Take-Two Interactive

The Company s management believes it is important to consider EBITDA, in addition to net income, as it removes the effect of certain non-cash expenses, debt-related charges, and income taxes.

SEC original ↗Take-Two Interactive — Earnings release (8-K exhibit)EX-99Aug 7, 2025

During the three months ended June 30, 2026 and 2025, we recognized $ 0.9 and $ 1.3 , respectively, of amortization of debt issuance costs and $ 0.1 and $ 0.1 , respectively, of amortization of the original issuance discount, within Interest and other, net.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

Credit Agreement Our credit agreement dated as of May 23, 2022, (as amended on May 19, 2025, the "2022 Credit Agreement"), provides a $ 1,000.0 unsecured five-year revolving credit facility that matures on May 19, 2030, subject to certain extension options.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

As of June 30, 2026, there were no borrowings under the 2022 Credit Agreement, and we had approximately $ 997.5 available for additional borrowings.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

Information related to availability on our 2022 Credit Agreement for each period was as follows: June 30, 2026 March 31, 2026 Available borrowings $ 997.5 $ 997.7 Outstanding letters of credit 2.5 2.3 Convertible Notes In conjunction with the acquisition of Zynga on May 23, 2022, we assumed Zynga's outstanding 0.25 % Convertible Senior Notes due 2024 (the 2024 Convertible Notes ) and 0.00 % Convertible Senior Notes due 2026 (the 2026 Convertible Notes and, together with the 2024 Convertible Notes, the Convertible Notes ).

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

The 2026 Convertible Notes mature on December 15, 2026, unless earlier converted, redeemed, or repurchased in accordance with their terms, prior to the maturity date.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

* Net Bookings is our operational metric and defined as the net amount of products and services sold digitally or sold-in physically during the period, and includes licensing fees, merchandise, in-game advertising, strategy guides and publisher incentives.

SEC original ↗Take-Two Interactive — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Key assumptions and dependencies underlying the Company s outlook include a continuation of the current economic backdrop the timely delivery of the titles included in this financial outlook continued growth in the installed base of PlayStation 5 and Xbox Series X S, as well as engagement on Xbox One and PlayStation 4 the ability to develop and publish products that capture market share for these current generation systems while also leveraging opportunities on PC, mobile and other platforms factors affecting our performance on mobile, such as player acquisition costs our ongoing focus on our live services portfolio and new game pipeline and stable foreign exchange rates.

SEC original ↗Take-Two Interactive — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Our strategy is to create hit entertainment experiences, delivered on every platform relevant to our audience through a variety of sound business models.

SEC original ↗Take-Two Interactive — Earnings release (8-K exhibit)EX-99Aug 7, 2025

We follow a three-level fair value hierarchy that prioritizes the inputs used to measure fair value.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

These strategic investments represent less than a 20% ownership interest in each of the privately-held affiliates, and we do not maintain significant influence over or control of the entities.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

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.

SEC original ↗Take-Two Interactive — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 31 Item 1A.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

Actual results could differ materially from those estimates, which may affect economic conditions in a number of different ways and result in uncertainty and risk.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

In evaluating whether it is probable the project will be completed, management is required to consider whether there is significant uncertainty associated with the development activities of the software.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

Legal and Other Proceedings We are, or may become, subject to demands and claims (including intellectual property and employment related claims) and are involved in routine litigation in the ordinary course of business which we do not believe to be material to our business or financial condition or results of operations.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026

We continue to monitor various macroeconomic and geopolitical factors, such as global tariff policies, that may affect our business in several areas, including consumer demand, inflation, pricing pressure on our products and third party hardware platforms, credit quality of our receivables, and foreign currency exchange rates.

SEC original ↗Take-Two Interactive — 10-Q Quarterly report10-QAug 7, 2026