For the initial quarter of their financial year, GameStop (GME) has revealed their earnings report. Contrary to predictions for profits, they surpassed the target, but failed to meet the anticipated revenue figure. This discrepancy has caused a substantial drop in the company’s stock value.
Today, GameStop disclosed its Q1 2025 financial results after the market closed. The retail business recorded a revenue of $732.4 million, which fell short of the projected $750 million. In terms of EPS, GameStop surpassed expectations by reporting earnings per share of $0.17 compared to the anticipated $0.08.
Following the release of its latest financial report, GameStop’s (GME) stock plummeted. After closing at $30.24 during regular trading hours, shares dropped to as low as $28.52 in post-market trading.
In Q1 2025, it was disclosed that GameStop experienced a 54% increase in their collectibles income during that period. Keep an eye on Shacknews for further financial updates within the gaming industry.
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2025-06-10 23:57