The following data, together with a management reporting tax rate of 16%, are used internally by the Company’s management and Board of Directors to adjust the Company’s GAAP financial results in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook: As of June 30, 2021, the Company had cash and short-term investments of $2.536 billion. During the three-month period ended June 30, 2021, Adjusted Unrestricted Operating Cash Flow (Non-GAAP), which is defined as GAAP net cash from operating activities, adjusted for changes in restricted cash, was $29.1 million, as compared to $324.0 million in the same period last year (please see the section below titled “Non-GAAP Financial Measure” for additional information). GAAP net income increased 72% to $152.3 million, or $1.30 per diluted share, as compared to $88.5 million, or $0.77 per diluted share, for the comparable period last year.ĭuring the three-month period ended June 30, 2021, GAAP net cash provided by operating activities was $148.2 million, as compared to $445.4 million in the same period last year.

The largest contributors to GAAP digitally-delivered net revenue were NBA 2K21 and NBA 2K20 Grand Theft Auto Online and Grand Theft Auto V Red Dead Redemption 2 and Red Dead Online Borderlands 3 the WWE series Dragon City Two Dots Sid Meier’s Civilization VI and Monster Legends®. The largest contributors to GAAP net revenue were NBA® 2K21 and NBA 2K20 Grand Theft Auto® Online and Grand Theft Auto V Red Dead Redemption 2 and Red Dead Online Borderlands® 3 the WWE® series Dragon City® Sid Meier’s Civilization® VI and Two Dots®.ĭigitally-delivered GAAP net revenue increased 1% to $740.8 million, as compared to $735.6 million in last year’s fiscal first quarter, and accounted for 91% of total GAAP net revenue. Recurrent consumer spending (which is generated from ongoing consumer engagement and includes virtual currency, add-on content and in-game purchases) increased 15% and accounted for 70% of total GAAP net revenue. GAAP net revenue decreased 2% to $813.3 million, as compared to $831.3 million in last year’s fiscal first quarter. įirst Quarter Fiscal 2022 Financial Highlights For further information, please see the fiscal first quarter 2022 results slide deck posted to the Company’s investor relations website at. In addition, the Company reiterated its outlook for the fiscal year 2022, ending March 31, 2022, and provided its initial outlook for the second quarter of its fiscal year 2022, ending September 30, 2021. (NASDAQ:TTWO) today reported better than expected results for the first quarter of its fiscal year 2022, ending June 30, 2021. NEW YORK-( BUSINESS WIRE)-Take-Two Interactive Software, Inc.

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