Companies /Consumer Cyclical
Gamestop Corporation - Class A
NYSE: GME Specialty Retail
$26.56
▲ $1.28 (+5.06%) today
Markets closed · 11:42pm ET

GameStop (GME) Q2 2025 Earnings

Reported Sep 9, 2025, 4:07pm ET · SEC source
$0.25
Beat +61.29%
EPS · est. $0.16 Adjusted

GAAP EPS of $0.31 includes $28.6 million unrealized gain on digital assets (Bitcoin) and $(2.1) million asset impairment reversal; adjusted EPS of $0.25 excludes these items plus $0.4 million transformation costs

$972.2M
Beat +18.09%
Revenue · est. $823.2M
−4.5%
Trailing market
GME vs S&P since report
9 quarters
Consecutive EPS beats

How Did GME Stock React to Q2 2025 Earnings?

% change · around the report
0+4%+8%Sep 9Sep 10report 4:07pm ETearnings+0.4%+2.2%
0+4%+8%Sep 9Sep 10earnings+0.4%+2.2%
GME +2.2%S&P 500 +0.4%
0+5%+10%Sep 9Sep 10report 4:07pm ETearnings+0.2%+2.2%
0+5%+10%Sep 9Sep 10earnings+0.2%+2.2%
GME +2.2%NASDAQ +0.2%
−4%0+4%+8%Sep 8Sep 17report 4:07pm ETearnings+1.3%+6.7%
−4%0+4%+8%Sep 8Sep 17earnings+1.3%+6.7%
GME +6.7%S&P 500 +1.3%
−4%0+4%+8%Sep 8Sep 17report 4:07pm ETearnings+1.6%+6.7%
−4%0+4%+8%Sep 8Sep 17earnings+1.6%+6.7%
GME +6.7%NASDAQ +1.6%
+3.31%
Day of report
+1.97%
Next session
+7.10%
One week
−4.39%
30 days

S&P 500 over the same 30 days: +0.12%.

Did GME Beat Earnings? Q2 2025 Results

Yes. GameStop reported Q2 2025 earnings of $0.25 a share on Sep 9, 2025, beating the $0.16 consensus estimate by 61.3%. Revenue was $972.2M against a $823.2M estimate.

GameStop posted a standout second quarter for fiscal 2025, beating analyst expectations on both the top and bottom lines as a sweeping operational turnaround took hold. The company reported net sales of $972.20 million, up 21.8% year over year and well ahead of the $823.25 million consensus, while adjusted diluted EPS of $0.25 cleared the $0.15 estimate by 61.29%. The headline driver was a dramatic shift in profitability: GAAP operating income swung to $66.40 million from an operating loss of $22.00 million a year ago, powered by aggressive cost cuts that pulled SG&A expenses down to $218.80 million from $270.80 million, alongside a surge in hardware and accessories sales to $592.10 million. Collectibles also contributed meaningfully, with quarterly sales reaching $227.60 million versus $139.40 million a year prior. Looking ahead, GameStop announced a special warrant dividend that, if fully exercised, could generate approximately $1.90 billion in gross proceeds earmarked for investments, general corporate purposes, and potential acquisitions, signaling management's intent to deploy its growing capital base beyond the retail floor.

Key Takeaways
  • Hardware and accessories sales surged to $592.1 million from $451.2 million year-over-year
  • Collectibles sales grew significantly to $227.6 million from $139.4 million year-over-year
  • SG&A expenses reduced to $218.8 million from $270.8 million year-over-year
  • Net interest income of $79.6 million from massive cash and investment portfolio
  • $28.6 million unrealized gain on digital assets (Bitcoin)
  • U.S. segment net sales grew to $724.6 million from $545.6 million year-over-year

What Was GameStop's Outlook in Q2 2025?

GameStop announced a special warrant dividend distributing approximately 59 million warrants at an exercise price of $32.00 per share, exercisable through October 30, 2026. If fully exercised, the warrants could generate approximately $1.9 billion in gross proceeds intended for general corporate purposes, investments consistent with GameStop's Investment Policy, and potential acquisitions. The company continues to pursue divestiture of its French operations.

GME YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$300.0M$600.0M$900.0M$798.3M$972.2MRevenue$248.8M$283.1MGross Profit$13.2M$66.4MOperating Income$14.8M$168.6MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income
GME income statement, Q2 2025 versus Q2 2024
Metric Q2 2025 Q2 2024 Year over year
Revenue $972.2M $798.3M +21.8%
Gross Profit $283.1M $248.8M +13.8%
Operating Income $66.4M $13.2M +401.8%
Net Income $168.6M $14.8M +1,039.2%

GME Revenue by Segment

Hardware and Accessories
Collectibles$227.6M
Software

GME Revenue by Geography

United States$724.6M
Australia$140.9M
Europe$106.7M
Canada

Figures from SEC filings and company reports. Not investment advice.