NYSE$GME

GameStop Corp. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

GameStop reported Q2 fiscal 2025 net sales of $972.2M with net income of $168.6M.

Net sales were $972.2 million for the quarter ended August 2, 2025, with net income of $168.6 million as collectibles and hardware mix shifted. The company continues to hold a large cash and marketable securities balance while investing selectively in operations.

  • Q2 net sales $972.2M; net income $168.6M.
  • Collectibles and gaming hardware remain key revenue drivers.
  • Liquidity and bitcoin treasury strategy remain investor focus areas.
  • Store footprint and e-commerce execution influence quarterly trends.

Headline financials

Total Revenue

$972M

Previous: $798M+21.8%
EPS (adj)

$0.25

Previous: $0.04+525.0%
Adjusted net income

$138M

Previous: $5.2M+2559.6%
Adjusted EBITDA

$75.7M

Previous: -$18M+520.6%
Net Margin

17.3%

Previous: 1.9%+810.5%
Gross Margin

29.1%

Previous: 31.2%-6.7%
Operating Margin

6.8%

Previous: -2.8%+342.9%
Bitcoin Holdings

$529M

No prior period
SG&A expenses

$219M

Previous: $271M-19.2%
Adjusted operating income

$64.7M

Previous: -$31.6M+304.7%
Capital Expenditures

-$7M

Previous: -$8M+12.5%
Free Cash Flow

$162M

Previous: $6.8M+2276.5%
Net Income

$169M

Previous: $14.8M+1039.2%
Operating Income

$66.4M

Previous: -$22M+401.8%
Gross Profit

$283M

Previous: $249M+13.8%
Cash & Equivalents

$8.69B

Previous: $4.19B+107.4%
Total Assets

$10.3B

Previous: $5.54B+86.8%

Revenue & EPS history

GameStop · Revenue · Quarterly

$972M

Q2 2025+21.8%vs Q2 2024
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%

Forward guidance

The release discusses GameStop's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • GameStop cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

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 Q2 2025

Historical avgQ2 2025

-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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