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.

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Source: Take-Two Interactive

Take-Two Interactive Software, Inc. (Investor Relations) Henry A. Diamond, 646-536-3005 Senior Vice President Investor Relations & Corporate Communications Henry.Diamond@take2games.com or (Corporate Press) Alan Lewis, 646-536-2983 Vice President Corporate Communications & Public Affairs Alan.Lewis@take2games.com