Companies /Consumer Cyclical
Gamestop Corporation - Class A
NYSE: GME Specialty Retail
$26.56
▲ $1.28 (+5.06%) today
Markets closed · 11:59pm ET

GameStop (GME) Q3 2025 Earnings

Reported Dec 9, 2025, 4:03pm ET · SEC source
$0.24
Beat +20.00%
EPS · est. $0.20 Adjusted

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

$821.0M
Miss −16.84%
Revenue · est. $987.3M
−5.9%
Trailing market
GME vs S&P since report
9 quarters
Consecutive EPS beats

How Did GME Stock React to Q3 2025 Earnings?

% change · around the report
−3%0+3%Dec 9Dec 10report 4:03pm ETearnings+0.4%−1.8%
−3%0+3%Dec 9Dec 10earnings+0.4%−1.8%
GME −1.8%S&P 500 +0.4%
−3%0+3%Dec 9Dec 10report 4:03pm ETearnings+0.0%−1.8%
−3%0+3%Dec 9Dec 10earnings+0.0%−1.8%
GME −1.8%NASDAQ +0.0%
−3%0+3%+6%Dec 8Dec 17report 4:03pm ETearnings−1.5%+4.7%
−3%0+3%+6%Dec 8Dec 17earnings−1.5%+4.7%
GME +4.7%S&P 500 −1.5%
−4%0+4%Dec 8Dec 17report 4:03pm ETearnings−3.5%+4.7%
−4%0+4%Dec 8Dec 17earnings−3.5%+4.7%
GME +4.7%NASDAQ −3.5%
−4.28%
Day of report
−1.18%
Next session
+4.11%
One week
−4.97%
30 days

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.

Key Takeaways
  • 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

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$300.0M$600.0M$900.0M$860.3M$821.0MRevenue$257.2M$273.4MGross Profit$12.8M$41.3MOperating Income$17.4M$77.1MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income
GME income statement, Q3 2025 versus Q3 2024
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

Hardware and Accessories
Collectibles$256.1M+49.7%
Software

GME Revenue by Geography

United States$617.0M
Australia$110.2M
Europe$93.8M
Canada

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