Summary
Take-Two Interactive Software, Inc.'s (TTWO) 10-Q filing as of October 24, 2014, primarily details amendments to existing agreements, specifically an amendment to the Xbox One Publisher License Agreement with Microsoft Licensing, GP. While this filing doesn't provide extensive financial performance details, it signals ongoing operational activities and contractual relationships with key platform partners. Investors should note that this document focuses on specific contractual updates rather than a comprehensive financial review, suggesting that broader financial performance is likely covered in other sections or filings not provided here.
Financial Highlights
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Financial Statements
Beta
| Revenue | $125.42M |
| Cost of Revenue | $54.16M |
| Gross Profit | $71.27M |
| Operating Expenses | $104.48M |
| Operating Income | -$33.21M |
| Net Income | -$35.40M |
| EPS (Basic) | $-0.45 |
| EPS (Diluted) | $-0.45 |
| Shares Outstanding (Basic) | 79.37M |
Key Highlights
- 1Amendment to Xbox One Publisher License Agreement with Microsoft Licensing, GP dated May 7, 2014.
- 2Indicates continued engagement and contractual adjustments with major console platform providers.
- 3The filing is primarily focused on specific exhibits, suggesting other parts of the 10-Q contain more substantive financial and operational details.
- 4Highlights the company's active management of its licensing and distribution agreements.
- 5The mention of the Chief Executive Officer's certification (Exhibit 31.1) underscores corporate governance and compliance efforts.
Frequently Asked Questions
This filing primarily serves to disclose specific exhibits, notably an amendment to the company's Xbox One Publisher License Agreement with Microsoft. It details contractual updates rather than providing a full financial performance overview.
This excerpt does not contain detailed financial results. It focuses on specific exhibits, such as contractual amendments. Investors should refer to other sections of the 10-Q or subsequent filings for comprehensive financial performance data.
The amendment signifies that Take-Two Interactive is actively managing its relationship and terms with a key platform partner (Microsoft for Xbox One). This is crucial for game distribution and revenue generation on that platform.
This specific excerpt does not detail immediate financial implications. The amendment itself suggests ongoing business operations and potential future revenue streams related to the Xbox One platform, but concrete financial impacts are not quantified here.