GameStop Earnings Reports

GameStop delivered a solid Q2, posting a significant increase in revenue and net income. Improved cost control and higher sales led to a return to profitability. The company also strengthened its balance sheet with a large cash position.

GameStop reported $732.4M in revenue and swung to a $44.8M net income, aided by cost-cutting measures and interest income, despite lower sales and restructuring charges.

GameStop saw a year-over-year drop in revenue for Q4 2024 but managed to improve profitability, achieving higher net income and operating income. The company also reported strong free cash flow and maintained substantial cash reserves.

GameStop's second quarter 2024 results showed a decrease in net sales to $0.798 billion from $1.164 billion in the prior year, but net income increased to $14.8 million compared to a net loss of $2.8 million in the same quarter last year. The company's cash and cash equivalents stood at $4.204 billion at the end of the quarter.