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May 03
GameStop Q1 2025 Earnings Report
GameStop returned to profitability in Q1 2025 with a notable rebound in net income, driven by operational efficiencies and investment income.
Key Takeaways
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.
Returned to profitability with $44.8M in net income vs. $32.3M loss last year
Revenue declined to $732.4M from $881.8M YoY
Reported $56.9M in net interest income, supporting bottom line
Completed divestiture of Canada and acquired 4,710 Bitcoin post-quarter
GameStop
GameStop
GameStop Revenue by Segment
GameStop Revenue by Geographic Location
Revenue by Segment
Hardware & Accessories Revenue
CapyFin.comSoftware Revenue
CapyFin.comCollectibles Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comCanada Revenue
CapyFin.comAustralia Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
No formal quantitative guidance was issued, but recent strategic moves suggest a focus on streamlining operations and balance sheet strength.
Positive Outlook
- Positive net income after several quarters of losses
- Strong cash and equivalents at $6.39B
- Reduced SG&A costs significantly YoY
- Free cash flow turned positive to $189.6M
- Interest income contributed materially to profitability
Challenges Ahead
- Significant revenue decline YoY
- Impairment charges of $35.5M related to restructuring
- Continued operating loss on a GAAP basis
- Weakness in international markets, especially Europe
- Uncertainty around future earnings trajectory post-crypto purchases
Revenue & Expenses
Visualization of income flow from segment revenue to net income