GameStop (GME) Q3 2025 Earnings
GAAP diluted EPS of $0.13 includes $42.2 million non-cash interest expense from warrants issued to convertible noteholders, $10.7 million in asset impairments related to Canada/France divestitures, and $9.2 million unrealized loss on digital assets
How Did GME Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +0.90%.
Did GME Beat Earnings? Q3 2025 Results
Yes. GameStop reported Q3 2025 earnings of $0.24 a share on Dec 9, 2025, beating the $0.20 consensus estimate by 20.0%. Revenue was $821.0M against a $987.3M estimate.
GameStop delivered a split verdict in fiscal third-quarter 2025, posting an adjusted diluted EPS of $0.24 that topped the $0.20 consensus by 20%, while revenue of $821 million fell well short of the $987.28 million Wall Street had expected, sliding 4.6% from a year earlier and sending shares down roughly 7% in the days that followed. The real story was not at the top line but deep in the cost structure: SG&A expenses shrank to $221.40 million from $282.00 million a year ago, and gross margin expanded to 33.3% from 29.9%, together swinging operating income to a positive $41.30 million from a loss of $33.40 million in the prior-year period. GAAP net income reached $77.10 million, compared with $17.40 million a year ago, though GAAP diluted EPS of $0.13 reflected headwinds from $42.20 million in non-cash warrant interest and a $9.20 million unrealized loss on digital assets. With roughly $8.80 billion in cash and marketable securities and Bitcoin holdings valued at $519.40 million, GameStop's balance sheet continues to command as much attention as its retail operations.
- SG&A expenses reduced to $221.4 million from $282.0 million year-over-year
- Gross margin expanded to 33.3% from 29.9% year-over-year
- Collectibles category grew to 31.2% of sales from 19.9% year-over-year
- Interest income of $49.0 million from large cash and securities holdings
- U.S. segment generated $56.0 million in operating income
GME YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $821.0M | $860.3M | −4.6% |
| Gross Profit | $273.4M | $257.2M | +6.3% |
| Operating Income | $41.3M | $12.8M | +223.7% |
| Net Income | $77.1M | $17.4M | +343.1% |
GME Revenue by Segment
GME Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.