TTWO SEC Filings

TAKE TWO INTERACTIVE SOFTWARE INC - 411 total filings

Showing 1–50 of 411 filings
10-K

TAKE TWO INTERACTIVE SOFTWARE INC Annual Report, Year Ended Mar 31, 2026

May 22, 2026

Take-Two Interactive Software, Inc. reported solid financial performance for the fiscal year ended March 31, 2026, with net revenue increasing by 18.2% to $6.66 billion, driven by strong contributions from key franchises like NBA 2K, Grand Theft Auto, Borderlands, Red Dead Redemption, and top mobile titles such as Toon Blast and Match Factory!. The company also saw a significant improvement in its operating loss, which narrowed substantially compared to the prior year, largely due to the absence of large goodwill impairment charges from the previous period and higher sales. Looking ahead, the highly anticipated release of Grand Theft Auto VI in November 2026 is poised to be a major revenue driver. The company continues to focus on recurrent consumer spending, which made up a significant 78.1% of its net revenue, highlighting the success of its live services and in-game purchase strategies. Take-Two also maintains a strong liquidity position with substantial cash and cash equivalents, and significant availability under its credit facility, providing flexibility for future investments and operations.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 21, 2026)

May 21, 2026

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on May 21, 2026, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026. The company has released a press release detailing these results, which is incorporated by reference into this filing. Investors should note that the information furnished under Item 2.02 is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated into other filings unless specifically stated. The primary purpose of this filing is to provide timely public access to the company's latest financial performance figures. While the 8-K itself is procedural and incorporates the press release for substantive details, the key takeaway for investors is to review the attached press release (Exhibit 99.1) for specific metrics on revenue, profitability, and any forward-looking statements regarding the company's outlook. The filing confirms the release date and nature of the financial announcement, serving as the official notification mechanism.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q3 Ended Dec 31, 2025

Feb 4, 2026

Take-Two Interactive Software, Inc. (TTWO) reported its third-quarter fiscal year 2026 results on February 4, 2026. The company demonstrated robust revenue growth, with total net revenue increasing by 24.9% to $1.7 billion for the three months ended December 31, 2025, compared to the prior year. This growth was driven by strong performance across key franchises including NBA 2K, Grand Theft Auto, and newer titles like Color Block Jam. Recurrent consumer spending (RCS) continues to be a significant revenue driver, accounting for 76.8% of net revenue for the quarter. Financially, the company has improved its net loss position year-over-year, reporting a net loss of $92.9 million for the quarter, an improvement from $125.2 million in the prior year. This improvement, coupled with a 27.9% increase in Net Bookings to $1.8 billion for the quarter, indicates positive momentum. The company also ended the period with a stronger balance sheet, boasting $2.3 billion in cash, cash equivalents, and restricted cash, up from $1.6 billion at the start of the fiscal year, reflecting successful financing activities including an equity issuance. Looking ahead, the highly anticipated release of Grand Theft Auto VI in November 2026 is a key event to monitor for future growth.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 3, 2026)

Feb 3, 2026

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on February 3, 2026, to announce its financial results for the third fiscal quarter ended December 31, 2025. The filing primarily serves to incorporate by reference the press release containing these results, which is attached as Exhibit 99.1. Investors should refer to this press release for detailed financial performance metrics, operational updates, and forward-looking statements. The report specifies that the information furnished under Item 2.02 is not deemed "filed" for regulatory purposes and will not be automatically incorporated into future Company filings unless expressly stated. This is standard procedure for earnings releases furnished via 8-K. Therefore, the core of the investor analysis will be within the attached press release.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q2 Ended Sep 30, 2025

Nov 7, 2025

Take-Two Interactive Software, Inc. (TTWO) reported its financial results for the quarter and six months ended September 30, 2025. The company experienced a significant increase in net revenue driven by strong performance in its console and PC game segments, particularly from franchises like NBA 2K, Borderlands, and Mafia, along with the new release of Color Block Jam. This growth, coupled with improved gross profit margins, led to a substantial reduction in net loss compared to the prior year period. Despite the revenue growth and reduced losses, the company continues to invest heavily in research and development and selling and marketing expenses to support its future product pipeline, including the highly anticipated Grand Theft Auto VI set for release in November 2026. The company's liquidity remains strong, with ample cash and cash equivalents and an undrawn revolving credit facility, positioning it to manage its ongoing operational needs and strategic investments.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 6, 2025)

Nov 6, 2025

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on November 6, 2025, to announce its financial results for the second fiscal quarter ended September 30, 2025. The primary focus of this filing is the dissemination of these results, which are detailed in an attached press release (Exhibit 99.1). Investors should refer to this press release for comprehensive details on the company's operational performance and financial condition during the quarter. This report serves as a notification of the financial outcomes for the period. As is customary with Item 2.02 filings, the information furnished is not considered 'filed' for the purposes of certain SEC regulations, meaning it does not carry the same liability implications as formally filed documents. Investors should note that this information will not be automatically incorporated into future SEC filings unless specifically referenced.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Sep 19, 2025)

Sep 19, 2025

Take-Two Interactive Software, Inc. (TTWO) announced on September 19, 2025, that its stockholders approved key proposals at the company's annual meeting held on September 18, 2025. The most significant development for investors is the stockholder approval of an amendment and restatement of the 2017 Stock Incentive Plan. This amendment increases the number of shares reserved for issuance under the plan by 5.2 million and extends the plan's term by ten years, until September 18, 2035. Additionally, the company reported that all director nominees were elected, and advisory votes approved the compensation of named executive officers and ratified the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2026. These outcomes indicate continued board stability and alignment on compensation and auditing practices, providing a stable backdrop for the company's future operations and incentive programs.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 10, 2025)

Sep 10, 2025

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report indicating that its senior management and certain Board of Directors members will commence using new investor presentation materials, effective September 10, 2025. These materials, detailed in Exhibit 99.1, are intended for use when engaging with existing shareholders. While the 8-K itself does not contain new financial results or strategic decisions, it signals an upcoming phase of enhanced investor communication. The included cautionary note highlights the forward-looking nature of the information within the presentation, emphasizing potential risks and uncertainties that could materially affect future outcomes, such as game release success, international business challenges, economic factors like inflation and interest rates, and dependence on key products and personnel.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Sep 5, 2025)

Sep 5, 2025

Take-Two Interactive Software, Inc. (TTWO) announced on September 5, 2025, through an 8-K filing, the adoption of a new Nonqualified Deferred Compensation Plan, effective September 1, 2025. This plan, named the Take-Two Interactive Software, Inc. Deferred Compensation Plan, is designed for a select group of management and highly compensated employees, including named executive officers, as well as directors. It allows eligible participants to defer a portion of their compensation, such as base salary, annual cash bonuses, and director fees, into a deferred compensation account.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 7, 2025)

Aug 7, 2025

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on August 7, 2025, to announce its financial results for the first fiscal quarter ended June 30, 2025. The report primarily incorporates a press release detailing these results, which is attached as an exhibit. Investors should refer to the press release (Exhibit 99.1) for specific financial performance metrics, including revenue, profitability, and any forward-looking guidance. The company has elected not to use the extended transition period for new or revised accounting standards, indicating a commitment to timely adoption of updated financial reporting. This filing serves as the primary vehicle for disclosing the quarter's performance. It is important to note that information furnished under Item 2.02 is generally considered non-filed and does not carry the same liabilities as formally filed information under certain sections of the Securities Act and Exchange Act. Investors should carefully review the accompanying press release for detailed operational and financial insights, as well as any management commentary on business trends and future outlook.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q1 Ended Jun 30, 2025

Aug 7, 2025

Take-Two Interactive Software, Inc. (TTWO) reported its fiscal second quarter 2025 results, demonstrating significant year-over-year revenue growth driven by strong performance in mobile and console segments. Net revenue increased by 12.4% to $1.50 billion, with Recurrent Consumer Spending (RCS) continuing to be a primary revenue driver, accounting for 83.5% of total net revenue. This growth was primarily fueled by the success of "Color Block Jam" and the "NBA 2K" franchise, alongside contributions from the "Grand Theft Auto" series. The company has also made strategic moves to bolster its financial position, including an expanded revolving credit facility and a significant equity issuance to fund general corporate purposes, potentially including debt repayment and future acquisitions. While the company reported a net loss of $11.9 million ($0.07 per share), this represents a substantial improvement from the prior year's net loss of $262.0 million ($1.52 per share), reflecting improved operational efficiency and effective cost management. The company's cash position strengthened significantly due to financing activities, ending the quarter with $2.12 billion in cash, cash equivalents, and restricted cash.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (May 22, 2025)

May 22, 2025

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report detailing a significant equity offering. The company entered into an underwriting agreement on May 20, 2025, to sell a total of 5,462,500 shares of its common stock at a price of $225.00 per share. This total includes the initial 4,750,000 shares and an additional 712,500 shares purchased by the underwriters exercising their option. The offering, registered under Form S-3, closed on May 22, 2025. This equity issuance provides the company with a substantial capital infusion. Investors should note that the proceeds from this offering are not explicitly detailed in this filing, but such capital can be used for various corporate purposes, including funding future game development, acquisitions, debt reduction, or general working capital. The sale of stock at a premium price of $225.00 per share indicates market confidence and demand for TTWO's shares at the time of the offering.

10-K

TAKE TWO INTERACTIVE SOFTWARE INC Annual Report, Year Ended Mar 31, 2025

May 20, 2025

Take-Two Interactive Software, Inc. (TTWO) reported its fiscal year results ending March 31, 2025, demonstrating revenue growth driven by strong performance in recurrent consumer spending and key franchises like NBA 2K and Sid Meier's Civilization. The company experienced a significant increase in net revenue, reaching $5,633.6 million, a 5.3% rise year-over-year. This growth was notably supported by mobile gaming, which now constitutes over half of the company's total net revenue, highlighting the success of titles such as Match Factory! and Toon Blast. Despite revenue growth, the company reported a substantial net loss of $4,478.9 million. This loss was heavily impacted by significant goodwill impairment charges of $3,545.2 million, primarily related to a reporting unit whose performance has declined due to industry conditions and strategic shifts. The company continues to invest heavily in research and development to maintain its competitive edge and is strategically positioned for future growth with upcoming releases, including Grand Theft Auto VI slated for May 2026.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 15, 2025)

May 15, 2025

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on May 15, 2025, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2025. The core of this filing is the attached press release (Exhibit 99.1), which provides the detailed financial performance for the period. Investors should refer to this press release for specific revenue, profitability, and any forward-looking statements or guidance provided by the company. The filing itself, under Item 2.02, is a notification mechanism for these results, and the information therein is furnished rather than filed. This means it does not carry the same liability as formally filed documents under Sections 18, 11, and 12(a)(2) of the Securities Acts, nor will it be automatically incorporated into future SEC filings unless explicitly stated. The primary actionable information for investors will be contained within the press release itself.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Regulation FD Disclosure (May 2, 2025)

May 2, 2025

Take-Two Interactive Software, Inc. (TTWO) has filed a Current Report on Form 8-K dated May 2, 2025, primarily to disclose information through a press release furnished as Exhibit 99.1. While the specific content of the press release is not detailed in the provided 8-K excerpt, its issuance under Regulation FD indicates it contains material information that the company wishes to disseminate to the public. Investors should review the attached press release for details on any significant announcements regarding the company's business, financial performance, strategic initiatives, or upcoming events. It is important to note that the information provided in Item 7.01 and Exhibit 99.1 is furnished and not filed with the SEC. This means it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934 and is not automatically incorporated by reference into the company's other SEC filings. Therefore, investors should carefully consider the information within the press release itself as the primary source for any new disclosures.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q3 Ended Dec 31, 2024

Feb 7, 2025

Take-Two Interactive Software, Inc. (TTWO) reported its financial results for the quarter ending December 31, 2024. The company experienced a slight decrease in total net revenue for the quarter, down 0.5% year-over-year to $1,359.8 million. However, this was accompanied by a significant improvement in gross profit margin, which rose to 55.9% from 49.7% in the prior year period. This margin expansion was primarily driven by lower amortization of intangible assets and reduced internal royalties. Despite the revenue dip, the company saw growth in its Recurrent Consumer Spending (RCS) segment, which now represents 80.0% of net revenue. Mobile revenue also showed an increase, contributing 53.8% to total net revenue. Management highlighted the upcoming release of Grand Theft Auto VI in the fall of calendar year 2025 as a key future driver. While the company incurred a net loss of $125.2 million for the quarter, an increase from the previous year's loss of $91.6 million, the company ended the period with a solid cash position and available borrowing capacity, indicating a stable liquidity outlook.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 6, 2025)

Feb 6, 2025

Take-Two Interactive Software, Inc. has filed an 8-K report on February 6, 2025, to announce its financial results for the third fiscal quarter ended December 31, 2024. The report primarily serves to attach the press release containing these operational and financial outcomes. Investors should refer to Exhibit 99.1, the press release itself, for detailed financial performance information, as this 8-K filing primarily acts as a notification and incorporation mechanism.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q2 Ended Sep 30, 2024

Nov 7, 2024

Take-Two Interactive Software, Inc. (TTWO) reported its financial results for the second quarter of fiscal year 2025, ending September 30, 2024. The company saw a modest increase in net revenue, driven primarily by its mobile segment and strong performance from titles like "Match Factory!" and "Toon Blast." Gross profit saw a significant improvement year-over-year, largely due to lower amortization of intangible assets and reduced internal royalties, which more than offset higher digital platform fees. While the company continues to invest heavily in research and development and faces increased selling and marketing expenses, the overall operating expenses, excluding goodwill impairment charges from the prior year, saw a manageable increase. The company also reported progress in its cost reduction program, impacting business reorganization expenses. Despite ongoing investments and some operational cost increases, Take-Two's focus on recurrent consumer spending, digital distribution, and strategic acquisitions like Gearbox positions it for future growth. The upcoming release of "Grand Theft Auto VI" in Fall 2025 remains a key event to watch.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 6, 2024)

Nov 6, 2024

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on November 6, 2024, to announce its financial results for the second fiscal quarter ended September 30, 2024. The core of this filing is the accompanying press release (Exhibit 99.1), which provides the detailed financial performance for the quarter. Investors should focus on the contents of this press release for specific revenue, earnings, and operational metrics. While this 8-K primarily serves as a notification and incorporates the press release by reference, it's crucial for investors to review Exhibit 99.1 directly for insights into the company's current financial health, any forward-looking statements made, and the overall strategic direction communicated by management. The filing itself does not contain new financial data but points investors to the official earnings release.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Shareholder Vote Results (Sep 23, 2024)

Sep 23, 2024

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K detailing the outcomes of its Annual Meeting of Stockholders held on September 18, 2024. The report confirms that all incumbent directors were overwhelmingly re-elected for terms expiring at the 2025 annual meeting. Additionally, stockholders provided advisory approval for the compensation of the company's named executive officers and ratified the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2025. These results indicate strong support from shareholders for the current board of directors and the company's executive compensation practices. The ratification of the auditor also signifies confidence in the company's financial oversight and reporting. Investors can view these outcomes as positive signs of stability and alignment between management and the shareholder base.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 16, 2024)

Sep 16, 2024

Take-Two Interactive Software, Inc. (TTWO) has disclosed an unfavorable jury verdict in a patent infringement lawsuit filed by IBM against its subsidiary, Zynga Inc. The jury found that certain Zynga games infringed on IBM's U.S. Patent Nos. 7,072,849 and 7,702,719, awarding IBM damages of $44.9 million. This development, stemming from a trial that concluded on September 13, 2024, is a significant event for the company, although the patents in question have since expired. Despite the verdict, Zynga is not required to alter or cease operations of the implicated games. The company maintains that the verdict is not supported by the facts and law, and has stated its intention to pursue post-trial motions and an appeal to overturn the decision and reduce or eliminate the awarded damages. Investors should monitor the company's progress in these legal proceedings as they may impact future financial results.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q1 Ended Jun 30, 2024

Aug 9, 2024

Take-Two Interactive Software, Inc. (TTWO) reported its fiscal first-quarter 2025 results, facing a net loss of $262.0 million, a wider deficit compared to the $206.0 million loss in the prior year's comparable quarter. This widening loss was primarily driven by increased operating expenses, particularly related to business reorganization charges and selling and marketing costs, alongside a significant increase in the provision for income taxes. Despite the loss, total net revenue saw a modest increase of 4.2% to $1.338 billion, largely fueled by strong performance in mobile gaming, particularly from titles like "Match Factory!" and "Toon Blast," and a modest uptick in console revenue driven by "Red Dead Redemption" and new releases like "TopSpin 2K25." The company also announced the completion of its acquisition of The Gearbox Entertainment Company for approximately $440.7 million, aiming to bolster its creative talent and intellectual property portfolio. While revenue growth is positive, investors should monitor the impact of ongoing restructuring efforts and the substantial goodwill associated with acquisitions. The company reiterated its plan to release "Grand Theft Auto VI" in Fall 2025, which remains a key catalyst for future growth, though the wider net loss and increased expenses warrant close attention.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 8, 2024)

Aug 8, 2024

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on August 8, 2024, to announce its financial results for the first fiscal quarter ended June 30, 2024. The filing incorporates by reference a press release (Exhibit 99.1) which contains the detailed financial outcomes for the quarter. Investors should review this press release for comprehensive insights into the company's performance, including key metrics such as revenue, profitability, and any forward-looking guidance provided by management. While this 8-K itself is a procedural filing to announce the release of the press release, the substance of the financial results and any strategic commentary will be found within Exhibit 99.1. This exhibit is crucial for understanding the company's current operational health and its outlook for the remainder of the fiscal year, particularly in the context of the interactive entertainment industry.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Jun 14, 2024)

Jun 14, 2024

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report detailing a secondary public offering of its common stock. On June 12, 2024, Embracer Group AB, the Selling Shareholder, entered into an underwriting agreement with Goldman Sachs & Co. LLC to sell 2,830,084 shares of TTWO's common stock. These shares were recently acquired by Embracer Group as part of Take-Two's acquisition of The Gearbox Entertainment Company, Inc., which closed on June 11, 2024. Importantly, Take-Two Interactive will not receive any proceeds from this sale, as it is a resale of existing shares by the Selling Shareholder. The offering was priced and closed on June 14, 2024. The company also included standard forward-looking statements and references to its SEC filings for a comprehensive understanding of risks and uncertainties.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Jun 12, 2024)

Jun 12, 2024

Take-Two Interactive Software, Inc. (TTWO) announced the completion of a public offering and sale of $600 million in aggregate principal amount of senior notes. This offering consists of $300 million of 5.400% Senior Notes due 2029 and $300 million of 5.600% Senior Notes due 2034. The proceeds from this offering will likely be used to fund general corporate purposes, which could include potential acquisitions or investments, given the company's typical capital allocation strategy. These notes are senior unsecured obligations and rank equally with other unsubordinated debt. The offering introduces new debt maturity dates in 2029 and 2034, with semi-annual interest payments. The company retains the option to redeem these notes under specific conditions. The filing also includes standard covenants and provisions related to change of control and events of default, which are typical for such debt issuances.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K/A Report, Unregistered Securities Sale (Jun 11, 2024)

Jun 11, 2024

Take-Two Interactive Software Inc. (TTWO) has officially closed its acquisition of The Gearbox Entertainment Company, Inc. as of June 11, 2024. This transaction was financed through the issuance of 2,830,084 unregistered shares of Take-Two's common stock to Gearbox Parent. The number of shares issued was determined based on the agreed-upon valuation formula within the Share Purchase Agreement, which linked the share count to the volume-weighted average closing price of Take-Two's stock in the days leading up to the closing. These newly issued shares are not registered under the Securities Act of 1933 and were issued under the exemption provided by Section 4(a)(2) of the Securities Act. This means the shares were not offered to the public and the issuance was restricted to a sophisticated party, in this case, the seller of Gearbox. Investors should note that while this is a significant strategic acquisition, the immediate impact on share count has increased, and these specific shares are not immediately tradable on the open market by the recipient.

10-K

TAKE TWO INTERACTIVE SOFTWARE INC Annual Report, Year Ended Mar 31, 2024

May 22, 2024

Take-Two Interactive Software, Inc. (TTWO) reported its annual results for the fiscal year ended March 31, 2024, highlighting a year of significant investment and strategic development. While net revenue remained largely flat at $5.35 billion, the company incurred a substantial net loss of $3.74 billion, largely driven by a significant goodwill impairment charge of $2.34 billion. This impairment reflects a reassessment of certain reporting units' value in light of industry conditions and strategic shifts. Despite the net loss, the company continues to invest heavily in its development pipeline, with a strong focus on its core franchises like Grand Theft Auto, Red Dead Redemption, and the NBA 2K series. The upcoming release of Grand Theft Auto VI in Fall 2025 is a key strategic focus and a significant anticipated revenue driver. The company is also actively managing its debt, having completed several senior note offerings and refinancing activities. Financially, the company ended the fiscal year with $1.10 billion in cash and cash equivalents. A notable recent development is the pending acquisition of Gearbox Entertainment, which is expected to close in the first quarter of fiscal year 2025, aiming to further bolster its intellectual property portfolio. The company continues to emphasize recurrent consumer spending through add-on content and in-game purchases, which represented approximately 78.8% of net revenue, underscoring a shift towards sustained player engagement and revenue.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 16, 2024)

May 16, 2024

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 16, 2024, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024. The report incorporates by reference a press release (Exhibit 99.1) containing these results, which is the primary source of information for investors regarding the company's performance during this period. While the 8-K itself is a formal filing, the detailed financial performance metrics, including revenue, profitability, and any forward-looking statements or guidance, are contained within the attached press release. Investors should refer to Exhibit 99.1 for specific figures and commentary on the company's operational and financial condition. Please note that the information furnished under Item 2.02 is not considered "filed" for regulatory purposes and is not automatically incorporated into future SEC filings.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Exit or Disposal Costs (Apr 16, 2024)

Apr 16, 2024

Take-Two Interactive Software, Inc. (TTWO) announced a significant cost reduction program on April 16, 2024, designed to enhance its margin profile while continuing to invest in growth. This plan involves rationalizing its development pipeline by canceling several projects and streamlining its organizational structure, which will lead to workforce reductions and reduced future hiring. Investors should note that these actions are expected to incur substantial charges, impacting the company's near-term financial results. The program is estimated to result in total charges of approximately $160 million to $200 million, with a portion of these ($40 million to $60 million) expected to involve future cash expenditures. The charges are primarily related to title cancellations ($120 million to $140 million), employee severance and related costs ($25 million to $35 million), and office space reductions ($15 million to $25 million). The company anticipates achieving over $165 million in annual cost savings from this initiative and expects the program to be largely completed by the end of 2024, impacting approximately 5% of its workforce.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Apr 1, 2024)

Apr 1, 2024

Take-Two Interactive Software, Inc. (TTWO) has entered into a definitive agreement to acquire The Gearbox Entertainment Company, Inc. for a base purchase price of $460 million. This acquisition will be paid for using newly issued shares of Take-Two's common stock. The deal is structured as a stock purchase, where Take-Two's subsidiary will acquire 100% of Gearbox's capital stock from Gearbox Seller, an entity within Embracer Group AB. The transaction is subject to customary closing conditions, including regulatory approvals such as the Hart-Scott Rodino Antitrust Improvements Act. The closing is expected to occur on the third business day following the satisfaction of these conditions, or six business days after Take-Two announces its fiscal year-end earnings. The agreement also includes provisions for customary representations, warranties, and pre-closing covenants to ensure the ordinary course operation of Gearbox's business.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Regulation FD Disclosure (Mar 28, 2024)

Mar 28, 2024

Take-Two Interactive Software announced on March 27, 2024, that it has entered into a definitive agreement to acquire The Gearbox Entertainment Company Inc. from Embracer Group AB. This strategic acquisition is a significant development for Take-Two, as Gearbox is renowned for its popular franchises, most notably the Borderlands series. The transaction is expected to strengthen Take-Two's intellectual property portfolio and enhance its game development capabilities, particularly within the action and shooter genres. Investors should closely monitor the terms of the deal and any potential impact on Take-Two's financial performance and long-term growth strategy, as the integration of Gearbox could unlock new opportunities and revenue streams. The acquisition is a key move for Take-Two as it continues to expand its presence in the gaming market. The inclusion of Gearbox's established IP and talented development team is anticipated to contribute to the company's pipeline of future games and potential franchise expansions. While the filing itself, an 8-K, primarily serves to disclose this material event via a press release, the strategic implications of acquiring a studio with such a strong track record are paramount for understanding Take-Two's future direction and competitive positioning.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q3 Ended Dec 31, 2023

Feb 9, 2024

Take-Two Interactive Software, Inc. (TTWO) reported its third-quarter fiscal year 2024 results, ending December 31, 2023. The company experienced a net loss of $91.6 million for the quarter, a slight improvement from the $153.4 million net loss in the same period last year. Total net revenue was $1.37 billion, down 2.9% year-over-year, primarily due to lower contributions from mobile games and console titles, partially offset by strong performance in the Grand Theft Auto and Red Dead Redemption franchises. The company also recognized a significant goodwill impairment charge of $165.4 million and intangible asset impairments totaling $273.1 million for the nine-month period, reflecting challenges in certain game titles. Despite the quarterly revenue decline, Net Bookings, a key operating metric, saw a modest increase of 2.4% for the nine-month period, driven by the inclusion of Zynga and recent mobile game launches. The company's balance sheet shows robust liquidity with cash and cash equivalents totaling $1.19 billion. Debt levels remain significant, with long-term debt at $2.71 billion, though the company recently completed an add-on offering of senior notes and intends to use proceeds for general corporate purposes, including the retirement of maturing debt. Investors will be closely watching the upcoming release of Grand Theft Auto VI in 2025 as a major potential catalyst for future growth.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 8, 2024)

Feb 8, 2024

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on February 8, 2024, to announce its financial results for the third fiscal quarter ended December 31, 2023. The press release detailing these results, furnished as Exhibit 99.1, is incorporated by reference into this filing. Investors should note that information furnished under Item 2.02 of an 8-K is typically considered non-public information that is being disclosed to the public and is not deemed "filed" for purposes of certain securities regulations, meaning it does not automatically become part of previously filed registration statements. Therefore, investors should rely on the press release itself for the specific financial and operational details of the quarter.

8-K

TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Jan 8, 2024)

Jan 8, 2024

Take-Two Interactive Software, Inc. (TTWO) announced on January 8, 2024, the successful completion of an add-on offering of senior notes, raising $350 million in aggregate principal amount. This issuance comprises $50 million of 5.000% Senior Notes due 2026 and $300 million of 4.950% Senior Notes due 2028. These new notes were issued under the existing indenture and are fungible with the previously issued senior notes, meaning they have the same terms and CUSIP numbers, effectively increasing the total outstanding principal for these debt instruments. This financing strengthens the company's liquidity position, providing additional capital for its operations or strategic initiatives. The notes are senior unsecured obligations of the company, ranking equally with other unsubordinated debt. Key terms include semi-annual interest payments and maturity dates in March 2026 and March 2028, respectively. The issuance and details of the new notes are governed by a master indenture and supplemental indentures previously filed with the SEC.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q2 Ended Sep 30, 2023

Nov 9, 2023

Take-Two Interactive Software, Inc. reported a net loss of $543.6 million for the third quarter of fiscal year 2024, compared to a net loss of $257.0 million in the same period last year. Revenue for the quarter was $1.30 billion, a decrease of 6.8% year-over-year, primarily driven by lower net revenue from mobile games and certain key franchises. The company experienced significant operating expenses, including a $165.4 million goodwill impairment charge and increased cost of revenue. Despite the net loss, the company's Net Bookings showed a modest increase year-over-year for the six-month period, largely driven by the acquisition of Zynga and a strong performance in the recurrent consumer spending (RCS) segment. Management highlighted ongoing investments in content and strategic initiatives, while also managing debt obligations, including the repayment of a portion of its 2024 Notes.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 8, 2023)

Nov 8, 2023

Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on November 8, 2023, primarily to disclose its financial results for the second fiscal quarter ended September 30, 2023. The report incorporates by reference a press release (Exhibit 99.1) detailing these results. While this filing doesn't provide specific financial figures within the 8-K itself, it signals the official communication of the company's performance during the quarter. Investors should refer to the referenced press release for detailed financial performance, including revenue, net income, earnings per share, and any forward-looking guidance. This filing serves as the formal notification mechanism for these important updates, which are crucial for assessing the company's current operational health and future prospects within the interactive entertainment industry.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Sep 21, 2023)

Sep 21, 2023

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on September 21, 2023, detailing outcomes from its annual stockholder meeting held on the same day. The primary focus for investors is the stockholder approval of the amendment and restatement of the 2017 Stock Incentive Plan. This amendment significantly alters the share reserve structure related to the Zynga acquisition, reducing the specific Zynga-assumed shares reserved for limited employees to zero, while increasing the overall plan reserve by 5.5 million shares available for all eligible employees. Additionally, it allows for the recycling of forfeited Zynga-assumed awards for broader employee distribution. The filing also confirms the election of all nominated directors for the upcoming year and provides an advisory vote result on executive compensation, which was approved by stockholders. Furthermore, the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2024, was ratified. These events reflect key governance decisions and adjustments to long-term incentive structures.

10-Q

TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q1 Ended Jun 30, 2023

Aug 9, 2023

Take-Two Interactive Software, Inc. (TTWO) reported its first-quarter fiscal year 2024 results, showcasing a notable increase in net revenue to $1.28 billion, up 16.5% year-over-year, primarily driven by the strong performance of its mobile segment and the continued contribution of its acquired Zynga assets. Recurrent consumer spending (RCS) also saw significant growth, representing 83.2% of net revenue. Despite the revenue increase, the company reported a net loss of $206.0 million, or $1.22 per share, a widening from the $104.0 million loss in the prior year period, reflecting increased operating expenses, particularly in sales and marketing and research and development, largely due to post-acquisition integration and strategic investments. The company's balance sheet reflects a substantial cash position and manageable debt levels, with ongoing efforts to optimize its debt structure, including the early retirement of a portion of its 2024 Notes. The strategic focus remains on expanding its mobile offerings, investing in new content, and leveraging its strong intellectual property portfolio across its key labels including Rockstar Games, 2K, and Zynga. Investors should note the significant shift towards recurring consumer spending and mobile revenue as key growth drivers.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 8, 2023)

Aug 8, 2023

Take-Two Interactive Software, Inc. (TTWO) announced its first fiscal quarter 2023 financial results on August 8, 2023. This 8-K filing primarily serves to furnish the press release detailing these results, which is incorporated by reference. Investors should refer to the press release (Exhibit 99.1) for the specific financial performance metrics, operational highlights, and forward-looking statements. The filing itself does not contain the detailed financial tables or narrative analysis but directs stakeholders to the attached press release. Therefore, to understand the company's performance, revenue drivers, profitability, and outlook, a thorough review of the accompanying press release is essential.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Jun 2, 2023)

Jun 2, 2023

Take-Two Interactive Software, Inc. (TTWO) has announced the early results and pricing of its cash tender offer for its 3.300% Senior Notes due 2024. Initially seeking to repurchase up to $500 million in principal amount, the company amended the offer to increase the maximum repurchase amount to $650 million due to strong investor participation. As of the early tender deadline of June 1, 2023, the company had received tenders exceeding the initial target, with $676,243,000 in aggregate principal amount tendered. Consequently, the company will purchase these notes on a pro-rata basis up to the revised $650 million tender cap. Notes tendered after the early deadline will not be accepted, as the offer was fully subscribed by this point. The tender offer is scheduled to expire on June 16, 2023, unless extended.

10-K

TAKE TWO INTERACTIVE SOFTWARE INC Annual Report, Year Ended Mar 31, 2023

May 26, 2023

Take-Two Interactive Software, Inc. (TTWO) reported significant year-over-year revenue growth, primarily driven by the acquisition of Zynga in May 2022. This strategic move has substantially expanded TTWO's presence in the mobile gaming market, contributing significantly to overall net revenue and bookings. Despite the revenue increase, the company reported a net loss for the fiscal year, largely due to increased operating expenses related to the Zynga acquisition, including higher marketing, R&D, general and administrative costs, and significant amortization of intangible assets. The company's financial results are heavily influenced by the timing of major game releases, with its highly successful Grand Theft Auto franchise continuing to be a key revenue driver. TTWO's strategy focuses on developing high-quality, engaging titles across multiple platforms and genres, leveraging its strong portfolio of internally owned intellectual property.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (May 18, 2023)

May 18, 2023

Take-Two Interactive Software, Inc. (TTWO) announced on May 18, 2023, that it has initiated a tender offer to repurchase up to $500 million in aggregate principal amount of its 3.300% Senior Notes due 2024. This move indicates proactive capital management by the company, likely aiming to reduce its outstanding debt and potentially optimize its capital structure.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 17, 2023)

May 17, 2023

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 17, 2023, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2023. The filing primarily serves to incorporate by reference the press release containing these results, which details the company's operational and financial performance. Investors should refer to Exhibit 99.1, the press release itself, for the specific financial figures and management commentary. This 8-K acts as a notification of material information disclosure. While the 8-K itself does not contain the detailed financial tables or narrative, it directs investors to the press release for crucial insights into revenue, profitability, and forward-looking statements. Understanding these results is vital for assessing the company's current standing and future prospects in the competitive video game industry.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Agreement Terminated (May 3, 2023)

May 3, 2023

Take-Two Interactive Software, Inc. (TTWO) has announced the full repayment of its $350 million term loan facility ahead of its scheduled maturity date of June 21, 2023. This strategic move, executed on April 27, 2023, was financed by the proceeds from the company's recent $1.0 billion senior notes offering. The payoff effectively discharges the Company's obligations under the 364-day term loan credit agreement dated June 22, 2022. This action demonstrates proactive financial management, improving the company's debt profile by extinguishing a near-term obligation with long-term financing. Investors should note that the company's other credit facilities, including its unsecured Credit Agreement dated May 23, 2022, remain in full force and effect, indicating continued access to liquidity and operational funding.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Apr 14, 2023)

Apr 14, 2023

Take-Two Interactive Software, Inc. (TTWO) announced on April 14, 2023, the successful completion of a $1.0 billion senior notes offering. This issuance comprises $500 million of 5.000% Senior Notes due 2026 and $500 million of 4.950% Senior Notes due 2028. These notes are unsecured and rank equally with other unsubordinated debt of the company. The proceeds from this offering will likely be used to fund general corporate purposes or potentially refinance existing debt. This debt issuance provides Take-Two with significant capital, enhancing its financial flexibility. Investors should note the maturity dates of the notes (2026 and 2028) and their respective interest rates, which are fixed. The indenture includes provisions for redemption by the company, as well as a repurchase option for noteholders in the event of a Change of Control Repurchase Event. Standard covenants and default provisions are also in place, which are further detailed in the filed supplemental indentures.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Apr 11, 2023)

Apr 11, 2023

Take-Two Interactive Software, Inc. (TTWO) announced on April 11, 2023, the pricing of a public offering of $1.0 billion aggregate principal amount of senior notes. This offering consists of $500 million of 5.000% Senior Notes due 2026 and $500 million of 4.950% Senior Notes due 2028. The offering was made under an effective registration statement and was announced via a press release on April 10, 2023. This debt issuance indicates the company is actively managing its capital structure, likely to fund ongoing operations, potential acquisitions, or future development projects. Investors should note the specific interest rates and maturity dates of these notes, which will impact the company's future interest expenses and debt obligations. The filing also includes standard forward-looking statements, cautioning about various risks and uncertainties that could affect future performance, including factors related to the Zynga integration, economic conditions, and product development.

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TAKE TWO INTERACTIVE SOFTWARE INC Quarterly Report for Q3 Ended Dec 31, 2022

Feb 7, 2023

Take-Two Interactive Software, Inc. reported its fiscal third-quarter 2023 results, showing a significant increase in net revenue primarily driven by the acquisition of Zynga. Net revenue for the quarter rose 55.9% to $1.41 billion, largely due to the strong contribution from Zynga's mobile games, which now represent over half of the company's total revenue. However, the company reported a net loss of $153.4 million for the quarter, a substantial swing from the $144.6 million net income in the same period last year. This loss is attributable to increased operating expenses, including higher marketing, research and development, and administrative costs, largely related to the integration of Zynga and other strategic investments. Despite the quarterly loss, the company's Net Bookings, a key operational metric, showed robust growth, increasing 59.7% to $1.38 billion. This growth was also fueled by the inclusion of Zynga's portfolio and new releases like PGA TOUR 2K23 and Marvel's Midnight Suns. The company ended the quarter with a solid cash position, though it saw a decrease from the prior quarter due to investing activities, primarily related to the Zynga acquisition. Investors should monitor the integration progress of Zynga and the company's ability to manage its increased operating expenses while capitalizing on its expanded portfolio.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Exhibit Filing (Feb 7, 2023)

Feb 7, 2023

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on February 7, 2023, primarily to provide updated pro forma financial statements related to its acquisition of Zynga, Inc., completed on May 26, 2022. The filing includes Unaudited Pro Forma Condensed Consolidated Statements of Operations for the twelve months ended March 31, 2022, and the six months ended September 30, 2022. These statements reflect the combined financial performance of Take-Two and Zynga as if the acquisition had occurred at the beginning of the respective periods. Investors can utilize these pro forma statements to better understand the combined entity's historical financial trajectory and the impact of the Zynga acquisition on revenue and profitability. While this filing does not present new operational announcements or guidance, it serves as a crucial informational update for assessing the company's financial position post-acquisition, offering a clearer view of combined sales and operational results for the specified periods.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Exhibit Filing (Feb 6, 2023)

Feb 6, 2023

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on February 6, 2023, to announce its financial results for the third fiscal quarter ended December 31, 2022. The report primarily incorporates by reference a press release containing these results, which serves as the main source of information for investors regarding the company's recent performance. Investors should refer to the attached press release (Exhibit 99.1) for detailed financial figures and operational updates. While this 8-K itself does not contain the detailed financial statements or a management discussion, it officially disseminates the Q3 FY23 earnings announcement. The accompanying press release will provide insights into revenue, profitability, key performance indicators, and potentially forward-looking guidance or commentary from management on market conditions and strategic initiatives. As this is a furnished, not filed, exhibit, it is important for investors to understand the specific legal implications regarding liability under securities laws.

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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Bylaw Amendment (Jan 6, 2023)

Jan 6, 2023

Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on January 6, 2023, primarily to announce amendments to its bylaws, effective January 4, 2023. These changes were made in response to updates in SEC rules and Delaware corporate law. The amendments focus on enhancing procedural mechanics for shareholder nominations of directors, aligning with SEC Rule 14a-19. They also remove a requirement for a physical stockholder list to be available during meetings and explicitly allow for virtual shareholder meetings at the board's discretion. These updates are largely procedural and aim to modernize the company's governance framework.