8-KEarnings & ResultsExhibits & Filings

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 6, 2019)

Filed February 6, 2019For Securities:TTWO

Summary

Take-Two Interactive Software, Inc. (TTWO) announced its financial results for the third fiscal quarter ended December 31, 2018, via a press release filed on February 6, 2019. While the filing itself is brief, it primarily serves to incorporate the detailed financial and operational information contained within the accompanying press release by reference. Investors should refer to Exhibit 99.1 for a comprehensive understanding of the company's performance during the quarter, including key revenue drivers, profitability, and any forward-looking statements. This 8-K filing is crucial for investors seeking the latest official financial update from TTWO. The information provided is subject to standard SEC disclaimers regarding its furnished nature, meaning it's not deemed "filed" for purposes of certain liabilities, but it represents the company's official reporting of its quarterly performance. The focus for investors will be on the details within the referenced press release, which would typically cover net bookings, earnings per share, operating cash flow, and any significant business developments or outlook updates.

Key Highlights

  • 1Take-Two Interactive Software, Inc. reported its Q3 fiscal year 2018 financial results on February 6, 2019.
  • 2The results are detailed in a press release (Exhibit 99.1) incorporated by reference into the 8-K filing.
  • 3Investors are directed to the press release for a full understanding of the quarter's financial performance.
  • 4The filing confirms that the company is an Emerging Growth Company.
  • 5The company has not elected to use the extended transition period for new or revised financial accounting standards.
  • 6Information furnished under Item 2.02 is not deemed "filed" for purposes of Section 18 of the Exchange Act or Sections 11 and 12(a)(2) of the Securities Act.
  • 7The press release contains the official announcement of financial results for the quarter ended December 31, 2018.

Frequently Asked Questions

The detailed financial results are located in the press release dated February 6, 2019, which is attached as Exhibit 99.1 to this 8-K filing and is incorporated by reference.

Being an Emerging Growth Company allows Take-Two Interactive to take advantage of certain regulatory accommodations, such as an extended transition period for complying with new or revised accounting standards. However, this filing indicates they have elected not to use that extended period for new accounting standards.

When information is 'furnished' under Item 2.02, it means the company is providing the information officially, but it is not subject to the same level of liability under certain sections of securities laws (specifically Section 18 of the Exchange Act and Sections 11 and 12(a)(2) of the Securities Act) as if it were 'filed'. It also means this information won't be automatically incorporated into other SEC filings unless specifically referenced.

Investors should look for metrics such as net bookings, revenue, net income (or loss), earnings per share (EPS), operating cash flow, and any commentary on sales performance of key titles or upcoming product releases. Guidance for future periods, if provided, is also a critical component.