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GameStop: Q1 net income of $44.80 million and purchase of 4,710 bitcoins in cash

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2025-06-11 02:50:36
NYSE-listed GameStop released its 2025 Quarter 1 results report, which disclosed:
Net sales for the quarter were $732.40 million, operating loss was $10.80 million, and net income was $44.80 million;
Cash, cash equivalents and marketable securities at the end of Quarter 1 were $6.40 billion compared to $1 billion at the end of Quarter 1 last year.
The Canadian divestiture was completed on May 4 and 4,710 bitcoins were purchased in cash between May 3 and June 10. 
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