Take-Two Interactive Software Q3 2025 Update
Ticker: TTWO · Form: 10-Q · Filed: Feb 7, 2025 · CIK: 946581
| Field | Detail |
|---|---|
| Company | Take Two Interactive Software INC (TTWO) |
| Form Type | 10-Q |
| Filed Date | Feb 7, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, software
TL;DR
TTWO Q3 2025 results are in. Check the 10-Q for details.
AI Summary
Take-Two Interactive Software, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported financial results for the third quarter and the first nine months of fiscal year 2025. Specific financial figures and operational details for this period are available within the full filing.
Why It Matters
This filing provides investors with the latest financial performance and operational insights for Take-Two Interactive Software, a key player in the video game industry.
Risk Assessment
Risk Level: medium — As a public company in the volatile video game industry, Take-Two Interactive Software faces inherent market and operational risks.
Key Players & Entities
- Take Two Interactive Software Inc (company) — Filer
- 0000946581 (company) — Central Index Key
- DE (company) — State of Incorporation
- 110 WEST 44TH STREET (company) — Business Address
- NEW YORK (company) — Business City
- 10036 (company) — Business Zip Code
- 646 536 2842 (company) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241231, indicating the filing covers the period ending December 31, 2024.
When was this 10-Q filed?
The filing date is 20250207.
What is Take-Two Interactive Software's fiscal year end?
The fiscal year end is 0331.
What is the company's Standard Industrial Classification code?
The SIC code is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
What is the SEC file number for Take-Two Interactive Software?
The SEC file number is 001-34003.
Filing Stats: 4,801 words · 19 min read · ~16 pages · Grade level 7 · Accepted 2025-02-06 18:15:25
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TTWO NASDAQ Global Select Mar
Filing Documents
- ttwo-20241231.htm (10-Q) — 1745KB
- a12312024ttwoex-31x1.htm (EX-31.1) — 10KB
- a12312024ttwoex-31x2.htm (EX-31.2) — 10KB
- a12312024ttwoex-32x1.htm (EX-32.1) — 5KB
- a12312024ttwoex-32x2.htm (EX-32.2) — 5KB
- 0001628280-25-004308.txt ( ) — 9067KB
- ttwo-20241231.xsd (EX-101.SCH) — 60KB
- ttwo-20241231_cal.xml (EX-101.CAL) — 92KB
- ttwo-20241231_def.xml (EX-101.DEF) — 290KB
- ttwo-20241231_lab.xml (EX-101.LAB) — 703KB
- ttwo-20241231_pre.xml (EX-101.PRE) — 511KB
- ttwo-20241231_htm.xml (XML) — 1468KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Loss 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Equity 6 Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 39 Item 4.
Controls and Procedures
Controls and Procedures 40 PART II. OTHER INFORMATION 42 Item 1.
Legal Proceedings
Legal Proceedings 42 Item 1A.
Risk Factors
Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 5. Other Information 42 Item 6. Exhibits 44
Signatures
Signatures 45 (All other items in this report are inapplicable) 1 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements TAKE-TWO INTERACTIVE SOFTWARE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except per share amounts) December 31, 2024 March 31, 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 1,206.8 $ 754.0 Short-term investments 3.3 22.0 Restricted cash and cash equivalents 14.9 252.1 Accounts receivable, net of allowances of $ 0.8 and $ 1.2 at December 31, 2024 and March 31, 2024, respectively 662.3 679.7 Software development costs and licenses 67.4 88.3 Contract assets 77.1 85.0 Prepaid expenses and other 369.5 378.6 Total current assets 2,401.3 2,259.7 Fixed assets, net 426.0 411.1 Right-of-use assets 325.3 325.7 Software development costs and licenses, net of current portion 1,904.5 1,446.5 Goodwill 4,602.6 4,426.4 Other intangibles, net 2,686.2 3,060.6 Long-term restricted cash and cash equivalents 87.2 95.9 Other assets 246.8 191.0 Total assets $ 12,679.9 $ 12,216.9 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 144.8 $ 195.9 Accrued expenses and other current liabilities 999.7 1,062.6 Deferred revenue 1,091.9 1,059.5 Lease liabilities 59.1 63.8 Short-term debt, net 599.6 24.6 Total current liabilities 2,895.1 2,406.4 Long-term debt, net 3,058.3 3,058.3 Non-current deferred revenue 33.9 42.9 Non-current lease liabilities 386.7 387.3 Non-current software development royalties 92.4 102.1 Deferred tax liabilities, net 272.0 340.9 Other long-term liabilities 239.6 211.1 Total liabilities $ 6,978.0 $ 6,549.0 Commitments and contingencies (See Note 11 ) Stockholders' equity: Preferred stock, $ 0.01 par value, 5.0 shares authorized; no shares issued and outstanding at December 31, 2024 and March 31, 2024 — — Common stock, $ 0.01 par value, 300.0 and 300.0 shares authorized; 200.1 and 194.5 shares issued and 176.4 and 170.8 outstanding at December 31, 2024 and March 31, 2024, respectively 2.0 1.9 Additional paid-in capital 10,196.3 9,371.6 T