GameStop cautioned the strategy is untested and bitcoin is highly volatile. ... GameStop Approves Bitcoin Investment Strategy, Reports Strong Quarterly Profit. Faizan Farooque . Wed, Mar 26, 2025, ...

While GameStop’s total gross profit remained stable at approximately $1.23 billion in 2024, compared to 2020, the reduced store count pushed gross profit per store to approximately $385,000 ...

GameStop plans significant store closures in FY 2025 due to struggling in-person sales. The retailer will invest in Bitcoin as part of its strategy for profitability. GameStop will close a ...

GameStop stock (GME) fell as much as 15% during the struggling video game retailer's annual shareholder meeting on Monday as the company gave few details on its strategy going forward.

GameStop has not yet responded to a request for comment. While original meme stock GameStop reported a second-quarter profit, its sales dropped more than 30% to below analyst expectations.

GME reported a $157.9 million net loss in Q1. One year ago, the company’s Q1 loss was only $66 million. GameStop has been using $300 million in cash to support operations each quarter.

GameStop reported comparable-sales growth of 12.2%, driven mostly by a 44.8% surge in hardware sales. The popularity of the Nintendo Switch was the company's saving grace during the fourth quarter.

GameStop Corp. surprised investors with a quarterly profit in its second-quarter results Tuesday, but the videogame retailer still has many challenges ahead, according to analyst firm Wedbush.

GameStop shares are surging after the struggling video game retailer reported its first profitable quarter in two years. In early trading the company's stock soared 46% to $25.70.

GameStop's high asset turnover ratio compared to the broader market indicates the company can still generate revenue despite cost-cutting measures. Bernard Zambonin Oct 18, 2023 6:02 AM EDT ...

GameStop Focuses Strategy But Execution, Urgency Lacking Nov. 29, 2018 10:32 AM ET GameStop Corp. (GME) Stock GME 19 Comments 2 Likes John Miller 1.36K Follower s ...