Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Take-Two Interactive Software Inc., EBITDA calculation

US$ in thousands

12 months ended:	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income (loss)	(4,478,900)	(3,744,200)	(1,124,700)	418,022)	588,886)	404,459)
Add: Income tax expense	(12,400)	41,400)	(213,400)	47,376)	88,930)	53,980)
Earnings before tax (EBT)	(4,491,300)	(3,702,800)	(1,338,100)	465,398)	677,816)	458,439)
Add: Interest expense	167,300)	140,600)	129,600)	18,628)	6,207)	2,637)
Earnings before interest and tax (EBIT)	(4,324,000)	(3,562,200)	(1,208,500)	484,026)	684,023)	461,076)
Add: Amortization and impairment of software development costs and licenses	333,800)	292,700)	268,300)	153,279)	144,263)	167,925)
Add: Amortization and impairment of intangibles	922,600)	1,418,900)	1,506,700)	64,817)	32,241)	20,990)
Add: Depreciation	153,900)	135,500)	90,300)	61,196)	56,309)	47,628)
Earnings before interest, tax, depreciation and amortization (EBITDA)	(2,913,700)	(1,715,100)	656,800)	763,318)	916,836)	697,619)

Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Take-Two Interactive Software Inc. EBITDA decreased from 2023 to 2024 and from 2024 to 2025.

Take-Two Interactive Software Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	43,779,745)
Earnings before interest, tax, depreciation and amortization (EBITDA)	(2,913,700)
Valuation Ratio
EV/EBITDA	—
Benchmarks
EV/EBITDA, Competitors¹
Alphabet Inc.	15.27
Comcast Corp.	5.95
Meta Platforms Inc.	19.51
Netflix Inc.	19.88
Walt Disney Co.	17.64
EV/EBITDA, Sector
Media & Entertainment	16.09
EV/EBITDA, Industry
Communication Services	13.77

Based on: 10-K (reporting date: 2025-03-31).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Take-Two Interactive Software Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	44,319,116)	27,867,153)	25,291,781)	11,341,810)	17,472,522)	13,461,826)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	(2,913,700)	(1,715,100)	656,800)	763,318)	916,836)	697,619)
Valuation Ratio
EV/EBITDA³	—	—	38.51	14.86	19.06	19.30
Benchmarks
EV/EBITDA, Competitors⁴
Alphabet Inc.	—	16.81	17.01	14.66	18.08	20.84
Comcast Corp.	—	5.84	7.10	9.60	8.45	10.36
Meta Platforms Inc.	—	19.48	19.72	12.19	10.85	17.31
Netflix Inc.	—	16.03	11.85	8.40	9.51	16.57
Walt Disney Co.	—	16.57	17.34	17.80	34.53	60.13
EV/EBITDA, Sector
Media & Entertainment	—	16.32	15.63	12.92	14.63	18.68
EV/EBITDA, Industry
Communication Services	—	13.87	12.96	11.75	11.59	14.52