Slide 1: Take-Two Interactive Software, Inc. Q3 FY2022 Results
Take-Two Interactive Software, Inc. (NASDAQ: T TWO) Q3 FY2022 Results
Slide 2: Cautionary Note: Forward Looking Statements
Cautionary Note: For ward Looking Statements • Content The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by • such words as "anticipates," "believes," "estimates," "expects," "intends," "plans,
Slide 3: 3Q2022 Results Summary: GAAP
3Q2022 RESULTS SUMMARY: GAAP FINANCIAL SUMMARY ($ in millions, except EPS) Q3 ACTUAL GUIDANCE GAAP Net Revenue $903 $840 TO $890 Operating Expenses $399 $378 TO $388 GAAP Net Income $145 $99 TO $111 GAAP EPS $1.24 $0.85 TO $0.95 3
Slide 4: 3Q2022 Results Summary: Select Management Results
3Q2022 RESULTS SUMMARY: SELECT MANAGEMENT RESULTS SELECT OPERATING AND FINANCIAL DATA ($ in millions) Q3 ACTUAL GUIDANCE Net Bookings* $866 $800 TO $850 Change in Recurrent Consumer Spending +2% Up Slightly (RCS) Change in Digitally -Delivered Net Bookings +12% +5% Non-GAAP Adjusted Unrestricted Ope
Slide 5: Net Revenue & Net Bookings
Net Revenue & Net Bookings GAAP Net Revenue $3,373 $3,410 - $3,460 $ in Millions $3,089 $400 $684 64% of $903 Total $861 $108 47% of $118 64% of 61% of Total $2,972 Total Total $2,405 $743 $796 Q3 FY21 Q3 FY22 FY20 FY21 FY22E Recurrent Consumer Spending Physical & Other Digital Recurrent Consumer Sp
Slide 6: Cash Flow
Cash Flow Net Cash From Operating Activities $ in Millions $912 $788 $686 $340 $133 $170 $40 $53 $69 $19 9 Months FY21 9 Months FY22 FY20 FY21 FY22E Net Cash From Operating Activities Capital Expenditures Net Cash From Operating Activities Capital Expenditures Adjusted Unrestricted Operating Cash Fl
Slide 7: FY 2022 Revised Guidance: GAAP
FY 2022 REVISED GUIDANCE: GAAP FISCAL YEAR 2022 REVISED GUIDANCE ($ in millions, except EPS) FY 2022 REVISED GUIDANCE CHANGE FROM PRIOR GUIDANCE GAAP Net Revenue $3,410 TO $3,460 PREVIOUSLY: $3,350 TO $3,450 O p e r a t i n g E x p e n s es $1,481 TO $1,491 PREVIOUSLY: $ 1 , 4 6 8 T O $ 1 , 4 8 8 G
Slide 8: FY 2022 Revised Guidance: Select Financial and Operating Data
FY 2022 REVISED GUIDANCE: SELECT FINANCIAL AND OPERATING DATA FISCAL YEAR 2022 REVISED GUIDANCE ($ in millions, except EPS) • We are raising our Net Bookings outlook to reflect our Q3 FY 2022 REVISED CHANGE FROM PRIOR outperformance along with our updated forecast for the balance of the GUIDANCE GUI
Slide 9: FY22-FY24 Pipeline Details
FY22-FY24 Pipeline Details FY 2022-FY ANNOUNCED TO-DATE 2024* IMMERSIVE CORE 23 • NBA 2K22 (2K) – LAUNCHED SEPTEMBER 2021 • WWE 2K22 (2K) – LAUNCHING MARCH 11, 2022 • TINY TINA’S WONDERLANDS (2K) – LAUNCHING MARCH 25, 2022 • MARVEL’S MIDNIGHT SUNS (2K) – LAUNCHING FALL 2022 (FISCAL 2023) • KERBAL SP
Slide 10: Pipeline Definitions
Pipeline Definitions Immersive Core: Titles that have the deepest gameplay and the most hours of content. Examples include our key sports franchises (like PGA 2K and NBA 2K) as well as Grand Theft Auto and Red Dead Redemption (to name a few). Independent: Externally developed Private Division releas
Slide 11: 4Q 2022 Guidance: GAAP
4Q 2022 GUIDANCE: GAAP 4Q 2022 GUIDANCE ($ in millions, except EPS) 4Q 2022 GUIDANCE GAAP Net Revenue $835 TO $885 O p e r a t i n g E x p e n s es $389 TO $399 G A A P N e t I n c o me $53 TO $65 GAAP EPS $0.46 TO $0.56 11
Slide 12: 4Q 2022 Guidance: Select Financial and Operating Data
4Q 2022 GUIDANCE: SELECT FINANCIAL AND OPERATING DATA 4Q FY2022 GUIDANCE ($ in millions, except EPS) 4Q 2022 GUIDANCE • Our guidance implies 3% to 4% growth in Net Bookings over 4Q21 ($ IN MILLIONS) • Our teams look forward to delivering many exciting new releases in Net Bookings $808 TO $858 the co
Slide 13: Non-GAAP Financial Measure
Non-GAAP Financial Measure In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses a Non- GAAP measure of financial performance: Adjusted Unrestricted Operating Cash Flow, which is defined as GAAP net cash from operating ac
Slide 14: Reconciliation of GAAP to Non-GAAP Measure
Reconciliation of GAAP to Non -GAAP Measure 14
Slide 15: Thank You
THANK YOU TAKE-TWO INTERACTIVE