Exhibit 99.1

Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2018

GAAP net revenue grew 6% to $443.6 million

GAAP net loss was $0.03 per diluted share

Net Bookings grew 20% to $577.0 million

New York, NY — November 7, 2017 — Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported results for its fiscal second quarter 2018, ended September 30, 2017.  In addition, the Company provided its initial financial outlook for its fiscal third quarter ending December 31, 2017, and updated its financial outlook for its fiscal year ending March 31, 2018.

Fiscal Second Quarter 2018 GAAP Financial Highlights

Net revenue was $443.6 million, as compared to $420.2 million in last year’s fiscal second quarter.  Recurrent consumer spending (virtual currency, add-on content and microtransactions) grew 66% year-over-year and accounted for 48% of total net revenue.  The largest contributors to net revenue in fiscal second quarter 2018 were NBA® 2K17, Grand Theft Auto® Online and Grand Theft Auto V, WWE® SuperCard and WWE 2K17, and XCOM® 2.

Digitally-delivered net revenue grew 31% to $302.9 million, as compared to $230.8 million in last year’s fiscal second quarter, and accounted for 68% of total net revenue.  The largest contributors to digitally-delivered net revenue in fiscal second quarter 2018 were NBA 2K17, Grand Theft Auto Online and Grand Theft Auto V, XCOM 2, and WWE SuperCard.

Net loss was $2.7 million, or $0.03 per diluted share, as compared to net income of $36.4 million, or $0.39 per diluted share, for the comparable period last year.

As of September 30, 2017, the Company had cash and short-term investments of $1.263 billion.

The following data, together with a management reporting tax rate of 22%, are used internally by the Company’s management and Board of Directors to adjust the Company’s GAAP financial results in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook:

In order to calculate net income per diluted share for management reporting purposes, the Company uses its fully diluted share count of 118.1 million and adds back to net income the interest expense, net of tax, on the convertible notes of $0.3 million.

Operational Metric — Net Bookings

As previously announced, starting with fiscal second quarter 2018, Take-Two has changed the name of its operational metric from Net Sales to Net Bookings.  The Company has made this change to avoid confusion with the net sales captions used by some companies in their GAAP financial statements, and to be consistent with operational metrics provided by its peers.  Net Bookings is defined as the net amount of products and services sold digitally or sold-in physically during the period, and includes licensing fees, merchandise, in-game advertising, strategy guides and publisher incentives.  The Company’s definition of Net Bookings is identical to its previous definition of Net Sales.

During fiscal second quarter 2018, total Net Bookings grew 20% to $577.0 million, as compared to $479.4 million during last year’s fiscal second quarter.  Net Bookings from recurrent consumer spending grew 84% year-over-year and accounted for 42% of total Net Bookings.  The largest contributors to Net Bookings were NBA 2K18 and NBA 2K17, Grand Theft Auto Online and Grand Theft Auto V, Dragon City and Monster Legends, and XCOM 2.

Catalog accounted for $310.5 million of Net Bookings led by Grand Theft Auto, NBA 2K, Dragon City and Monster Legends, and XCOM 2.

Digitally-delivered Net Bookings grew 52% to $355.7 million, as compared to $234.2 million in last year’s fiscal second quarter, and accounted for 62% of total Net Bookings.  The largest contributors to digitally-delivered Net Bookings in fiscal second quarter 2018 were Grand Theft Auto Online and Grand Theft Auto V, NBA 2K18 and NBA 2K17, Dragon City and Monster Legends, and XCOM 2.

Management Comments

“Our positive momentum continued in the second quarter, enabling Take-Two to deliver another period of better-than-expected operating results,” said Strauss Zelnick, Chairman and CEO of Take-Two.  “Grand Theft Auto Online delivered its best quarter yet, Net Bookings from Grand Theft Auto V grew year-over-year, and we enjoyed the successful launch of NBA 2K18, which generated growth in both units sold and recurrent consumer spending.

“As a result of our outperformance in the second quarter and increased forecast for the remainder of the fiscal year, we are raising our fiscal 2018 outlook for Net Bookings and net cash provided by operating activities.  We now expect fiscal 2018 to be another year of Net Bookings growth, as well as strong cash flow.  Looking ahead, we expect fiscal 2019 to be a record year for Net Bookings and net cash provided by operating activities led by the upcoming launches of Rockstar Games’ Red Dead Redemption 2 and a highly anticipated new title from one of 2K’s biggest franchises.  We have a robust development pipeline and are better positioned than ever for long-term growth and margin expansion.”

Business and Product Highlights

Since July 1, 2017:

Rockstar Games:

·                  Grand Theft Auto V has now sold in more than 85 million units.  According to The NPD Group, Grand Theft Auto V is now the all-time best-selling video game, both in revenues and units, based on combined U.S. digital and physical sales across PC, console and portable.

·                  Released new free content updates for Grand Theft Auto Online, including:

·                  Smuggler’s Run, a major update focused on aerial vehicles and gameplay that introduces new smuggling-based business opportunities, a new Hangar property for storing a range of aircraft, including planes, choppers and ultralights for transporting criminal cargo across the state; and an array of themed content drops post-launch featuring:

·                  Motor Wars, a vehicle-based battle for survival in an ever-shrinking combat area.

·                  The Bombushka military bomber and Bombushka Run Adversary Mode.

·                  The Mammoth Mogul aircraft and Stockpile, a new, jet-fueled take on capture-the-flag.

·                  Transform Races, a new form of Stunt Race where players switch vehicle classes instantly mid-race across land, air and sea.

·                  Special Halloween content including the Vigilante weaponized vehicle, the Seabreeze aircraft and Condemned, a nightmarish version of tag where the only way to escape certain death is to take down another player.

·                  Announced that new versions of the blockbuster detective thriller, L.A. Noire, are scheduled to release on November 14, 2017 for Nintendo Switch™, PlayStation®4 and Xbox One.  These new versions include the original L.A. Noire game plus all of its additional downloadable content, with specific enhancements tailored to the unique capabilities of each platform.  Following these in December, 2017, comes LA Noire: The VR Case Files, featuring seven select cases from the original game rebuilt specifically for a virtual reality experience on the HTC VIVE™ system.

2K:

·                  Launched WWE 2K18 for PlayStation 4, Xbox One and PC.  Developed collaboratively by Yuke’s and Visual Concepts, WWE 2K18 features Seth Rollins as its cover Superstar, along with the largest playable roster in franchise history, the new online-centric Road to Glory mode, notable gameplay improvements, and a powerful new graphics engine.  In addition, WWE 2K18 will be released for Nintendo Switch during fall 2017, marking the first time in five years that a WWE game has been available on a Nintendo platform.  WWE 2K18 is being supported with a series of downloadable content, including a Season Pass.

·                  Launched NBA 2K18, the current iteration of our top-rated and top-selling NBA video game simulation series, for PlayStation 4, PlayStation 3, Xbox One, Xbox 360, Nintendo Switch and PC.  Developed by Visual Concepts, NBA 2K18 received positive reviews from influential critics, including 91/100 from Forbes, 9/10 from Game Informer and 4.5/5 from Digital Trends.  To date, NBA 2K18 has sold-in over 6 million units, and both sell-in and sell-through of the title have grown more than 20% over the prior year’s release, including a significant increase in digitally-delivered sales.

·                  Released XCOM 2: War of the Chosen, the expansion pack for the 2016 award-winning strategy title from Firaxis Games, for PlayStation 4, Xbox One and PC.  Fans and critics have been delighted by the new Chosen enemies and Faction Heroes, with Game Informer awarding the title 9.25 out of 10 calling it, “One of the most rewarding strategy games in years”.

·                  Released Sign of the Times — the third downloadable add-on content pack for Mafia III, which is available for individual purchase or as part of the title’s Season Pass, for PlayStation 4, Xbox One and PC.

Financial Outlook for Fiscal 2018

Take-Two is providing its initial financial outlook for its fiscal third quarter ending December 31, 2017, and updating its financial outlook for its fiscal year ending March 31, 2018, as follows:

Third Quarter Ending December 31, 2017

·                  GAAP net revenue is expected to range from $440 to $490 million

·                  GAAP net (loss) is expected to range from ($40) to ($29) million

·                  GAAP diluted net (loss) per share is expected to range from ($0.35) to ($0.25)

·                  Share count used to calculate GAAP diluted net loss per share is expected to be 113.6 million (1)

·                  Net Bookings (operational metric) are expected to range from $610 to $660 million

The Company is also providing selected data and its management reporting tax rate of 22% that are used internally by its management and Board of Directors to adjust the Company’s GAAP financial outlook in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook:

Fiscal Year Ending March 31, 2018

As a result of its better-than-expected fiscal second quarter 2018 operating performance and increased outlook for the remainder of the fiscal year, Take-Two is raising its fiscal year 2018 outlook for Net Bookings and net cash provided by operating activities.  In addition, due primarily to higher internal royalties driven by the strong performance of Grand Theft Auto V and Grand Theft Auto Online, as well as higher equity compensation expense, the Company is reducing its outlook for GAAP net income.

·                  GAAP net revenue is expected to range from $1.74 to $1.84 billion

·                  GAAP net income is expected to range from $63 to $91 million

·                  GAAP diluted net income per share is expected to range from $0.55 to $0.80

·                  Share count used to calculate GAAP diluted net income per share is expected to be 113.6 million (4)

·                  Net cash provided by operating activities is expected to be approximately $300 million

·                  Capital expenditures are expected to be approximately $60 million

·                  Net Bookings (operational metric) are expected to range from $1.93 to $2.03 billion

The Company is also providing selected data and its management reporting tax rate of 22% that are used internally by its management and Board of Directors to adjust the Company’s GAAP financial outlook in order to facilitate comparison of its operating performance between periods and to better understand its core business and future outlook:

(1)         For the fiscal third quarter ending December 31, 2017, the Company’s fully diluted share count used for management reporting purposes is expected to be 119.8 million, which includes 113.6 million basic shares, 4.2 million shares representing the potential dilution from unvested employee stock grants, and 2.0 million shares representing the potential dilution from convertible notes.  The interest expense, net of tax, on the convertible notes, which is added back to net income to calculate diluted net income per share for management reporting purposes is $0.1 million.  Take-Two’s GAAP net income per diluted share outlook is calculated using its basic share count of 113.6 million because using the “if-converted” method and the Company’s fully diluted share count of 119.8 million would have been anti-dilutive.

(2)         The individual components of the financial outlook may not foot to the totals as the Company does not expect actual results for every component to be at the low end or high end of the outlook range simultaneously.

(3)         The Company’s stock-based compensation expense for the periods above includes the cost of approximately 0.6 million restricted stock units previously granted to ZelnickMedia that are subject to variable accounting.  Actual expense to be recorded in connection with these shares is dependent upon several factors, including future changes in Take-Two’s stock price.

(4)         For the fiscal year ending March 31, 2018, the Company’s fully diluted share count used for management reporting purposes is expected to be 118.8 million, which includes 110.0 million basic shares, 3.6 million shares representing the potential dilution from unvested employee stock grants, and 5.2 million shares representing the potential dilution from convertible notes.  The interest expense, net of tax, on the convertible notes, which is added back to net income to calculate diluted net income per share for management reporting purposes is $1.0 million.  Take-Two’s GAAP net income per diluted share outlook is calculated using a diluted share count of 113.6 million (basic shares plus unvested employee stock grants ), because using the “if-converted” method and the Company’s fully diluted share count of 118.8 million would have been anti-dilutive.

(5)         Includes $2.4 million of stock-based compensation related to business reorganization.

Key assumptions and dependencies underlying the Company’s financial outlook include: the timely delivery of the titles included in this financial outlook; continued consumer acceptance of the Xbox One and PlayStation 4; the ability to develop and publish products that capture market share for these new-generation systems while also leveraging opportunities on the Nintendo Switch, Xbox 360, PlayStation 3, PC and mobile platforms; and stable foreign exchange rates.  See also “Cautionary Note Regarding Forward Looking Statements” below.

Product Releases

The following titles were released since July 1, 2017:

                Take-Two’s lineup of future titles announced to date includes:

Conference Call

Take-Two will host a conference call today at 4:30 p.m. Eastern Time to review these results and discuss other topics.  The call can be accessed by dialing (877) 407-0984 or (201) 689-8577.  A live listen-only webcast of the call will be available by visiting http://ir.take2games.com and a replay will be available following the call at the same location.

Final Results

The financial results discussed herein are presented on a preliminary basis; final data will be included in Take-Two’s Quarterly Report on Form 10-Q for the period ended September 30, 2017.

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 principally 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 respective holders.

Cautionary Note Regarding Forward-Looking Statements

The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company’s future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, our dependence on our Grand Theft Auto products and our ability to develop other hit titles, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, and risks associated with international operations. Other important factors and information are contained in the Company’s most recent Annual Report on Form 10-K, including the risks summarized in the section entitled “Risk Factors,” the Company’s most recent Quarterly Report on Form 10-Q, and the Company’s other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

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TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

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TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES

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TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES

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TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES

Net Revenue and Net Bookings by Geographic Region, Distribution Channel, and Product Platform

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