Overview

• Adjusted earnings per share came in at $0.25, topping estimates by $0.06 as shares advanced in trading.
• GameStop reported a net loss of $18.5 million for the quarter ended Aug. 2.
• The company will issue a special dividend of warrants at a ratio of 1 for every 10 shares, with a $32 exercise price and an Oct. 30, 2026 expiration; the record date is Oct. 3 and about 59 million warrants are expected to be distributed on or around Oct. 7.
• Sales mix shifted as hardware and accessories rose 31% to $592 million and collectibles jumped 63% to $228 million, while software fell 27% to $152.5 million.
• Bitcoin holdings totaled 4,710 BTC valued at $528.6 million with an unrealized gain of $28.6 million, and cash and equivalents stood at $6.1 billion excluding digital assets.