Overview
- GameStop reported Q3 revenue of $821 million versus roughly $987 million expected, while adjusted EPS came in at $0.24 against a $0.20 consensus.
- Shares fell about 5–6% in after-hours and premarket trading following the mixed results.
- Hardware and accessories declined to $367.4 million and software fell to $197.5 million, while collectibles rose to $256.1 million year over year.
- SG&A decreased to $221.4 million, helping the company post $41.3 million in operating income after a $33.4 million loss a year earlier.
- The company ended the quarter with approximately $8.8 billion in cash and $519.4 million in Bitcoin and recorded a sixth consecutive quarter of positive operating cash flow.