GameStop has launched its latest earnings report, shining a light-weight on how the online game retailer is performing within the market–and it was a blended quarter for the corporate.
Income got here in at $821 million, in comparison with $860.3 million throughout the identical interval final yr, and in need of Wall Road projections. Revenue, nonetheless, soared from $17.4 million final yr to $77.1 million for the most recent interval. GameStop’s inventory worth sank after the earnings report got here out, with many saying the income miss was guilty for the falling worth.
Others, nonetheless, have mentioned GameStop’s robust revenue-progress, together with having greater than $8.8 billion in money, money equivalents, and marketable securities (up from $4.6 billion final yr) is an indication of well being. Moreover, GameStop’s Promoting, Common, and Administrative (SG&A) prices have been $221.4 million for the quarter, down from $282 million throughout the identical interval final yr.
GameStop achieved the decrease SG&A prices by means of quite a lot of means, together with retailer closures and layoffs. GameStop closed 590 shops within the US in fiscal 2024 and the corporate mentioned, “We anticipate closing a big variety of extra shops in fiscal 2025.”
GameStop made nearly all of its cash for the quarter that ended on November 1 from {hardware} and equipment, reaching $367.4 million (down from $417.4 million). Software program gross sales got here in at $197.5 million (down from $271.8 million), whereas income from collectibles landed at $256.1 million (up from $171.1 million).
What’s extra, GameStop’s Bitcoin holdings completed the quarter at $519.4 million. GameStop purchased greater than $510 million value of Bitcoin in Could 2025, so the worth has appreciated, however not by a lot. Bitcoin is extremely unstable, in any case. Bitcoin’s worth crashed from its all-time excessive worth of greater than $126,000 again in October 2025. Right now, Bitcoin is buying and selling at round $92,100.
GameStop was additionally within the information just lately for its Commerce Something Day, the place folks may carry nearly something to a retailer to commerce in for $5. Folks introduced useless animals and a tiny Jesus.