18 slides from Take-two Interactive Software's earnings presentation, May 15, 2025
Slide 1: Fourth Quarter and Fiscal 2025 Results & Guidance Summary
TAKE-TWO INTERACTIVE SOFTWARE, INC. (NASDAQ: TTWO) » FOURTH QUARTER AND FISCAL 2025 TAKE-TWO INTERACTIVE RESULTS & GUIDANCE SUMMARY
Slide 2: Cautionary Note: Forward Looking Statements
CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS The statements contained herein, which are not historical facts, including statements relating to Take-Two Interactive Software, Inc.'s ("Take-Two,” the "Company," "we," "us," or similar pronouns) outlook, are considered forward-looking statements under fe
Slide 3: Q4 FY2025 Results Summary: GAAP
@4 FY2025 RESULTS SUMMARY: GAAP FINANCIAL SUMMARY (¢$ in millions, except EPS) Q4 ACTUAL GUIDANCE GAAP Net Revenue $1,583 $1,519 TO $1,619 Operating Expenses $4,580 $899 TO $919 GAAP Net Loss $(3,726) $(35) TO $22 GAAP EPS $(21.08) $(0.20) TO $0.13
Slide 4: Q4 FY2025 Results Summary: Select Management and Operating Results
@4 FY2025 RESULTS SUMMARY: SELECT MANAGEMENT AND OPERATING RESULTS SELECT FINANC DATA ($ in m * Q4 Net Bookings were the top of our guidance range, reflecting better-than-expected performance from NBA 2K25; Zynga, led by Toon Blast, our hyper-casual mobile a4 portfolio, and Match Factory; the Red De
Slide 5: FY2025 Results Summary: GAAP
FY2025 RESULTS SUMMARY: GAAP FINANCIAL SUMMARY (¢$ in millions, except EPS) FY2025 ACTUAL GUIDANCE GAAP Net Revenue $5,634 $5,570 TO $5,670 Operating Expenses $7,453 $3,772 TO $3,792 GAAP Net Loss $(4,479) $(788) TO $(729) GAAP EPS $(25.58) $(4.50) TO $(4.17)
Slide 6: FY2025 Results Summary: Select Management and Operating Results
FY2025 RESULTS SUMMARY: SELECT MANAGEMENT AND OPERATING RESULTS SELECT FINANC DATA ($ in milli + Net Bookings were the top of our guidance range + Recurrent consumer spending exceeded our outlook, FY2025 growing 7%: o NBA 2K grew high-teens; o Mobile increased mid single-digits; and ACTUAL GUIDANCE
Slide 7: Net Revenue and Net Bookings
NET REVENUE AND NET BOOKINGS GAAP Net Revenue $ in Millions $5,634 $6,050 $1,583 @4 FY24 @4 FY25 FY24 FY25 FY26E ™ Recurrent Consumer Spending @ Physical & Other ® Digital @ Recurrent Consumer Spending @ Physical & Other ® Digital Net Bookings (Operationa $ in Millions Metric $1,581 80% of Total $5,
Slide 8: Cash Flow
CASH FLOW Net Cash From Operating Activities $in Millions $169 $142 1 $130 S140 FY24 FY25 FY26E -$16 “$45 Net Cash From Operating Activities = Capital Expenditures NOTE: The Company is no longer reporting Adjusted Unrestricted Operating Cash Flow, as certain cash that was previously restricted is no
Slide 9: FY 2026 Guidance: GAAP
FY 2026 GUIDANCE: GAAP FISCAL YEAR 2026 GUIDANCE ($ in millions, except EPS) FY 2026 GUIDANCE GAAP Net Revenue $5,950 TO $6,050 Operating Expenses $3,780 TO $3,800 GAAP Net Loss $(499) TO $(439) GAAP EPS $(2.79) TO $(2.45)
Slide 10: FY 2026 Guidance: Select Financial Data
FY 2026 GUIDANCE: SELECT FINANCIAL DATA FISCAL YEAR 2026 GUIDANCE ($ in millions, except EPS) Figcal Year Ending March 31, 2026 Net Bookings Recurrent Consumer Spending Growth (RCS) * We project Net Bookings to range from $5.9 to $6 billion, which represents 5% growth over Fiscal 2025 at the midpoin
Slide 11: Q1 FY2026 Guidance: GAAP
Q1FY2026 GUIDANCE: GAAP Q1 FISCAL 2026 GUIDANCE (§ in millions, except EPS) Q1 FY26 GUIDANCE GAAP Net Revenue $1,350 TO $1,400 Operating Expenses $908 TO $918 GAAP Net Loss $139) TO $115) GAAP EPS $(0.78) TO $(0.65) N
Slide 12: Q1 FY2026 Guidance: Select Financial Data
Q1FY2026 GUIDANCE: SELECT FINANCIAL DATA Q1 FISCAL 2026 GUIDANCE (§ in millions, except EPS) Q1 FY2026 GUIDANCE ($ IN MILLIONS) Net Bookings $1,250 TO $1,300 Recurrent Consumer Spending +7% YOY Growth (RCS) + We expect to deliver Net Bookings of $1.25 billion to $1.3 billion * Our release slate for
Slide 13: FY26-FY28 Pipeline Details
FY26-FY28 PIPELINE DETAILS TITLES ANNOUNCED TO-DATE FY 2026 - FY 2028* MAFIA THE OLD COUNTRY + Mafia: The Old Country (2k) - Launching August 8, 2025 + Borderlands 4 (2K) - Launching September 12, 2025 21 + NBA 2K26 (2K) - Launching Fiscal 2026 CIVILIZATION VII + WWE 2k26 (2K) - Launching Fiscal 202
Slide 14: 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). MOBILE Any title released on a mobile platform. Our title
Slide 15: Non-GAAP Measure: EBITDA Definition
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: EBITDA, which is defined as GAAP net income (loss) excluding interest income (expense), provision for (benefit from) incom
Slide 16: Reconciliation of GAAP to Non-GAAP Measure
RECONCILIATION OF GAAP TO NON-GAAP MEASURE TAKE-TWO INTERACTIVE SOFTWARE, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE Cin millions) TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE (in millions) Three Months Ended March 31, ‘Twelve
Slide 17: Reconciliation of GAAP to Non-GAAP Measure: Outlook
RECONCILIATION OF GAAP TO NON-GAAP MEASURE TAKE-TWO INTERACTIVE SOFTWARE, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURE Cin millions) Outlook Fiscal Year Ending March 31, 2026 Net loss $(499) to $(439) Provision for income taxes $51 to $45 Interest expense $90 Depreciation $166 Am
Slide 18: Thank You
THANK YOU TAKE-TWO INTERACTIVE