Overview
- Revenue came in at $821 million versus the $987.3 million consensus, down 4.5% from a year earlier.
- Adjusted earnings were $0.24 per share, topping the $0.20 estimate, as operating income reached $41.3 million versus a year-ago loss.
- Category results showed hardware and accessories at $367.4 million and software at $197.5 million, both lower year over year, while collectibles rose to $256.1 million from $171.1 million.
- GameStop ended the quarter with approximately $8.8 billion in cash, cash equivalents and marketable securities, and $519.4 million in Bitcoin holdings.
- The company did not hold an earnings call, and shares fell about 5.7% after hours as options pricing had implied roughly a 9.5% post-report move.