GameStop Stock Slumps As Games And Hardware Sales Decline

GameStop has released its latest earnings report, shining a light on how the video game retailer is performing in the market--and it was a mixed quarter for the company.

Revenue came in at $821 million, compared to $860.3 million during the same period last year, and short of Wall Street projections. Profit, however, soared from $17.4 million last year to $77.1 million for the latest period. GameStop's stock price sank after the earnings report came out, with many saying the revenue miss was to blame for the falling price.

Others, however, have said GameStop's strong profit-growth, along with having more than $8.8 billion in cash, cash equivalents, and marketable securities (up from $4.6 billion last year) is a sign of health. Additionally, GameStop's Selling, General, and Administrative (SG&A) costs were $221.4 million for the quarter, down from $282 million during the same period last year.

GameStop achieved the lower SG&A costs through a variety of means, including store closures and layoffs. GameStop closed 590 stores in the US in fiscal 2024 and the company said, "We anticipate closing a significant number of additional stores in fiscal 2025."

GameStop made the majority of its money for the quarter that ended on November 1 from hardware and accessories, reaching $367.4 million (down from $417.4 million). Software sales came in at $197.5 million (down from $271.8 million), while revenue from collectibles landed at $256.1 million (up from $171.1 million).

What's more, GameStop's Bitcoin holdings finished the quarter at $519.4 million. GameStop bought more than $510 million worth of Bitcoin in May 2025, so the value has appreciated, but not by much. Bitcoin is highly volatile, after all. Bitcoin's value crashed from its all-time high price of more than $126,000 back in October 2025. Today, Bitcoin is trading at around $92,100.

GameStop was also in the news recently for its Trade Anything Day, where people could bring almost anything to a store to trade in for $5. People brought dead animals and a tiny Jesus.

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