From GlobeNewswire: 2025-03-25 16:03:00

GameStop Corp. released financial results for Q4 and FY 2024, with net sales of $1.283 billion and $3.823 billion, respectively. Net income for the fourth quarter was $131.3 million, with adjusted EBITDA of $96.5 million. Cash, cash equivalents, and marketable securities were $4.775 billion at the end of the quarter. The company did not hold a conference call.

For the full year 2024, net sales were $3.823 billion, with SG&A expenses of $1.130 billion. Net income for the year was $131.3 million, with adjusted EBITDA of $36.1 million. The company completed divestiture of Italy and the wind-down of store operations in Germany. Additional information can be found in the Company’s Form 10-K.

GameStop may use non-GAAP measures, such as adjusted EBITDA and adjusted net income, to provide useful information to investors. Adjusted EBITDA for the fourth quarter was $96.5 million, with adjusted net income of $136.4 million. The company believes these non-GAAP financial measures help evaluate core operating performance and should be viewed as supplementing, not replacing, GAAP financial results.

Adjusted EBITDA excludes certain costs like transformation costs and asset impairments. Non-GAAP financial measures should not be considered alternatives to GAAP measures and may have limitations in assessing financial performance. GameStop compensates for these limitations by reviewing comparable GAAP measures and incorporating them into decision-making processes. Contact GameStop Corp. Investor Relations at (817) 424-2001 or [email protected] for more information.



Read more at GlobeNewswire:: GameStop Reports Fourth Quarter and Fiscal Year 2024