4 unchanged sentences
We have never declared or paid cash dividends.
−Removed: We currently anticipate that all future earnings will be retained to finance the growth of our business and we do not expect to declare or pay any cash dividends in the foreseeable future.
−Removed: The payment of dividends in the future is within the discretion of our Board of Directors and will depend upon future earnings, capital requirements and other relevant factors.
−Removed: Our Credit Agreement requires us to meet certain incurrence tests prior to paying a dividend.
−Removed: See "Liquidity and Capital Resources" under Item 7 for additional information on our Credit Agreement.
+Added: We currently anticipate that all future earnings will be retained to finance the growth of our business and pay down our outstanding debt.
+Added: We do not expect to declare or pay any cash dividends in the foreseeable future.
+Added: The payment of dividends in the future is within the discretion of our Board and will depend upon future earnings, capital requirements and other relevant factors.
Securities Authorized for Issuance under Equity Compensation Plans
The table setting forth this information is included in Part III—Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters .
+Added: Stock Performance Graph
+Added: The performance graph shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Exchange Act or the Securities Act of 1933, as amended.
+Added: The following line graph compares, from March 31, 2020 through March 31, 2025, the cumulative total shareholder return ("TSR") on our common stock with the cumulative TSR on (1) the stocks comprising the NASDAQ Composite Index, (2) the stocks comprising the S&P 500 Index, and (3) the RDG Technology Composite Index.
+Added: The comparison assumes $100 was invested on March 31, 2020 in our common stock and in each of the following indices and assumes reinvestment of all cash dividends, if any, paid on such securities.
+Added: We have not paid any cash dividends and, therefore, our cumulative TSR calculation is based solely upon stock price appreciation and not upon reinvestment of cash dividends.
+Added: Historical stock price is not necessarily indicative of future stock price performance.
+Added: Comparison of 5 Year Cumulative Total Return*
+Added: Among Take-Two Interactive Software, Inc., the NASDAQ Composite Index,
+Added: the S&P 500 Index, and the RDG Technology Composite Index
+Added: * The graph and chart assume that $100 was invested on March 31, 2020 in the applicable stock or index and that all dividends were reinvested.
+Added: 2020 2021 2022 2023 2024 2025
+Added: Take-Two Interactive Software, Inc.
+Added: $ 100.00 $ 148.98 $ 129.62 $ 100.58 $ 125.19 $ 174.73
+Added: NASDAQ Composite 100.00 173.40 187.36 162.49 219.49 233.47
+Added: S&P 500 100.00 156.35 180.81 166.84 216.69 234.58
+Added: RDG Technology Composite 100.00 170.46 183.07 165.71 205.89 220.69
Issuer Purchases of Equity Securities
−Removed: Share Repurchase Program —Our Board of Directors has authorized the repurchase of up to 21.7 shares of our common stock.
+Added: Share Repurchase Program —Our Board has authorized the repurchase of up to 21.7 shares of our common stock.
Under this program, we may purchase shares from time to time through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws.
1 unchanged sentence
The program does not require us to repurchase shares and may be suspended or discontinued at any time for any reason.
−Removed: During the fiscal years ended March 31, 2024, 2023, and 2022, we repurchased 0.0, 0.0, and 1.3 shares of our common stock in the open market, respectively, for $0.0, $0.0, and $200.0, respectively, including commissions, as part of the program.
+Added: During the fiscal years ended March 31, 2025, 2024, and 2023, we did not repurchase shares of our common stock.
As of March 31, 2025, we had repurchased a total of 11.7 shares of our common stock under the program, and 10.0 shares of our common stock remained available for repurchase under the share repurchase program.
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.