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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.
Revenue rose to $972.2M, up from $798.3M a year ago
Net income jumped to $168.6M, driven by higher sales and cost reductions
Operating income reached $66.4M, reversing a loss from last year
Bitcoin holdings were valued at $528.6M, indicating continued investment in digital assets
GameStop did not provide formal forward guidance but emphasized strong liquidity, strategic divestitures, and operational efficiency.
Visualization of income flow from segment revenue to net income