| Delaware | 001-34003 | 51-0350842 | ||||||
| (State or other jurisdiction | (Commission | (IRS Employer | ||||||
| of incorporation) | File Number) | Identification No.) | ||||||
| 110 West 44th Street, | New York, | New York | 10036 | ||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
| Common Stock, $0.01 par value | TTWO | NASDAQ Global Select Market | ||||||||||||
Item 2.02 |
Results of Operations and Financial Condition | ||||
Item 9.01 |
Financial Statements and Exhibits | ||||
| (d) | Exhibits: | |||||||
99.1 |
||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. | ||||||||
| (Registrant) | ||||||||
| By: | /s/ Matthew Breitman | |||||||
| Matthew Breitman | ||||||||
| Senior Vice President, General Counsel Americas & Corporate Secretary |
||||||||
Date: February 3, 2026 |
||||||||
![]() |
||||||||
| FOR IMMEDIATE RELEASE | ||||||||
| CONTACT: | |||||
| (Investor Relations) | (Corporate Press) | ||||
| Nicole Shevins | Alan Lewis | ||||
| Senior Vice President | |||||
| Investor Relations & Corporate Communications | Head of Global Corporate Communications | ||||
| Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | ||||
| (646) 536-3005 | (646) 536-2983 | ||||
| Nicole.Shevins@take2games.com | Alan.Lewis@take2games.com | ||||
| Three Months Ended December 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||
| 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 | $1,699.0 | 58.0 | ||||||||||||||||||||||||||||||||||||||||||
| Cost of revenue | 753.5 | (3.1) | (3.6) | (160.7) | ||||||||||||||||||||||||||||||||||||||||
| Gross profit | 945.5 | 61.1 | 3.6 | 160.7 | ||||||||||||||||||||||||||||||||||||||||
| Operating expenses | 984.2 | (86.7) | (15.1) | (0.6) | (4.0) | |||||||||||||||||||||||||||||||||||||||
| (Loss) income from operations | (38.7) | 61.1 | 90.3 | 175.8 | 0.6 | 4.0 | ||||||||||||||||||||||||||||||||||||||
| Interest and other, net | (17.1) | (1.6) | 4.5 | 0.1 | ||||||||||||||||||||||||||||||||||||||||
| (Loss) income before income taxes | (55.8) | 59.6 | 90.3 | 175.8 | 0.6 | 8.5 | 0.1 | |||||||||||||||||||||||||||||||||||||
| Non-GAAP | ||||||||||||||||||||||||||||||||||||||||||||
| EBITDA | 174.8 | 59.6 | 90.3 | 0.6 | 6.5 | 0.1 | ||||||||||||||||||||||||||||||||||||||
| Fiscal Year Ending March 31, 2026 | ||||||||||||||||||||||||||||||||
| 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 | Business acquisition and other (c) |
|||||||||||||||||||||||||||
| GAAP | ||||||||||||||||||||||||||||||||
| Total net revenue | $6,550 to $6,600 |
$100 | ||||||||||||||||||||||||||||||
| Cost of revenue | $2,781 to $2,797 |
$(5) | $31 | $(641) | ||||||||||||||||||||||||||||
| Operating expenses | $3,959 to $3,969 |
$(333) | $(68) | $(8) | ||||||||||||||||||||||||||||
| Interest and other, net | $97 | $(14) | ||||||||||||||||||||||||||||||
| (Loss) income before income taxes | $(287) to $(263) |
$105 | $302 | $709 | $22 | |||||||||||||||||||||||||||
| Net loss | $(369) to $(338) |
|||||||||||||||||||||||||||||||
| Net loss per share | $(2.00) to $(1.84) |
|||||||||||||||||||||||||||||||
| Net cash provided by operating activities | approximately $450 |
|||||||||||||||||||||||||||||||
| Capital expenditures | approximately $180 |
|||||||||||||||||||||||||||||||
| Non-GAAP | ||||||||||||||||||||||||||||||||
| EBITDA | $657 to $681 |
$105 | $302 | $8 | ||||||||||||||||||||||||||||
| Operational metric | ||||||||||||||||||||||||||||||||
| Net Bookings | $6,650 to $6,700 |
|||||||||||||||||||||||||||||||
Three Months Ending March 31, 2026 |
||||||||||||||||||||||||||||||||
| 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 | Business acquisition | |||||||||||||||||||||||||||
| GAAP | ||||||||||||||||||||||||||||||||
| Total net revenue | $1,573 to $1,623 |
$(63) | ||||||||||||||||||||||||||||||
| Cost of revenue | $675 to $692 |
$(10) | $1 | $(161) | ||||||||||||||||||||||||||||
| Operating expenses | $973 to $983 |
$(79) | $(17) | |||||||||||||||||||||||||||||
| Interest and other, net | $26 | $(4) | ||||||||||||||||||||||||||||||
| (Loss) income before income taxes | $(101) to $(78) |
$(53) | $78 | $178 | $4 | |||||||||||||||||||||||||||
| Net (loss) income | $(129) to $(99) |
|||||||||||||||||||||||||||||||
| Net (loss) income per share | $(0.70) to $(0.54) |
|||||||||||||||||||||||||||||||
| Non-GAAP | ||||||||||||||||||||||||||||||||
| EBITDA | $138 to $161 |
$(53) | $78 | |||||||||||||||||||||||||||||
| Operational metric | ||||||||||||||||||||||||||||||||
| Net Bookings | $1,510 to $1,560 |
|||||||||||||||||||||||||||||||
| Label | Product | Platforms | Release Date | ||||||||
| 2K | WWE 2K Mobile for Netflix |
iOS, Android | November 19, 2025 | ||||||||
| Rockstar Games | Red Dead Redemption and Undead Nightmare |
PS5, Xbox Series X|S, Switch 2 | December 2, 2025 | ||||||||
| Rockstar Games | Red Dead Redemption and Undead Nightmare for Netflix |
iOS, Android | December 2, 2025 | ||||||||
| Rockstar Games | Grand Theft Auto Online: A Safehouse in the Hills | PS5, PS4, Xbox Series X|S, Xbox One, PC |
December 10, 2025 | ||||||||
| Label | Product | Platforms | Release Date | ||||||||
| 2K | Sid Meier's Civilization VII for Apple Arcade |
iOS | February 5, 2026 | ||||||||
| 2K | PGA TOUR 2K25 | Switch 2 | February 6, 2026 | ||||||||
| 2K | WWE 2K26 | PS5, Xbox Series X|S, Switch 2, PC | March 13, 2026 | ||||||||
| Rockstar Games | Grand Theft Auto VI | PS5, Xbox Series X|S | November 19, 2026 | ||||||||
| Zynga | CSR 3 | iOS, Android | TBA | ||||||||
| Zynga | Top Goal | iOS, Android | TBA | ||||||||
| Ghost Story Games | Judas | PS5, Xbox Series X|S, PC | TBA | ||||||||
| 2K | Project ETHOS | TBA | TBA | ||||||||
| 2K | BioShock next iteration |
TBA | TBA | ||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. | ||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||||||||||||||||||||||||
| (in millions, except per share amounts) | ||||||||||||||||||||||||||
| Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
| Net revenue: | ||||||||||||||||||||||||||
| Game | $ | 1,570.3 | $ | 1,243.1 | $ | 4,593.7 | $ | 3,693.7 | ||||||||||||||||||
| Advertising | 128.7 | 116.7 | 382.9 | 357.4 | ||||||||||||||||||||||
| Total net revenue | 1,699.0 | 1,359.8 | 4,976.6 | 4,051.1 | ||||||||||||||||||||||
| Cost of revenue: | ||||||||||||||||||||||||||
| Product costs | 220.9 | 200.2 | 660.6 | 616.0 | ||||||||||||||||||||||
| Game intangibles | 160.1 | 171.1 | 477.4 | 508.0 | ||||||||||||||||||||||
| Licenses | 118.3 | 88.8 | 343.6 | 241.1 | ||||||||||||||||||||||
| Internal royalties | 167.4 | 103.1 | 335.0 | 249.3 | ||||||||||||||||||||||
| Software development costs and royalties | 86.8 | 36.7 | 289.0 | 177.8 | ||||||||||||||||||||||
| Total cost of revenue | 753.5 | 599.9 | 2,105.6 | 1,792.2 | ||||||||||||||||||||||
| Gross profit | 945.5 | 759.9 | 2,871.0 | 2,258.9 | ||||||||||||||||||||||
| Selling and marketing | 433.2 | 388.9 | 1,378.6 | 1,281.6 | ||||||||||||||||||||||
| Research and development | 282.7 | 240.9 | 812.1 | 707.4 | ||||||||||||||||||||||
| General and administrative | 218.6 | 189.6 | 650.6 | 653.1 | ||||||||||||||||||||||
| Depreciation and amortization | 49.1 | 49.5 | 148.3 | 141.6 | ||||||||||||||||||||||
| Business reorganization | 0.6 | 23.1 | (3.5) | 89.4 | ||||||||||||||||||||||
| Total operating expenses | 984.2 | 892.0 | 2,986.1 | 2,873.1 | ||||||||||||||||||||||
| Loss from operations | (38.7) | (132.1) | (115.1) | (614.2) | ||||||||||||||||||||||
| Interest and other, net | (17.1) | (20.8) | (70.0) | (75.2) | ||||||||||||||||||||||
| Loss before income taxes | (55.8) | (152.9) | (185.1) | (689.4) | ||||||||||||||||||||||
| Provision for (benefit from) for income taxes | 37.1 | (27.7) | 53.6 | 63.3 | ||||||||||||||||||||||
| Net loss | $ | (92.9) | $ | (125.2) | $ | (238.7) | $ | (752.7) | ||||||||||||||||||
| Loss per share: | ||||||||||||||||||||||||||
| Basic and diluted loss per share | $ | (0.50) | $ | (0.71) | $ | (1.30) | $ | (4.31) | ||||||||||||||||||
| Weighted average shares outstanding | ||||||||||||||||||||||||||
| Basic | 185.0 | 176.0 | 183.4 | 174.5 | ||||||||||||||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. | ||||||||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||||
| (in millions, except per share amounts) | ||||||||||||||
| December 31, 2025 | March 31, 2025 | |||||||||||||
| (Unaudited) | ||||||||||||||
| ASSETS | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | 2,160.0 | $ | 1,456.1 | ||||||||||
| Short-term investments | 199.0 | 9.4 | ||||||||||||
| Restricted cash and cash equivalents | 13.2 | 14.9 | ||||||||||||
| Accounts receivable, net of allowances of $1.9 and $1.6 at December 31, 2025 and March 31, 2025, respectively | 824.1 | 771.1 | ||||||||||||
| Software development costs and licenses | 50.2 | 80.8 | ||||||||||||
| Contract assets | 87.3 | 80.8 | ||||||||||||
| Prepaid expenses and other | 344.8 | 402.8 | ||||||||||||
| Total current assets | 3,678.6 | 2,815.9 | ||||||||||||
| Fixed assets, net | 453.5 | 443.8 | ||||||||||||
| Right-of-use assets | 333.7 | 326.1 | ||||||||||||
| Software development costs and licenses, net of current portion | 2,244.7 | 1,892.6 | ||||||||||||
| Goodwill | 1,065.7 | 1,057.3 | ||||||||||||
| Other intangibles, net | 1,845.8 | 2,336.0 | ||||||||||||
| Long-term restricted cash and cash equivalents | 78.6 | 88.2 | ||||||||||||
| Other assets | 309.9 | 220.8 | ||||||||||||
| Total assets | $ | 10,010.5 | $ | 9,180.7 | ||||||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Accounts payable | $ | 191.3 | $ | 194.7 | ||||||||||
| Accrued expenses and other current liabilities | 1,100.2 | 1,127.6 | ||||||||||||
| Deferred revenue | 1,292.7 | 1,083.5 | ||||||||||||
| Lease liabilities | 69.3 | 61.5 | ||||||||||||
| Short-term debt, net | 582.2 | 1,148.5 | ||||||||||||
| Total current liabilities | 3,235.7 | 3,615.8 | ||||||||||||
| Long-term debt, net | 2,487.0 | 2,512.6 | ||||||||||||
| Non-current deferred revenue | 20.1 | 25.4 | ||||||||||||
| Non-current lease liabilities | 372.8 | 383.3 | ||||||||||||
| Non-current software development royalties | 83.4 | 93.6 | ||||||||||||
| Deferred tax liabilities, net | 190.8 | 259.6 | ||||||||||||
| Other long-term liabilities | 125.1 | 152.7 | ||||||||||||
| Total liabilities | $ | 6,514.9 | $ | 7,043.0 | ||||||||||
| Stockholders' equity: | ||||||||||||||
| Preferred stock, $0.01 par value, 5.0 shares authorized; no shares issued and outstanding at December 31, 2025 and March 31, 2025 | — | — | ||||||||||||
Common stock, $0.01 par value, 300.0 and 300.0 shares authorized; 208.8 and 200.8 shares issued and 185.1 and 177.1 outstanding at December 31, 2025 and March 31, 2025, respectively |
2.1 | 2.0 | ||||||||||||
| Additional paid-in capital | 11,847.7 | 10,312.0 | ||||||||||||
Treasury stock, at cost; 23.7 and 23.7 common shares at December 31, 2025 and March 31, 2025, respectively |
(1,020.6) | (1,020.6) | ||||||||||||
| Accumulated deficit | (7,297.5) | (7,058.8) | ||||||||||||
| Accumulated other comprehensive loss | (36.1) | (96.9) | ||||||||||||
| Total stockholders' equity | $ | 3,495.6 | $ | 2,137.7 | ||||||||||
| Total liabilities and stockholders' equity | $ | 10,010.5 | $ | 9,180.7 | ||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. | ||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | ||||||||||||||
| (in millions) | ||||||||||||||
| Nine Months Ended December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Operating activities: | ||||||||||||||
| Net loss | $ | (238.7) | $ | (752.7) | ||||||||||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||||||||
| Amortization and impairment of software development costs and licenses | 282.9 | 181.2 | ||||||||||||
| Stock-based compensation | 226.9 | 244.4 | ||||||||||||
| Noncash lease expense | 42.3 | 45.1 | ||||||||||||
| Amortization and impairment of intangibles | 525.3 | 563.4 | ||||||||||||
| Depreciation | 124.1 | 114.2 | ||||||||||||
| Interest expense | 114.2 | 123.9 | ||||||||||||
| Other, net | 25.8 | 25.2 | ||||||||||||
| Changes in assets and liabilities, net of effect from purchases of businesses: | ||||||||||||||
| Accounts receivable | (51.8) | 2.9 | ||||||||||||
| Software development costs and licenses | (518.5) | (568.9) | ||||||||||||
| Prepaid expenses and other current and other non-current assets | (65.9) | 30.1 | ||||||||||||
| Deferred revenue | 201.0 | 25.3 | ||||||||||||
| Accounts payable, accrued expenses and other liabilities | (278.7) | (358.3) | ||||||||||||
| Net cash provided by (used in) operating activities | 388.9 | (324.2) | ||||||||||||
| Investing activities: | ||||||||||||||
| Change in bank time deposits | (189.7) | 18.7 | ||||||||||||
| Purchases of fixed assets | (126.0) | (115.3) | ||||||||||||
| Divestitures | — | 36.0 | ||||||||||||
| Purchases of long-term investments | (21.2) | (21.4) | ||||||||||||
| Business acquisitions | (2.0) | 9.4 | ||||||||||||
| Asset acquisitions | (19.9) | (16.1) | ||||||||||||
| Net cash used in investing activities | (358.8) | (88.7) | ||||||||||||
| Financing activities: | ||||||||||||||
| Tax payment related to net share settlements on restricted stock awards | (2.4) | — | ||||||||||||
| Issuance of common stock | 1,247.0 | 55.0 | ||||||||||||
| Payment for settlement of convertible notes | — | (8.3) | ||||||||||||
| Proceeds from issuance of debt | — | 598.9 | ||||||||||||
| Cost of debt | — | (5.4) | ||||||||||||
| Repayment of debt | (600.0) | — | ||||||||||||
| Payment of contingent earn-out consideration | — | (12.0) | ||||||||||||
| Net cash provided by financing activities | 644.6 | 628.2 | ||||||||||||
| Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents | 17.9 | (8.4) | ||||||||||||
| Net change in cash, cash equivalents, and restricted cash and cash equivalents | 692.6 | 206.9 | ||||||||||||
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning of year (1) | 1,559.2 | 1,102.0 | ||||||||||||
| Cash, cash equivalents, and restricted cash and cash equivalents, end of period (1) | $ | 2,251.8 | $ | 1,308.9 | ||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
| Net Revenue and Net Bookings by Geographic Region, Distribution Channel, and Platform Mix | ||||||||||||||||||||||||||
| (in millions) | ||||||||||||||||||||||||||
| Three Months Ended December 31, 2025 |
Three Months Ended December 31, 2024 |
|||||||||||||||||||||||||
| Amount | % of total | Amount | % of total | |||||||||||||||||||||||
| Net revenue by geographic region | ||||||||||||||||||||||||||
| United States | $ | 1,012.2 | 60 | % | $ | 825.7 | 61 | % | ||||||||||||||||||
| International | 686.8 | 40 | % | 534.1 | 39 | % | ||||||||||||||||||||
| Total Net revenue | $ | 1,699.0 | 100 | % | $ | 1,359.8 | 100 | % | ||||||||||||||||||
| Net Bookings by geographic region | ||||||||||||||||||||||||||
| United States | $ | 1,047.0 | 60 | % | $ | 841.8 | 61 | % | ||||||||||||||||||
| International | 710.1 | 40 | % | 531.6 | 39 | % | ||||||||||||||||||||
| Total Net Bookings | $ | 1,757.1 | 100 | % | $ | 1,373.4 | 100 | % | ||||||||||||||||||
| Three Months Ended December 31, 2025 |
Three Months Ended December 31, 2024 |
|||||||||||||||||||||||||
| Amount | % of total | Amount | % of total | |||||||||||||||||||||||
| Net revenue by distribution channel | ||||||||||||||||||||||||||
| Digital online | $ | 1,654.5 | 97 | % | $ | 1,310.7 | 96 | % | ||||||||||||||||||
| Physical retail and other | 44.5 | 3 | % | 49.1 | 4 | % | ||||||||||||||||||||
| Total Net revenue | $ | 1,699.0 | 100 | % | $ | 1,359.8 | 100 | % | ||||||||||||||||||
| Net Bookings by distribution channel | ||||||||||||||||||||||||||
| Digital online | $ | 1,711.7 | 97 | % | $ | 1,324.0 | 96 | % | ||||||||||||||||||
| Physical retail and other | 45.4 | 3 | % | 49.4 | 4 | % | ||||||||||||||||||||
| Total Net Bookings | $ | 1,757.1 | 100 | % | $ | 1,373.4 | 100 | % | ||||||||||||||||||
| Three Months Ended December 31, 2025 |
Three Months Ended December 31, 2024 |
|||||||||||||||||||||||||
| Amount | % of total | Amount | % of total | |||||||||||||||||||||||
| Net revenue by platform | ||||||||||||||||||||||||||
| Mobile | $ | 865.8 | 51 | % | $ | 731.6 | 54 | % | ||||||||||||||||||
| Console | 652.1 | 38 | % | 507.9 | 37 | % | ||||||||||||||||||||
| PC and other | 181.1 | 11 | % | 120.3 | 9 | % | ||||||||||||||||||||
| Total Net revenue | $ | 1,699.0 | 100 | % | $ | 1,359.8 | 100 | % | ||||||||||||||||||
| Net Bookings by platform | ||||||||||||||||||||||||||
| Mobile | $ | 860.9 | 49 | % | $ | 709.5 | 52 | % | ||||||||||||||||||
| Console | 702.6 | 40 | % | 538.0 | 39 | % | ||||||||||||||||||||
| PC and other | 193.6 | 11 | % | 125.9 | 9 | % | ||||||||||||||||||||
| Total Net Bookings | $ | 1,757.1 | 100 | % | $ | 1,373.4 | 100 | % | ||||||||||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
| Net Revenue and Net Bookings by Geographic Region, Distribution Channel, and Platform Mix | ||||||||||||||||||||||||||
| (in millions) | ||||||||||||||||||||||||||
| Nine Months Ended December 31, 2025 |
Nine Months Ended December 31, 2024 |
|||||||||||||||||||||||||
| Amount | % of total | Amount | % of total | |||||||||||||||||||||||
| Net revenue by geographic region | ||||||||||||||||||||||||||
| United States | $ | 2,948.7 | 59 | % | $ | 2,460.7 | 61 | % | ||||||||||||||||||
| International | 2,027.9 | 41 | % | 1,590.4 | 39 | % | ||||||||||||||||||||
| Total Net revenue | $ | 4,976.6 | 100 | % | $ | 4,051.1 | 100 | % | ||||||||||||||||||
| Net Bookings by geographic region | ||||||||||||||||||||||||||
| United States | $ | 3,072.2 | 60 | % | $ | 2,484.7 | 61 | % | ||||||||||||||||||
| International | 2,068.5 | 40 | % | 1,581.8 | 39 | % | ||||||||||||||||||||
| Total Net Bookings | $ | 5,140.7 | 100 | % | $ | 4,066.5 | 100 | % | ||||||||||||||||||
| Nine Months Ended December 31, 2025 |
Nine Months Ended December 31, 2024 |
|||||||||||||||||||||||||
| Amount | % of total | Amount | % of total | |||||||||||||||||||||||
| Net revenue by distribution channel | ||||||||||||||||||||||||||
| Digital online | $ | 4,824.2 | 97 | % | $ | 3,906.2 | 96 | % | ||||||||||||||||||
| Physical retail and other | 152.4 | 3 | % | 144.9 | 4 | % | ||||||||||||||||||||
| Total Net revenue | $ | 4,976.6 | 100 | % | $ | 4,051.1 | 100 | % | ||||||||||||||||||
| Net Bookings by distribution channel | ||||||||||||||||||||||||||
| Digital online | $ | 4,988.0 | 97 | % | $ | 3,928.5 | 97 | % | ||||||||||||||||||
| Physical retail and other | 152.7 | 3 | % | 138.0 | 3 | % | ||||||||||||||||||||
| Total Net Bookings | $ | 5,140.7 | 100 | % | $ | 4,066.5 | 100 | % | ||||||||||||||||||
| Nine Months Ended December 31, 2025 |
Nine Months Ended December 31, 2024 |
|||||||||||||||||||||||||
| Amount | % of total | Amount | % of total | |||||||||||||||||||||||
| Net revenue by platform | ||||||||||||||||||||||||||
| Mobile | $ | 2,489.1 | 50 | % | $ | 2,194.3 | 54 | % | ||||||||||||||||||
| PC and other | 1,922.7 | 39 | % | 1,507.9 | 37 | % | ||||||||||||||||||||
| Console | 564.8 | 11 | % | 348.9 | 9 | % | ||||||||||||||||||||
| Total Net revenue | $ | 4,976.6 | 100 | % | $ | 4,051.1 | 100 | % | ||||||||||||||||||
| Net Bookings by platform | ||||||||||||||||||||||||||
| Mobile | $ | 2,471.8 | 48 | % | $ | 2,141.9 | 52 | % | ||||||||||||||||||
| PC and other | 2,084.9 | 41 | % | 1,565.7 | 39 | % | ||||||||||||||||||||
| Console | 584.0 | 11 | % | 358.9 | 9 | % | ||||||||||||||||||||
| Total Net Bookings | $ | 5,140.7 | 100.0 | % | $ | 4,066.5 | 100 | % | ||||||||||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES | |||||||||||||||||||||||||||||||||||
| ADDITIONAL DATA | |||||||||||||||||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||||||||||||||
| Three Months Ended December 31, 2025 | Net revenue | Cost of revenue- Product costs | Cost of revenue- Game intangibles | Cost of revenue- Licenses | Cost of revenue- Internal royalties | Cost of revenue- Software development costs and royalties | |||||||||||||||||||||||||||||
| As reported | $ | 1,699.0 | $ | 220.9 | $ | 160.1 | $ | 118.3 | $ | 167.4 | $ | 86.8 | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | 58.0 | 1.5 | (4.6) | ||||||||||||||||||||||||||||||||
| Stock-based compensation | (3.6) | ||||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | (0.6) | (160.1) | |||||||||||||||||||||||||||||||||
| Three Months Ended December 31, 2025 | Selling and marketing | Research and development | General and administrative | Depreciation and amortization | Business reorganization | Interest and other, net | |||||||||||||||||||||||||||||
| As reported | $ | 433.2 | $ | 282.7 | $ | 218.6 | $ | 49.1 | 0.6 | $ | (17.1) | ||||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | (1.6) | ||||||||||||||||||||||||||||||||||
| Stock-based compensation | (24.2) | (25.6) | (36.9) | ||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | (7.2) | (7.9) | |||||||||||||||||||||||||||||||||
| Acquisition related expenses | (0.3) | (3.7) | 4.5 | ||||||||||||||||||||||||||||||||
| Impact of business reorganization | (0.6) | ||||||||||||||||||||||||||||||||||
| Other | 0.1 | ||||||||||||||||||||||||||||||||||
| Three Months Ended December 31, 2024 | Net revenue | Cost of revenue - Product costs | Cost of revenue -Game intangibles | Cost of revenue- Licenses | Cost of revenue- Internal royalties | Cost of revenue- Software development costs and royalties | |||||||||||||||||||||||||||||
| As reported | $ | 1,359.8 | $ | 200.2 | $ | 171.1 | $ | 88.8 | $ | 103.1 | $ | 36.7 | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | 13.7 | 2.7 | 0.1 | (1.6) | |||||||||||||||||||||||||||||||
| Stock-based compensation | (2.6) | ||||||||||||||||||||||||||||||||||
| Amortization and impairment of acquired intangibles | (0.8) | (171.1) | |||||||||||||||||||||||||||||||||
| Three Months Ended December 31, 2024 | Selling and marketing | Research and development | General and administrative | Depreciation and amortization | Business reorganization | Interest and other, net | |||||||||||||||||||||||||||||
| As reported | $ | 388.9 | $ | 240.9 | $ | 189.6 | $ | 49.5 | $ | 23.1 | $ | (20.8) | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | 2.8 | ||||||||||||||||||||||||||||||||||
| Stock-based compensation | (22.4) | (26.1) | (31.8) | ||||||||||||||||||||||||||||||||
| Amortization and impairment of acquired intangibles | (1.0) | (7.2) | (9.2) | ||||||||||||||||||||||||||||||||
| Acquisition related expenses | (0.2) | (0.8) | 7.8 | 2.9 | |||||||||||||||||||||||||||||||
| Impact of business reorganization | (23.1) | ||||||||||||||||||||||||||||||||||
| Other | 3.4 | ||||||||||||||||||||||||||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES | |||||||||||||||||||||||||||||||||||
| ADDITIONAL DATA | |||||||||||||||||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||||||||||||||
| Nine Months Ended December 31, 2025 | Net revenue | Cost of revenue - Product costs | Cost of revenue - Game intangibles | Cost of revenue- Licenses | Cost of revenue- Internal royalties | Cost of revenue- Software development costs and royalties | |||||||||||||||||||||||||||||
| As reported | $ | 4,976.6 | $ | 660.6 | $ | 477.4 | $ | 343.6 | $ | 335.0 | $ | 289.0 | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | 164.1 | (0.6) | 0.6 | 1.9 | |||||||||||||||||||||||||||||||
| Stock-based compensation | 32.6 | ||||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | (2.1) | (477.4) | |||||||||||||||||||||||||||||||||
| Nine Months Ended December 31, 2025 | Selling and marketing | Research and development | General and administrative | Depreciation and amortization | Business reorganization | Interest and other, net | |||||||||||||||||||||||||||||
| As reported | $ | 1,378.6 | $ | 812.1 | $ | 650.6 | $ | 148.3 | $ | (3.5) | $ | (70.0) | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | (1.1) | ||||||||||||||||||||||||||||||||||
| Stock-based compensation | (73.8) | (71.8) | (113.9) | ||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | (21.5) | (24.2) | |||||||||||||||||||||||||||||||||
| Impact of business reorganization | 3.5 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | (1.0) | (10.6) | 11.5 | ||||||||||||||||||||||||||||||||
| Other | (1.4) | ||||||||||||||||||||||||||||||||||
| Nine Months Ended December 31, 2024 | Net revenue | Cost of revenue - Product costs | Cost of revenue - Game intangibles | Cost of revenue - Licenses | Cost of revenue - Internal royalties | Cost of revenue- Software development costs and royalties | |||||||||||||||||||||||||||||
| As reported | $ | 4,051.1 | $ | 616.0 | $ | 508.0 | $ | 241.1 | $ | 249.3 | $ | 177.8 | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | 15.5 | 0.3 | 1.7 | (0.5) | |||||||||||||||||||||||||||||||
| Stock-based compensation | (8.6) | ||||||||||||||||||||||||||||||||||
| Amortization and impairment of acquired intangibles | (2.4) | (508.0) | |||||||||||||||||||||||||||||||||
| Nine Months Ended December 31, 2024 | Selling and marketing | Research and development | General and administrative | Depreciation and amortization | Business reorganization | Interest and other, net | |||||||||||||||||||||||||||||
| As reported | $ | 1,281.6 | $ | 707.4 | $ | 653.1 | $ | 141.6 | $ | 89.4 | $ | (75.2) | |||||||||||||||||||||||
| Net effect from deferred revenue and related cost of revenue | 2.0 | ||||||||||||||||||||||||||||||||||
| Stock-based compensation | (68.1) | (75.5) | (92.2) | ||||||||||||||||||||||||||||||||
| Amortization and impairment of acquired intangibles | (4.1) | (21.5) | (27.4) | ||||||||||||||||||||||||||||||||
| Impact of business reorganization | (89.4) | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | (0.3) | (1.5) | (61.9) | 8.2 | |||||||||||||||||||||||||||||||
| Other | 13.8 | ||||||||||||||||||||||||||||||||||
| TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP MEASURE | ||||||||||||||||||||||||||
| (in millions) | ||||||||||||||||||||||||||
| Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
| Net loss | $ | (92.9) | $ | (125.2) | $ | (238.7) | $ | (752.7) | ||||||||||||||||||
| Provision for (benefit from) for income taxes | 37.1 | (27.7) | 53.6 | 63.3 | ||||||||||||||||||||||
| Interest expense | 13.6 | 12.2 | 52.7 | 50.0 | ||||||||||||||||||||||
| Depreciation and amortization | 49.1 | 49.5 | 148.3 | 141.6 | ||||||||||||||||||||||
| Amortization of acquired intangibles | 167.9 | 180.0 | 501.0 | 536.0 | ||||||||||||||||||||||
| EBITDA | $ | 174.8 | $ | 88.8 | $ | 516.9 | $ | 38.2 | ||||||||||||||||||
| Outlook | ||||||||
| Fiscal Year Ending March 31, 2026 | ||||||||
| Net loss | $(369) to $(338) |
|||||||
| Provision for income taxes | $82 to $75 |
|||||||
| Interest expense | $70 | |||||||
| Depreciation | $166 | |||||||
| Amortization of acquired intangibles | $708 |
|||||||
| EBITDA | $657 to $681 |
|||||||
| Outlook | ||||||||
| Three Months Ended March 31, 2026 | ||||||||
| Net loss | $(129) to $(99) |
|||||||
| Provision for income taxes | $28 to $21 |
|||||||
| Interest expense | $20 | |||||||
| Depreciation | $41 | |||||||
| Amortization of acquired intangibles | $178 | |||||||
| EBITDA | $138 to $161 |
|||||||