GameStop CEO Matt Furlong said the company's aim is to create a path toward full-year profitability in the future. For the full year, GameStop had $1.39 billion in cash and cash equivalents on ...

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.

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 Corp. (NYSE:GME ... The company reported a loss of 12 cents per share in the first quarter and a profit of 1 ... Wedbush analyst Michael Pachter said GameStop provided no strategy for its ...

GameStop reported a gross profit of $1.37 billion, SG&A expenses of $1.68 billion and a net loss of $313 million. ... Part of GameStop’s turnaround strategy includes reducing its headcount.

GameStop is set to announce its earnings during the last week of March. It's possible that the retailer could report an annual profit for the first time since 2018.

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.

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's fourth-quarter net income more than doubled to $131.3 million, compared to the same period last year, when it posted $63.1 million.

GameStop’s third-quarter net sales fell 20% to $860 million, down from $1.08 billion last year, the company said Tuesday. The retailer swung from a year-ago net loss of $3.1 million to net ...

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.