Take-Two Interactive Software (TTWO) 10-K Summary — Year Ended Mar 31, 2023
Take-Two Interactive Software reported a significant increase in revenue for the latest fiscal year compared to the prior year, while operating and net income remained negative. The company's cash flow from operations was minimal relative to its revenue size.
Key takeaway
Year ended Mar 31, 2023 · FY2025 10-K
Take-Two Interactive Software reported a significant increase in revenue for the latest fiscal year compared to the prior year, while operating and net income remained negative. The company's cash flow from operations was minimal relative to its revenue size.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.3B
Revenue reported for the fiscal year.
Operating income
-$1.2B
Income from operations reported for the year.
Net income
-$1.1B
Net income reported for the year.
Operating cash flow
$1.1M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2022 | $3.5B | n/a |
| Mar 31, 2023 | $5.3B | +52.6% |
Business overview
Take-Two Interactive Software develops, markets, and publishes interactive entertainment content, including video games and related services. The company operates through a combination of internal development studios and global publishing capabilities.
Financial performance
Revenue increased significantly compared to the prior fiscal year, reflecting strong growth in the reported period. However, operating loss and net loss were reported, indicating that expenses exceeded revenue. Operating cash flow was minimal in the context of the company's overall financial scale.
Material risks
The company faces risks related to the competitive and rapidly changing interactive entertainment industry, including shifts in consumer preferences and technological advancements. Financial performance may be affected by the success of new game releases and the ability to manage development costs. The filing also notes general economic conditions and international operations as potential risk factors.
Liquidity and capital
The company manages liquidity through cash flows from operations and access to capital markets. The filing discusses liquidity and capital resources in the context of ongoing operations and strategic investments.
What to watch
Monitor changes in operating cash flow trends, as the reported amount was very small relative to the company's revenue and may indicate underlying working capital or profitability shifts.