Company will discontinue reporting certain Non-GAAP financial measures
NEW YORK--(BUSINESS WIRE)--Jan. 18, 2017--
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that
it plans to report financial results for the third quarter of its fiscal
year 2017, ended December 31, 2016, after the market close on Tuesday,
February 7, 2017. The Company plans to hold a conference call to discuss
its results at 4:30 p.m. Eastern Time, which can be accessed by dialing
(877) 407-0984 or (201) 689-8577. A live, listen-only webcast and a
replay of the call will be available at http://ir.take2games.com/.
In addition, Take-Two announced that, starting with its results for
fiscal third quarter 2017, the Company will discontinue reporting
Non-GAAP Cost of Goods Sold, Non-GAAP Gross Profit, Non-GAAP Income from
Operations, Non-GAAP Net Income, and Non-GAAP Net Income Per Share.
Take-Two will continue to disclose data that is used internally by its
management and Board of Directors to adjust its GAAP financial results
in order to evaluate the performance of the Company’s business. This
data includes but is not limited to: change in deferred net revenue,
change in deferred cost of goods sold, stock-based compensation expense,
non-cash amortization of discount on convertible notes, and long-term
tax rate. In addition, the Company will continue to report its
operational metric – bookings.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is a
leading developer, publisher and marketer of interactive entertainment
for consumers around the globe. The Company develops and publishes
products through its two wholly-owned labels Rockstar Games and 2K. Our
products are designed for console systems and personal computers,
including smartphones and tablets, and are delivered through physical
retail, digital download, online platforms and cloud streaming services.
The Company’s common stock is publicly traded on NASDAQ under the symbol
TTWO. For more corporate and product information please visit our
website at http://www.take2games.com.
All trademarks and copyrights contained herein are the property of their
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Source: Take-Two Interactive
Take-Two Interactive Software, Inc.
A. Diamond, 646-536-3005
Senior Vice President
Relations & Corporate Communications
Alan Lewis, 646-536-2983
Communications & Public Affairs