GameStop (GME) Q4 2024 Earnings

Yes. GameStop reported Q4 2024 earnings of $0.30 a share on Mar 25, 2025, beating the $0.08 consensus estimate by 275.0%. Revenue was $1.3B against a $1.5B estimate.

GameStop delivered a tale of two metrics in its fiscal fourth quarter, posting adjusted EPS of $0.30 against a consensus estimate of just $0.08, a 275% beat, even as revenue slid 28.5% year-over-year to $1.28 billion, falling $200 million short of the $1.48 billion analysts had expected. The profitability outperformance was driven largely by factors outside the company's core retail operations: gross margin expanded to 28.3% from 23.4%, SG&A was trimmed to $282.50 million from $359.20 million, and $54.80 million in net interest income, generated by the $4.76 billion cash pile built through last year's equity offerings, padded the bottom line considerably. The revenue shortfall reflected deliberate contraction, including the divestiture of Italian operations and wind-down of German stores during the quarter. The headline grabbing development, however, came alongside the results, as GameStop's board unanimously approved Bitcoin as a treasury reserve asset, sending shares up 13% and signaling a potential new direction for deploying its substantial cash reserves.