Take-Two Interactive Software (TTWO) 10-K Summary — Year Ended Mar 31, 2024
Take-Two Interactive reported stable revenue but significant operating and net losses, resulting in negative operating cash flow. The company faces material risks as described in its filing.
Key takeaway
Year ended Mar 31, 2024 · FY2026 10-K
Take-Two Interactive reported stable revenue but significant operating and net losses, resulting in negative operating cash flow. The company faces material risks as described in its filing.
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
-$3.6B
Income from operations reported for the year.
Net income
-$3.7B
Net income reported for the year.
Operating cash flow
-$16.1M
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% |
| Mar 31, 2024 | $5.3B | -0.0% |
Business overview
Take-Two Interactive is a video game developer, publisher, and distributor. Its operations focus on creating and marketing interactive entertainment content.
Financial performance
Revenue remained stable compared to the prior year. However, the company incurred substantial operating and net losses, and operating cash flow was negative.
Material risks
The filing identifies risks inherent in the gaming industry, including competition, development costs, and market acceptance. Additionally, changes in consumer preferences and technological shifts pose material challenges.
Liquidity and capital
Given the negative operating cash flow, the company may need to rely on external financing or cash reserves to fund operations and investments.
What to watch
Monitor whether the company can return to profitability and generate positive operating cash flow in the next filing.