NYSE$GME

GameStop Corp. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

GME Q1 2024 — $355.3M revenue

Due to the seasonal nature of our business, our results of operations for the three months ended May 4, 2024 are not indicative of our future results for the 52 weeks ending February 1, 2025 ("fiscal . GameStop Corp. reported Q1 2024 results. Net income of $32.3. Headline numbers extracted from the Form 10-Q/A press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $355.3M.
  • Net income: $32.3.
  • Operating income: $50.6.
  • Gross profit: $244.5.

Headline financials

Total Revenue

$882M

Previous: $1.24B-28.7%
EPS (adj)

-$0.12

Previous: -$0.14+14.3%
Capital Expenditures

-$4.9M

Previous: -$9.1M+46.2%
Free Cash Flow

-$37.2M

Previous: -$59.6M+37.6%
Net Income

-$32.3M

Previous: -$50.5M+36.0%
Operating Income

-$50.6M

Previous: -$58.4M+13.4%
Gross Profit

$245M

Previous: $287M-14.9%
Cash & Equivalents

$1B

Previous: $1.06B-5.4%
Total Assets

$2.59B

Previous: $3.07B-15.7%
Stock-Based Comp

$7.9M

Previous: $11.1M-28.8%

Revenue & EPS history

GameStop · Revenue · Quarterly

$882M

Q1 2024-28.7%vs Q1 2023
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

GameStop · $1.19B total across 3 segments · Q3 2023

  • Hardware & Accessories
    $627M-6.4%
  • Software
    $352M-19.0%
  • Collectibles
    $207M+7.9%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-2.7%

Avg return

Earnings day

-4.5%

Avg return

5 days after

-3.9%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+41.5%

Q4 2022

Best reaction

-46.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-2.2%
Q4 2025+1.8%+5.4%
Q3 2025+0.8%-4.4%-8.1%
Q2 2025-0.7%+8.2%-1.2%
Q1 2025+2.0%-0.7%+1.3%
Q4 2024+11.7%-12.1%+8.1%
Q3 2024+3.7%+0.2%+18.0%
Q2 2024-14.9%-14.8%-13.8%
Q1 2024-46.7%-45.3%-48.1%
Q4 2023-12.9%-17.2%-25.9%
Q3 2023+9.7%+1.1%+7.0%
Q2 2023-1.8%-11.5%-21.6%
Q1 2023-13.2%-1.6%-8.0%
Q4 2022+41.5%+42.1%+19.9%
Q3 2022+6.0%-3.1%-29.6%
Q2 2022+2.7%+16.3%+0.8%
Q1 2022+7.4%+2.7%-1.1%
Q4 2021+4.5%+41.8%+73.6%
Q3 2021-12.4%-23.0%-20.9%
Q2 2021+0.1%+2.2%-13.2%
Q1 2021-26.5%-23.5%-36.3%
Q4 2020-38.1%-6.9%-22.3%
Q3 2020-16.4%-18.6%+10.6%
Q2 2020-19.2%-10.3%+56.1%
Q1 2020+1.6%-5.8%-16.0%
Q4 2019+1.9%-16.1%+14.4%
Q3 2019-12.7%-13.9%-12.3%
Q2 2019-3.4%-7.4%+6.1%
Q1 2019-32.6%-32.8%-28.9%
Q4 2018-6.9%-4.9%-15.4%
Q3 2018-8.8%-10.1%-18.2%
Q2 2018-1.0%-0.6%-9.7%
Q1 2018+2.1%+8.8%+8.6%
Q4 2017-8.9%-7.6%-0.1%
Q3 2017+5.6%+6.0%+12.2%
Q2 2017-9.7%-12.7%-6.8%
Q1 2017-2.1%-0.6%-9.1%
Q4 2016-14.0%-9.8%-3.7%
Q3 2016+11.1%+10.1%+6.8%
Q2 2016-9.3%-10.2%-11.1%
Q1 2016-3.1%-2.1%-14.8%
Q4 2015-0.9%
Q3 2015-3.5%
Q2 2015-6.3%
Q1 2015+9.9%
Q4 2014-3.6%
Q3 2014-13.1%
Q2 2014+3.9%
Q1 2014+4.0%
Q4 2013+4.3%
Q3 2013-4.9%
Q2 2013+8.4%
Q1 2013-11.4%
Q4 2012+12.6%
Q3 2012+8.9%
Q2 2012+8.9%
Q1 2012-8.4%
Q4 2011+0.9%
Q3 2011+0.9%
Q2 2011-1.9%
Q4 2009+1.1%
Q1 2010+1.1%
Q1 2011+3.5%
Q4 2008+0.7%
Q4 2010+0.7%
Q3 2010-0.9%
Q3 2009-0.9%
Q2 2009+0.5%
Q2 2010+0.5%

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