Risk Sleuth
TTWO · 10-K filed 22 May 2026 · year to 31 Mar 2026

Take-Two Interactive Software

34 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Google

earns from · more than 10.0% of our net revenuenamed as a risk
Sales to our five largest customers during the fiscal year ended March 31, 2026 accounted for 80.6% of our net revenue, with Apple, Sony, Google, and Microsoft each accounting for more than 10.0%.Risk factors (Item 1A)

Also named by ABNB, AES, APP, BKNG, CSGP, CTSH, DOCU, ETSY and 14 more

Microsoft

earns from · more than 10.0% of our net revenuenamed as a risk
Sales to our five largest customers during the fiscal year ended March 31, 2026 accounted for 80.6% of our net revenue, with Apple, Sony, Google, and Microsoft each accounting for more than 10.0%.Risk factors (Item 1A)

Also named by AAOI, AAON, AES, AJG, AMD, BLK, CDW, CEG and 13 more

Apple

earns from · more than 10.0% of our net revenuenamed as a risk
Sales to our five largest customers during the fiscal year ended March 31, 2026 accounted for 80.6% of our net revenue, with Apple, Sony, Google, and Microsoft each accounting for more than 10.0%.Risk factors (Item 1A)

Also named by ABNB, AMKR, BBY, BKNG, CDW, GLW, INTC, META and 5 more

Sony

earns from · more than 10.0% of our net revenuenamed as a risk
Sales to our five largest customers during the fiscal year ended March 31, 2026 accounted for 80.6% of our net revenue, with Apple, Sony, Google, and Microsoft each accounting for more than 10.0%.Risk factors (Item 1A)

Also named by AMD, BBY, IDCC

Partners and platforms

Apple App Store and Google Play Store

depends on · 91.0% of our mobile revenuenamed as a risk
In the fiscal year ended March 31, 2026, we derived 91.0% of our mobile revenue on Apple and Google platforms.Risk factors (Item 1A)

Sony PlayStation and Microsoft Xbox consoles

depends on · 39.0% of our net revenuenamed as a risk
We derive a significant portion of our revenue from the sale of products made for video game platforms manufactured by third parties, such as Sony's PlayStation consoles and Microsoft's Xbox consoles, which comprised 39.0% of our net revenue by product platform for the fiscal year ended March 31, 2026.Risk factors (Item 1A)

National Basketball Association (NBA)

depends onnamed as a risk
Demand for and sales of titles in our NBA 2K series are also seasonal in that they are typically released just prior to the start of the NBA season.Risk factors (Item 1A)

Also named by CMCSA, DKNG, LLYVA, MSGS, OWL, SPHR

Facebook

depends onnamed as a risk
We also derive significant revenues from distribution on third‑party mobile and web platforms, such as the Apple App Store, the Google Play Store, and Facebook, which are also our direct competitors and, in some cases, the exclusive means through which our content reaches gamers on those platforms, and most of the virtual currency we sell is purchased using these platform providers’ payment processing systems.Risk factors (Item 1A)

Also named by ETSY, MGNI

PlayStation Global Developer and Publisher Agreement

depends onnamed as a risk
Sony may terminate the agreement for any or no reason upon 30 days’ notice.Business (Item 1)

Xbox Agreements

depends onnamed as a risk
The terms of both Xbox Agreements expire on March 31, 2027, each with automatic one-year renewal terms thereafter (unless one party gives the other advance notice of non-renewal).Business (Item 1)

Sports league and players' association licenses

depends onnamed as a risk
If we are unable to maintain and renew these licenses or obtain additional licenses on reasonable economic terms or with significant commercial value, our revenue and profitability could decline significantly.Risk factors (Item 1A)

Steam

depends onnamed as a risk
We rely upon third-party digital delivery platforms, such as Microsoft's Xbox Live, PlayStation Network, Steam, and other third-party service providers, to provide connectivity from the consumer to our digital products and our online services.Risk factors (Item 1A)

Tencent

depends on
Within these regions, China is our most established market, where we offer NBA 2K Online through our partnership with Tencent.Business (Item 1)

Also named by RBLX, U

Other companies

Grand Theft Auto

concentrated in · 12.4% of our net revenuenamed as a risk
Grand Theft Auto products contributed 12.4% of our net revenue for the fiscal year ended March 31, 2026, and the five best-selling franchises (including Grand Theft Auto), which may change year over year, in the aggregate accounted for 54.3% of our net revenue for the fiscal year ended March 31, 2026.Risk factors (Item 1A)

ZMC Advisors, L.P.

depends onnamed as a risk
The loss of the services of our executive officers, ZMC, or certain key creative personnel could significantly harm our business.Risk factors (Item 1A)

Places

Europe

earns from · 40.8% of our net revenue was earned outside the U.S.named as a risk
Sales in international markets, primarily in Europe, have accounted for a significant portion of our net revenue.Risk factors (Item 1A)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

China

subject tonamed as a risk
A decision by the Chinese government to revoke its approval for any of our games or to decline to approve any products we desire to sell in China in the future could have a negative impact on our business.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Brazil

subject tonamed as a risk
Further, Brazil has recently introduced new regulations to prohibit the availability of paid random digital items to players under the age of 18 and other jurisdictions such as Spain and Portugal are actively considering introducing similar restrictions.Risk factors (Item 1A)

Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more

Hazards

Russia-Ukraine war and war in the Middle East

named as a risk
Our business may also be affected directly or indirectly by major world events, such as the Russia-Ukraine war and the war in the Middle East.Risk factors (Item 1A)

Commodities and inputs

British Pound

exposed to its price · a gain of $29.6
The change in foreign currency translation adjustment was primarily driven by the weakening of the U.S. Dollar against the British Pound.Market risk (Item 7A)

Also named by ABBV, ADBE, AJG, AME, AMP, APA, BF/B, BRO and 39 more

Turkish Lira

exposed to its pricenamed as a risk
In particular, during the six months ended September 30, 2023, there was a significant devaluation of the Turkish Lira against the U.S. Dollar, which negatively affected our results.Market risk (Item 7A)

Regulators

U.S. Federal Trade Commission (FTC)

subject tonamed as a risk
New regulation by the FTC, U.S. states or other international jurisdictions, which may vary significantly across jurisdictions and with which we may be required to comply, could require that these game mechanics be modified or removed from games, increase the costs of operating our games, impact player engagement and monetization or otherwise harm our business performance.Risk factors (Item 1A)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

Entertainment Software Rating Board (ESRB)

subject tonamed as a risk
If we are unable to obtain "M" ratings and instead receive "AO" ratings on future versions of those or similar titles as a result of changes in the ESRB's ratings standards or for other reasons, including the adoption of legislation in this area, our business and prospects could be negatively affected.Risk factors (Item 1A)

Laws and programs

OECD Pillar Two

subject to · 15% minimum ratenamed as a risk
Pillar Two could result in additional tax liability over the regular corporate tax liability in a particular jurisdiction to the extent tax expense is less than a 15% minimum rate.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

E.U. Digital Services Act

subject to · up to 6% of annual global revenuesnamed as a risk
Noncompliance with the DSA could result in fines of up to 6% of annual global revenues, which are in addition to the ability of service recipients to lodge lawsuits against service providers in respect of any damage or loss suffered as result of such noncompliance.Risk factors (Item 1A)

U.S. tariffs (IEEPA and global 10% tariff)

subject tonamed as a risk
Following the U.S. Supreme Court's decision, on February 24, 2026, the U.S., via an Executive Order signed by the President, implemented a global 10% tariff on all countries for a period of 150 days.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

One Big Beautiful Bill Act

subject tonamed as a risk
It is possible that these changes could have an adverse impact on our effective tax rate, tax payments, financial condition, or results of operations.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

Children's Online Privacy Protection Act (COPPA)

subject tonamed as a risk
The FTC's most recent amendments to the COPPA Rule became effective in April 2026.Risk factors (Item 1A)

Also named by APP, BBW, DIS, GOOG, HAS, META, MGNI, RBLX and 2 more

Video Privacy Protection Act (VPPA)

subject tonamed as a risk
For instance, in recent years, plaintiffs' lawyers have asserted claims under the VPPA or the California Invasion of Privacy Act ("CIPA"), alleging that certain online activities and data collection via cookies and similar tracking technologies violate the law.Risk factors (Item 1A)

Also named by DIS, SPHR, TKO

E.U. General Data Protection Regulation (GDPR)

subject tonamed as a risk
The E.U. GDPR and U.K. GDPR contain significant penalties for non-compliance, which have been imposed by regulators.Risk factors (Item 1A)

Also named by APP

Apple AppTracking Transparency

subject tonamed as a risk
These requirements are known as Apple's AppTracking Transparency framework and have been maintained in subsequent versions of Apple iOS.Risk factors (Item 1A)

Loot box regulation

subject tonamed as a risk
In particular, Australia and Brazil have recently introduced more stringent regulations on games that contain simulated gambling and loot boxes.Risk factors (Item 1A)

Digital Fairness Act

subject tonamed as a risk
Furthermore, the European Commission has confirmed that loot boxes, virtual currencies, and certain in-game mechanics, are being considered as part of its preparation of the Digital Fairness Act, a draft of which is expected to be published later this year.Risk factors (Item 1A)

E.U. Artificial Intelligence Act

subject tonamed as a risk
For instance, the European Union ("E.U.") Artificial Intelligence Act entered into force in August 2024, with some provisions becoming enforceable between February 2025 and August 2027, subject to a likely delay of the Act's high-risk enforcement until December 2027.Risk factors (Item 1A)