Take-Two Interactive Software Inc. Files 2024 10-K

TL;DR

TTWO filed its 2024 10-K. Full financials inside.

AI Summary

Take-Two Interactive Software Inc. filed its 10-K for the fiscal year ending March 31, 2024. The company, headquartered in New York, reported financial results for the period. Specific financial figures and operational details are contained within the full filing.

Why It Matters

This filing provides a comprehensive overview of Take-Two Interactive's financial performance and business operations for the fiscal year, offering insights into its market position and future outlook.

Risk Assessment

Risk Level: medium — This is a standard annual financial filing providing historical data and forward-looking statements, typical for publicly traded companies.

Key Numbers

• 2024-03-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-05-22 — Filing Date (The date the 10-K was officially filed with the SEC.)

Key Players & Entities

• Take Two Interactive Software Inc. (company) — Filer of the 10-K
• 0001628280-24-024623 (filing_id) — Accession number for the filing
• 20240331 (date) — Fiscal year end date
• 110 WEST 44TH STREET (address) — Company's business and mail address
• New York (location) — City of company's headquarters

FAQ

Key Financial Figures

• $460 — mbracer Group AB. The purchase price is $460.0, consisting of newly issued shares of

Filing Documents

• ttwo-20240331.htm (10-K) — 2803KB
• ex-41xdescriptionofregistr.htm (EX-4.1) — 10KB
• ex-1038xamendmentno1tocred.htm (EX-10.38) — 895KB
• ex-191xt2securitiestrading.htm (EX-19.1) — 33KB
• ex-21103312024.htm (EX-21.1) — 84KB
• ex-23103312024.htm (EX-23.1) — 3KB
• ex-31103312024.htm (EX-31.1) — 13KB
• ex-31203312024.htm (EX-31.2) — 12KB
• ex-32103312024.htm (EX-32.1) — 5KB
• ex-32203312024.htm (EX-32.2) — 5KB
• ex-971xclawbackpolicy.htm (EX-97.1) — 46KB
• imagea.jpg (GRAPHIC) — 16KB
• 0001628280-24-024623.txt ( ) — 16132KB
• ttwo-20240331.xsd (EX-101.SCH) — 95KB
• ttwo-20240331_cal.xml (EX-101.CAL) — 155KB
• ttwo-20240331_def.xml (EX-101.DEF) — 556KB
• ttwo-20240331_lab.xml (EX-101.LAB) — 1140KB
• ttwo-20240331_pre.xml (EX-101.PRE) — 851KB
• ttwo-20240331_htm.xml (XML) — 2562KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 33 Item 1C. Cyber s ecurity 33 Item 2.

Properties

Properties 35 Item 3.

Legal Proceedings

Legal Proceedings 36 Item 4. Mine Safety Disclosures 36 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 37 Item 6. [Reserved] 37 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 49 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 50 Item 9A.

Controls and Procedures

Controls and Procedures 50 Item 9B. Other Information 51 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 51 PART III Item 10. Directors, Executive Officers and Corporate Governance 52 Item 11.

Executive Compensation

Executive Compensation 52 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 52 Item 13. Certain Relationships and Related Transactions, and Director Independence 52 Item 14. Principal Accounting Fees and Services 52 PART IV Item 15. Exhibits, Financial Statement Schedules 53 Item 16. Form 10-K Summary 57 Index to Financial Statements 58

Signatures

Signatures 107 CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS The statements contained herein, which are not historical facts, including statements relating to Take-Two Interactive Software, Inc.'s ("Take-Two," the "Company," "we," "us," or similar pronouns) outlook, are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for our future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including risks relating to our combination with Zynga Inc. (the "Zynga Acquisition"); the risks of conducting business internationally, including as a result of unforeseen geopolitical events; the impact of changes in interest rates by the Federal Reserve and other central banks, including on our short-term investment portfolio; the impact of inflation; volatility in foreign currency exchange rates; our dependence on key management and product development personnel; our dependence on our NBA 2K and Grand Theft Auto products and our ability to develop other hit titles; our ability to leverage opportunities on PlayStation5 and Xbox Series X|S; factors affecting our mobile business, such as player acquisition costs; the timely release and significant market acceptance of our games; the ability to maintain acceptable pricing levels on our games; and other risks included herein; as well as, but not limited to, the risk

Business

Item 1. Business General We are a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. We develop, operate, and publish products principally through Rockstar Games, 2K, Private Division, and Zynga. Our products are currently designed for console gaming systems, including, but not limited to, the Sony Computer Entertainment, Inc. ("Sony") PlayStation4 ("PS4") and PlayStation5 ("PS5"), Microsoft Corporation ("Microsoft") Xbox One ("Xbox One") and Xbox Series X|S ("Xbox Series X|S"), and Nintendo's Switch TM ("Switch"), as well as personal computers ("PC"), and mobile, including, smartphones and tablets. We deliver our products through physical retail, digital download, online platforms, and cloud streaming services. Our website address is www.take2games.com. We make all of our filings with the Securities and Exchange Commission ("SEC") available free of charge on our website under the caption "Financial Information—SEC Filings." Included in these filings are our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, which are available as soon as reasonably practicable after we electronically file or furnish such materials with the SEC pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934. Our website and the information contained therein or connected thereto are not intended to be incorporated into this Annual Report on Form 10-K. The SEC maintains a website that contains annual, quarterly and current reports, proxy and information statements and other information that issuers (including the Company) file electronically with the SEC. The SEC's website is www.sec.gov . Strategy Overview. Our strategy is to be the most creative, innovative, and efficient company in the evolving interactive entertainment industry. With our diverse portfolio that spans all key platforms and numerous genres, we strive to create the highest quality

View Full Filing

View this 10-K filing on SEC EDGAR