Lainie Goldstein
CFO at Take-Two Interactive
We expect the net bookings breakdown from our labels to be roughly 45% Zynga, thirty nine % two k, and 16% Rockstar Games. We expect operating cash flow to be approximately a hundred and $30,000,000, and we plan to deploy approximately a hundred and $40,000,000 of capital expenditures for game technology and office build outs. We expect GAAP net revenue to range from $5,950,000,000 to $6,050,000,000 and cost of revenue to range from $2,520,000,000 to $2,550,000,000 Our total operating expenses are expected to range from $3.78 to $3,800,000,000 On a management basis, we expect operating expense growth of approximately 3% year over year, which is largely due to higher marketing expenses. Now moving on to our guidance for the fiscal first quarter. We project net bookings to range from $1,250,000,000 to $1,300,000,000 compared to $1,220,000,000 in the first quarter last year.