spending (which is generated from ongoing consumer engagement and includes virtual currency, add-on content and in-game purchases) increased 1% and accounted for 63% of total GAAP net revenue. Digitally-delivered GAAP net revenue increased 9% to $833.3 million, as compared to $768.0 million in last year’s fiscal fourth quarter, and accounted for 90% of total GAAP net revenue. The largest contributors to GAAP net revenue were NBA® 2K22 and NBA 2K21; Grand Theft Auto® Online and Grand Theft Auto V; Tiny Tina's Wonderlands®; Red Dead Redemption® 2 and Red Dead Online; WWE® 2K22; Top Eleven®; and Two Dots®.\n\nGAAP net income was $111.0 million, or $0.95 per diluted share, as compared to $218.8 million, or $1.88 per diluted share, for the comparable period last year.\n\nThe following data, together with a management reporting tax rate of 16%, are used internally by the Company’s management and Board of Directors to adjust the Company’s GAAP financial results in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook:\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended March 31, 2022\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nFinancial Data\n\n\n\n\n\n \n\n\n\n \n\n\n\nStatement \n\n\nof \n\n\nOpera...