Take Two Q3 FY3/2025 Financial Results (Oct- Dec 2024) | $1.37b in Net Bookings, +4% YoY, no...

“We achieved solid results during the holiday season. Our Net Bookings of $1.37 billion were within our guidance range, assignificant outperformance in NBA 2K helped to offset moderation experienced in several of our mobile franchises. At the sametime, our operating results surpassed expectations, led by the upside from NBA 2K, as well as a shift in timing of expenses thatbenefited the quarter,” said Strauss Zelnick, Chairman and CEO of Take-Two Interactive.“For Fiscal 2025, we are reiterating our Net Bookings guidance range of $5.55 to $5.65 billion and our outlook for operatingperformance. Our projections for the fourth quarter balance strength in NBA 2K with a continuation of the current mobile trends,and the shift of some operating expenses into the period.”“Looking ahead, this calendar year is shaping up to be one of the strongest ever for Take-Two, as we plan to launch Sid Meier’sCivilization VII on February 11th, Mafia: The Old Country in the Summer, Grand Theft Auto VI in the Fall, and Borderlands 4. Wecontinue to invest prudently in our development pipeline and remain confident in Zynga’s potential to create new mobile foreverfranchises as demonstrated by their ongoing success with Match Factory. As we continue to deliver hits, we remain highlyconfident that we will achieve sequential increases in, and record levels of, Net Bookings in Fiscal 2026 and 2027.”

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• Total Net Bookings* grew 3% to $1.37 billion, compared to $1.34 billion during last year’s fiscal third quarter.
◦ Net Bookings from recurrent consumer spending** grew 9% and accounted for 79% of total Net Bookings.
◦ The largest contributors to Net Bookings were NBA® 2K25, Grand Theft Auto® Online and Grand Theft Auto V,Toon Blast™, Match Factory!™, our hyper-casual mobile portfolio, Empires & Puzzles™, Red DeadRedemption® 2 and Red Dead Online, Words With Friends™, and Toy Blast™.

• GAAP net revenue was $1.36 billion, compared to $1.37 billion in last year’s fiscal third quarter.
◦ Recurrent consumer spending** increased 5% and accounted for 80% of total GAAP net revenue.
◦ The largest contributors to GAAP net revenue were NBA 2K25 and NBA 2K24, Grand Theft Auto Online andGrand Theft Auto V, Toon Blast, Empires & Puzzles, Match Factory!, our hyper-casual mobile portfolio, RedDead Redemption 2 and Red Dead Online, Words With Friends, and Toy Blast.

• GAAP net loss was $125.2 million, or $0.71 per share, as compared to $91.6 million, or $0.54 per share, for thecomparable period last year.

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