"Revenue came in at $821 million, compared to $860.3 million during the same period last year, and short of Wall Street projections. Profit, however, soared from $17.4 million last year to $77.1 million for the latest period. GameStop's stock price sank after the earnings report came out, with many saying the revenue miss was to blame for the falling price."
"Others, however, have said GameStop's strong profit-growth, along with having more than $8.8 billion in cash, cash equivalents, and marketable securities (up from $4.6 billion last year) is a sign of health. Additionally, GameStop's Selling, General, and Administrative (SG&A) costs were $221.4 million for the quarter, down from $282 million during the same period last year. GameStop achieved the lower SG&A costs through a variety of means, including store closures and layoffs."
"GameStop made the majority of its money for the quarter that ended on November 1 from hardware and accessories, reaching $367.4 million (down from $417.4 million). Software sales came in at $197.5 million (down from $271.8 million), while revenue from collectibles landed at $256.1 million (up from $171.1 million). What's more, GameStop's Bitcoin holdings finished the quarter at $519.4 million. GameStop bought more than $510 million worth of Bitcoin in May 2025, so the value has appreciated, but not by much."
Revenue was $821 million, down from $860.3 million year-over-year and below Wall Street projections. Net profit rose to $77.1 million from $17.4 million a year earlier. GameStop's stock price fell after the report, with observers citing the revenue shortfall. Cash, cash equivalents, and marketable securities totaled more than $8.8 billion, up from $4.6 billion the prior year. SG&A expenses declined to $221.4 million from $282 million, aided by store closures and layoffs; 590 U.S. stores closed in fiscal 2024 and additional closures are anticipated in fiscal 2025. Hardware and accessories generated $367.4 million, software $197.5 million, and collectibles $256.1 million. Bitcoin holdings finished the quarter at $519.4 million after a May 2025 purchase of over $510 million.
Read at GameSpot
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