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AI English summary of an SEC filing — figures as filed

Take-Two Interactive logoTake-Two Interactive TTWO

The company said Net Bookings for the fourth quarter of fiscal 2024, which ended on March 31, 2024, were $1.35 billion, down 3% from $1.39 billion a year earlier, and GAAP net revenue fell 3% to $1.40 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Net Bookings for the fourth quarter of fiscal 2024, which ended on March 31, 2024, were $1.35 billion, down 3% from $1.39 billion a year earlier, and GAAP net revenue fell 3% to $1.40 billion.

  2. The company said its GAAP net loss for Q4 was $2.90 billion, or $17.02 per share, and that its GAAP results included goodwill impairment charges of $2.18 billion, impairment charges of $304.3 million for acquisition-related intangible assets, and business reorganization expenses of $93.3 million.

  3. The company said Net Bookings for fiscal 2024 were $5.33 billion, up 1%, while GAAP net revenue was flat at $5.35 billion, and its GAAP net loss was $3.74 billion, or $22.01 per share.

  4. The company gave its outlook for fiscal 2025, which ends on March 31, 2025, with Net Bookings of $5,550 to $5,650 million, GAAP total net revenue of $5,570 to $5,670 million, and a GAAP net loss of $(674) to $(606) million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Net Bookings and GAAP Net Revenue for Q4

The company said Net Bookings for the fourth quarter of fiscal 2024, which ended on March 31, 2024, were $1.35 billion, down 3% from $1.39 billion a year earlier, and GAAP net revenue fell 3% to $1.40 billion.

Source · Based on the filing body and exhibits

GAAP Net Loss and Impairment Charges for Q4

The company said its GAAP net loss for Q4 was $2.90 billion, or $17.02 per share, and that its GAAP results included goodwill impairment charges of $2.18 billion, impairment charges of $304.3 million for acquisition-related intangible assets, and business reorganization expenses of $93.3 million.

Source · Based on the filing body and exhibits

Full-Year Net Bookings and GAAP Net Loss

The company said Net Bookings for fiscal 2024 were $5.33 billion, up 1%, while GAAP net revenue was flat at $5.35 billion, and its GAAP net loss was $3.74 billion, or $22.01 per share.

Source · Based on the filing body and exhibits

Outlook for Fiscal 2025

The company gave its outlook for fiscal 2025, which ends on March 31, 2025, with Net Bookings of $5,550 to $5,650 million, GAAP total net revenue of $5,570 to $5,670 million, and a GAAP net loss of $(674) to $(606) million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.