Take-Two Interactive (TTWO) official guidance

| Capital expenditures | approximately $290 | | | | |

We plan to deploy approximately $200 million of capital expenditures for game technology and office build-out.

| Capital expenditures | approximately $200 |

| Cost of revenue | $3,538 to $3,658 | $(10) | $(83) | $(567) | |

We expect GAAP net revenue to range from $7.9 billion to $8.1 billion and cost of revenue to range from $3.5 billion to $3.62 billion.

| Cost of revenue | $3,504 to $3,626 |

| Net Bookings | $8,000 to $8,200 | | | |

Our initial financial outlook for fiscal 2027 includes record net bookings of $8 billion to $8.2 billion.

| Net Bookings | $8,000 to $8,200 |

With ongoing momentum in our business, coupled with our robust forward release schedule, we continue to project record levels of net bookings in fiscal 2027, which we believe will establish a higher financial baseline, set us on a path to enhanced profitability, and further provide balance sheet strength and flexibility.

As we embrace our core values and focus on delivering the most captivating and engaging entertainment experiences, we expect to achieve record levels of net bookings in fiscal 2027, establish a new baseline for our business.

| Net Bookings | $1,620 to $1,670 | | | | |

We expect the net bookings breakdown from our labels to be roughly 36% Rockstar Games, 35% Zynga and 29% 2K.

We expect the net bookings breakdown from our labels to be roughly 36% Rockstar Games, 35% Zynga and 29% 2K.

We expect the net bookings breakdown from our labels to be roughly 36% Rockstar Games, 35% Zynga and 29% 2K.

We are forecasting operating cash flow in excess of $1 billion, and we expect to be in a net cash position by the end of the fiscal year.

| Net cash provided by operating activities | over $1,000 | | | | |

With our flexible balance sheet, our strong cash position and our expectation that we'll generate over $1 billion in operating cash flow this fiscal year, we believe that we're extraordinarily well positioned to take measured creative risks to pursue accretive M&A and to invest in technology that will unlock greater creative capabilities and operational efficiencies across our organization.

| Net cash provided by operating activities | over $1,000 |

| Operating expenses | $4,150 to $4,170 | | $(349) | $(51) | |

Our total operating expenses are expected to range from $4.18 billion to $4.2 billion.

| Operating expenses | $4,180 to $4,200 |

| Operating expenses | $1,009 to $1,019 | | $(86) | $(13) | |

On a management basis, we expect operating expense growth of approximately 8% year-over-year, which represents significant leverage over fiscal 2026.

Our recurrent consumer spending forecast assumes NBA 2K is up high single-digits, the Grand Theft Auto series is up and mobile is down due to last year's success of Color Block Jam and our assumption that trends will moderate for several of Zynga's mature mobile titles.

Our recurrent consumer spending forecast assumes NBA 2K is up high single-digits, the Grand Theft Auto series is up and mobile is down due to last year's success of Color Block Jam and our assumption that trends will moderate for several of Zynga's mature mobile titles.

Our recurrent consumer spending forecast assumes NBA 2K is up high single-digits, the Grand Theft Auto series is up and mobile is down due to last year's success of Color Block Jam and our assumption that trends will moderate for several of Zynga's mature mobile titles.

We expect recurrent consumer spending to be flat to fiscal 2026 and to represent 65% of net bookings.

We expect recurrent consumer spending to be flat to fiscal 2026 and to represent 65% of net bookings.

| Total net revenue | $7,900 to $8,100 | $100 | | | |

We expect GAAP net revenue to range from $7.9 billion to $8.1 billion and cost of revenue to range from $3.5 billion to $3.62 billion.

| Total net revenue | $7,900 to $8,100 |