Summary
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on August 2, 2016, to disclose changes in its presentation of non-GAAP financial measures. This change is effective immediately and will be applied starting with the earnings release for the first fiscal quarter ended June 30, 2016, scheduled for August 4, 2016. While the filing itself does not contain detailed financial results, it signals a modification in how the company communicates its financial performance to investors, focusing on how certain non-GAAP metrics will be presented going forward.
Key Highlights
- 1Company announced changes to its use of non-GAAP financial measures.
- 2The changes will be implemented starting with the Q1 2016 earnings release.
- 3The Q1 2016 earnings report was scheduled for August 4, 2016.
- 4The filing is primarily a Regulation FD disclosure regarding this reporting change.
- 5No new financial results are reported in this specific 8-K filing.
- 6The press release detailing these changes is attached as an exhibit.