01—Abstract
Summary
Summary of the 10-Q/A filed October 24, 2014. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Amendment to Xbox One Publisher License Agreement with Microsoft Licensing, GP dated May 7, 2014.
- Indicates continued engagement and contractual adjustments with major console platform providers.
- The filing is primarily focused on specific exhibits, suggesting other parts of the 10-Q contain more substantive financial and operational details.
- Highlights the company's active management of its licensing and distribution agreements.
- The mention of the Chief Executive Officer's certification (Exhibit 31.1) underscores corporate governance and compliance efforts.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q1 FY2015, Take Two Interactive Software Inc lost $0.28.
- Revenue$125.4M100.0%
- Cost of revenue−$54.2M43.2%
- Gross profit$71.3M56.8%
- Operating costs−$104.5M83.3%
- Operating income−$33.2M26.5%
- Interest, other & tax−$2.2M1.7%
- Net income−$35.4M28.2%
04—Financials
Financial Highlights
Figures from 10-Q/AQ1 FY2015filed October 24, 2014Financial Statements
Q1 FY2015 against Q1 FY2014
| Line item | Q1 FY2015Q1 FY2014 | Change |
|---|---|---|
| Revenue | $125.42M$142.67M | −12.1% |
| Cost of Revenue | $54.16M$93.84M | −42.3% |
| Gross Profit | $71.27M$48.83M | +46.0% |
| Operating Expenses | $104.48M$98.39M | +6.2% |
| Operating Income | -$33.21M-$49.56M | +33.0% |
| Net Income | -$35.40M-$61.91M | +42.8% |
| EPS (Basic) | $-0.45$-0.71 | +36.6% |
| EPS (Diluted) | $-0.45$-0.71 | +36.6% |
| Shares Outstanding (Basic) | 79.37M86.99M | −8.8% |
05—Questions
Frequently Asked Questions
What is the main purpose of this 10-Q filing?
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.
Does this filing provide detailed financial results for the quarter?
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.
What is the significance of the Xbox One Publisher License Agreement amendment?
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.
Are there any immediate financial implications mentioned in this filing excerpt?
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.
06—Continue