Loading...
•
Nov 01, 2025
GameStop Q3 2025 Earnings Report
GameStop returned to profitability with improved margins and higher net income in Q3 2025.
Key Takeaways
GameStop delivered a strong Q3 2025, reporting a significant turnaround in profitability driven by lower operating expenses and strong performance in collectibles. Net income rose sharply compared to the prior year.
Net income grew to $77.1 million from $17.4 million year-over-year.
Adjusted net income reached $139.3 million, driven by lower SG&A and warrant-related adjustments.
Revenue declined slightly to $821.0 million, down from $860.3 million in Q3 2024.
Collectibles revenue grew significantly, becoming a larger portion of the sales mix.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No formal guidance provided, but performance indicates stronger operating discipline and improved margin structure.
Positive Outlook
- Strong increase in net income and adjusted earnings.
- SG&A expenses significantly reduced year-over-year.
- Collectibles revenue grew to over 30% of total sales.
- Adjusted EBITDA turned positive versus negative prior year.
- High liquidity position with $8.8B in cash and equivalents.
Challenges Ahead
- Overall revenue declined compared to Q3 2024.
- Revenue in Europe nearly halved year-over-year.
- Canada operations contributed $0 revenue due to divestiture.
- Software segment sales dropped substantially.
- Unrealized losses on digital assets negatively impacted GAAP earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...