TAKE TWO INTERACTIVE SOFTWARE INC — fact timeline

TAKE TWO INTERACTIVE SOFTWARE INC reported fiscal 2027 results: revenue $8.0 to $8.2 billion. Guidance initiated.

“Initial outlook for fiscal 2027 includes Net Bookings of $8.0 to $8.2 billion”

TAKE TWO INTERACTIVE SOFTWARE INC reported fiscal year ended March 31, 2024 results: revenue $5.35 billion, net income $3.74 billion, EPS $22.01 per share. Guidance initiated.

“Fiscal Year 2024 Financial and Operational Highlights • Total Net Bookings* increased 1% to $5.33 billion, as compared to $5.28 billion during last fiscal year. ◦ Net Bookings from recurrent consumer spending** increased 2% and accounted for 78% of total Net Bookings. ◦ The largest contributors to Net Bookings were NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast , Empires & Puzzles, our hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, Words With Friends, and Merge Dragons!. • GAAP net revenue was flat at $5.35 billion when compared to last fiscal year. ◦ Recurrent consumer spending** increased 1% and accounted for 79% of total GAAP net revenue. ◦ The largest contributors to GAAP net revenue were NBA 2K23 and NBA 2K24, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, our hyper-casual mobile portfolio, Empires & Puzzles, Red Dead Redemption 2 and Red Dead Online, Merge Dragons!, Words With Friends, and Zynga Poker . • GAAP net loss”

TAKE TWO INTERACTIVE SOFTWARE INC reported fourth fiscal quarter ended March 31, 2024 results: revenue $1.40 billion, net income $2.90 billion, EPS $17.02 per share. Guidance initiated.

“• Total Net Bookings* decreased 3% to $1.35 billion, as compared to $1.39 billion during last year’s fiscal fourth quarter. ◦ Net Bookings from recurrent consumer spending** decreased 2% and accounted for 79% of total Net Bookings. ◦ The largest contributors to Net Bookings were NBA® 2K24, Grand Theft Auto® Online and Grand Theft Auto V, Toon BlastTM , Empires & PuzzlesTM, our hyper-casual mobile portfolio, Red Dead Redemption® 2 and Red Dead Online, WWE® 2K24 , Match Factory!, Words With FriendsTM, and Merge Dragons!TM. • GAAP net revenue decreased 3% to $1.40 billion, as compared to $1.45 billion in last year’s fiscal fourth quarter. ◦ Recurrent consumer spending** decreased 2% and accounted for 79% of total GAAP net revenue. ◦ The largest contributors to GAAP net revenue were NBA 2K24 and NBA 2K23, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast, Empires & Puzzles, our hyper-casual mobile portfolio, Red Dead Redemption 2 and Red Dead Online, WWE 2K24, Match Factory!, and”

TAKE TWO INTERACTIVE SOFTWARE INC announced a restructuring with charges of approximately $160 million to $200 million (approximately 5%).

“On April 16, 2024 the Board of Directors of Take-Two Interactive Software, Inc. (the “Company”) approved a cost reduction program (the “Plan”) to identify efficiencies across its business and enhance the Company’s margin profile, while still investing for growth. As part of these efforts, the Company is rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs. The Company estimates that it will incur approximately $160 million to $200 million in total charges in connection with the Plan.”

TAKE TWO INTERACTIVE SOFTWARE INC entered into Share Purchase Agreement with Gearbox Entertainment Company Holding AB valued at $460 million (effective 2024-03-27).

“On March 27, 2024, Take-Two Interactive Software, Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Purchase Agreement ”) with Gearbox Entertainment Company Holding AB, a company organized under the laws of Sweden (“ Gearbox Seller ”), Embracer Group AB, a company organized under the laws of Sweden (“ Gearbox Parent ”) and Groundhog 2, LLC, a Delaware limited liability company and indirect wholly owned subsidiary of the Company (“ Buyer Sub ”).”

TAKE TWO INTERACTIVE SOFTWARE INC reported fiscal year ending March 31, 2024 results: revenue $5.25 to $5.3 billion. Guidance lowered.

“Our revised Net Bookings forecast is $5.25 to $5.3 billion.”

TAKE TWO INTERACTIVE SOFTWARE INC reported third fiscal quarter ended December 31, 2023 results: revenue $1.37 billion, net income $91.6 million, EPS $0.54 per share.

“Dead Redemption® 2 and Red Dead Online, Words With FriendsTM, Grand Theft Auto: The Trilogy - The Definitive Edition, and Merge Dragons!TM. • GAAP net revenue decreased 3% to $1.37 billion, as compared to $1.41 billion in last year’s fiscal third quarter. ◦ Recurrent consumer spending** decreased 7% and accounted for 76% of total GAAP net revenue. ◦ The largest”

TAKE TWO INTERACTIVE SOFTWARE INC incurred senior notes of $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of it with The Bank of New York Mellon at 5.000% per annum for 2026 Notes; 4.950% per annum for 2028 Notes maturing March 28, 2026 for 2026 Notes; March 28, 2028 for 2028 Notes.

“On January 8, 2024, Take-Two Interactive Software, Inc. (the “Company”) completed its add-on offering and sale of $350 million aggregate principal amount of its senior notes, consisting of $50 million additional principal amount of its 5.000% Senior Notes due 2026 (the “2026 Notes”) and $300 million additional principal amount of its 4.950% Senior Notes due 2028 (the “2028 Notes”).”

TAKE TWO INTERACTIVE SOFTWARE INC updated its the second quarter of its fiscal year 2024, ended September 30, 2023 guidance (lowered).

“On November 8, 2023 , Take-Two Interactive Software, Inc. (the “Company”) issued a press release announcing the financial results of the Company for its second fiscal quarter ended September 30, 2023.”

TAKE TWO INTERACTIVE SOFTWARE INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent auditors for fiscal year ending March 31, 2024 at the 2023-09-21 meeting.

“Votes regarding ratification of the appointment of Ernst & Young LLP as independent auditors of the Company to serve for the fiscal year ending March 31, 2024, were as follows: For Against Abstain Broker Non-Votes 146,503,478 1,395,139 59,296 0”

TAKE TWO INTERACTIVE SOFTWARE INC shareholders approved Approval of adoption of the amendment and restatement of the 2017 Plan at the 2023-09-21 meeting.

“Votes regarding the approval of the adoption of the amendment and restatement of the 2017 Plan were as follows: For Against Abstain Broker Non-Votes 102,971,653 33,942,934 109,111 10,934,215”

TAKE TWO INTERACTIVE SOFTWARE INC shareholders approved Advisory vote regarding frequency of advisory vote on executive compensation at the 2023-09-21 meeting.

“Advisory votes regarding the frequency of the approval of the compensation of the named executive officers were as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 135,604,842 22,402 1,325,163 71,291 10,934,215”

TAKE TWO INTERACTIVE SOFTWARE INC shareholders approved Advisory vote regarding approval of the compensation of named executive officers at the 2023-09-21 meeting.

“Advisory votes regarding the approval of the compensation of the named executive officers were as follows: For Against Abstain Broker Non-Votes 119,621,668 17,294,978 107,052 10,934,215”

TAKE TWO INTERACTIVE SOFTWARE INC shareholders approved Election of the persons named below as directors for a term expiring at the annual meeting of stockholders in 2024 at the 2023-09-21 meeting.

“Votes regarding the election of the persons named below as directors for a term expiring at the annual meeting of stockholders in 2024 and until their respective successors have been duly elected and qualified were as follows: For Against Abstain Broker Non-Votes Strauss Zelnick 129,573,808 7,370,720 79,170 10,934,215 Michael Dornemann 132,303,617 4,655,282 64,799 10,934,215 William "Bing" Gordon 135,062,836 1,895,267 65,595 10,934,215 Roland Hernandez 135,074,291 1,882,576 66,831 10,934,215 J Moses 130,853,891 6,104,267 65,540 10,934,215 Michael Sheresky 130,722,306 6,235,650 65,742 10,934,215 Ellen Siminoff 135,667,642 1,292,741 63,315 10,934,215 LaVerne Srinivasan 135,455,025 1,505,116 63,557 10,934,215 Susan Tolson 136,311,512 648,868 63,318 10,934,215 Paul Viera 136,666,066 285,295 72,337 10,934,215”

TAKE TWO INTERACTIVE SOFTWARE INC reported first fiscal quarter ended June 30, 2023 results: revenue $1.28 billion, net income $206.0 million, EPS $1.22 per share. Guidance reaffirmed.

“Empires & PuzzlesTM, Toon BlastTM, Merge Dragons!TM, Words With FriendsTM, Red Dead Redemption® 2 and Red Dead Online, and Toy BlastTM. • GAAP net revenue increased 17% to $1.28 billion, as compared to $1.10 billion in last year’s fiscal first quarter. ◦ Recurrent consumer spending** increased 29% and accounted for 83% of total GAAP net revenue. ◦ The largest”

TAKE TWO INTERACTIVE SOFTWARE INC reported financial results for fourth fiscal quarter and fiscal year ended March 31, 2023.

“On May 17, 2023, Take-Two Interactive Software, Inc. (the “Company”) issued a press release announcing the financial results of the Company for its fourth fiscal quarter and fiscal year ended March 31, 2023.”

TAKE TWO INTERACTIVE SOFTWARE INC terminated Term Loan Credit Agreement with JPMorgan Chase Bank, N.A. valued at $350,000,000 (effective 2023-04-27).

“On Thursday, April 27, 2023, Take-Two Interactive Software, Inc. (the “ Company ”) prepaid all of its outstanding term benchmark borrowings, in the aggregate principal amount of $350,000,000.00, and other obligations (collectively, the “ Payoff ”), in each case, under that certain 364-day term loan credit agreement, dated as of June 22, 2022 (the “ Term Loan Credit Agreement ”), among the Company, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent thereunder.”

TAKE TWO INTERACTIVE SOFTWARE INC entered into Indenture with The Bank of New York Mellon, as trustee valued at $1.0 billion aggregate principal amount (effective 2023-04-14).

“On April 14, 2023, Take-Two Interactive Software, Inc. (the “Company”) completed its offering and sale of $1.0 billion aggregate principal amount of its senior notes, consisting of $500 million principal amount of its 5.000% Senior Notes due 2026 (the “2026 Notes”) and $500 million principal amount of its 4.950% Senior Notes due 2028 (the “2028 Notes” and, together with the 2026 Notes, the “Notes”).”

TAKE TWO INTERACTIVE SOFTWARE INC reported third fiscal quarter ended December 31, 2022 results: revenue $1.41 billion, net income $0.91 per share, EPS $0.91 per share. Guidance reaffirmed.

“Nicole.Shevins@take2games.com Alan.Lewis@take2games.com Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2023 GAAP net revenue increased 56% to $1.41 billion GAAP net loss per share was $0.91 GAAP net cash provided by operating activities for the nine-months ended December 31, 2022 was $35.8 million Adjusted Unrestricted Operating”

TAKE TWO INTERACTIVE SOFTWARE INC: Amended bylaws primarily in response to recent SEC and Delaware law changes, covering annual meeting procedures, stockholder list availability, virtual meetings, and other ministerial updates (effective 2023-01-04).

“On January 4, 2023, the Board of Directors of Take-Two Interactive Software, Inc. (the “Company”) approved amendments to the Company’s bylaws primarily in response to recent changes to the rules of the Securities and Exchange Commission and the Delaware General Corporation Law.”

TAKE TWO INTERACTIVE SOFTWARE INC reported the second quarter of its fiscal year 2023, ended September 30, 2022 results: revenue $1.4 billion, net income $257.0 million, or $1.54 per share, EPS $1.54. Guidance reaffirmed.

“Nicole.Shevins@take2games.com Alan.Lewis@take2games.com Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2023 GAAP net revenue increased 62% to $1.4 billion GAAP net loss per share was $1.54 GAAP net cash provided by operating activities for the six-months ended September 30, 2022 was $155.4 million Adjusted Unrestricted Operating”

Bing Gordon was appointed as Director at TAKE TWO INTERACTIVE SOFTWARE INC.

“Ellen Siminoff and William 'Bing' Gordon, the two members of the Zynga board of directors who were selected by Zynga for appointment to the Take-Two Board pursuant to the Merger Agreement, became members of the Take-Two Board of Directors.”

Ellen Siminoff was appointed as Director at TAKE TWO INTERACTIVE SOFTWARE INC.

“Ellen Siminoff and William 'Bing' Gordon, the two members of the Zynga board of directors who were selected by Zynga for appointment to the Take-Two Board pursuant to the Merger Agreement, became members of the Take-Two Board of Directors.”

William 'Bing' Gordon was appointed as Director at TAKE TWO INTERACTIVE SOFTWARE INC.

“Ellen Siminoff and William “Bing” Gordon, the two members of the Zynga board of directors who were selected by Zynga for appointment to the Take-Two Board pursuant to the Merger Agreement, will become members of the Take-Two Board of Directors.”

Ellen Siminoff was appointed as Director at TAKE TWO INTERACTIVE SOFTWARE INC.

“Ellen Siminoff and William “Bing” Gordon, the two members of the Zynga board of directors who were selected by Zynga for appointment to the Take-Two Board pursuant to the Merger Agreement, will become members of the Take-Two Board of Directors.”