From Financial Modeling Prep: 2025-06-11 16:44:00

GameStop (NYSE:GME) shares fell over 4% after reporting lower-than-expected first-quarter revenue, despite an unexpected profit. Adjusted earnings of $0.17 per share beat estimates, but revenue of $732.4 million missed forecasts of $754.2 million. Sales declined, with hardware and accessories revenue dropping around 32%.

GameStop returned to profitability with net income of $44.8 million, but faces challenges from the industry’s shift to digital game purchases. The company closed U.S. stores and expanded e-commerce efforts in response. Despite this, international restructuring charges led to an operating loss of $10.8 million, raising investor concerns about GameStop’s digital transformation.



Read more at Financial Modeling Prep:: GameStop Shares Dip 4% as Revenue Misses Despite S…