GameStop Q1 Financial Report: Net Profit of $44.8 million, Recently Purchased 4,710 Bitcoins

Gate News bot message, GameStop Corp. (NYSE: GME) released its first quarter financial performance for the period ending May 3, 2025, with the company’s condensed and consolidated financial statements (including GAAP and non-GAAP results) as follows:

Net sales for this quarter were $732.4 million, compared to $881.8 million for the same period last year; This quarter’s sales, general and administrative expenses ( SG&A ) were $228.1 million, compared to $295.1 million in the same period last year; The operating loss for this quarter was $10.8 million, compared to $50.6 million for the same period last year; The operating loss for this quarter includes a $35.5 million impairment charge related to the international restructuring. After deducting impairment expenses and other items, the adjusted operating profit for this quarter is $27.5 million, while the adjusted operating loss for the same period last year was $55 million. The net profit for this quarter is $44.8 million, compared to a net loss of $32.3 million during the same period last year. After deducting impairment expenses and other items, the adjusted net profit for this quarter is $83.1 million, while the adjusted net loss for the same period last year was $36.7 million. As of the end of the first quarter, the total amount of cash, cash equivalents, and marketable securities was $6.4 billion, compared to $1 billion in the same period last year.

In addition, the company completed a Canadian divestiture on May 4, 2025, and purchased 4,710 bitcoins in cash between May 3, 2025 and June 10, 2025.

Source: Businesswire