Morningstar

GameStop Sales Fall as Collectibles Remain Only Bright Spot

Provided by Dow Jones

By Katherine Hamilton 




  GameStop recorded lower revenue in its fiscal third quarter, as hardware, accessories and software sales declined, while sales of collectibles surged. 



  The video-game retailer on Tuesday posted a profit of $77.1 million, or 13 cents a share, in the quarter ended in early November, compared with $17.4 million, or 4 cents a share, a year earlier. 



  Stripping out certain one-time items, adjusted per-share earnings were 24 cents. 



  Revenue fell 4.6% to $821 million. 



  Sales in the company's hardware and accessories business fell 12% to $367.4 million, while its software sales dropped 27% to $197.5 million. 



  Collectibles was the bright spot, increasing 50% to $256.1 million. That business now makes up just under a third of all revenue, up from 20% the prior year. 



  GameStop, which is known as the original meme stock, bought 4,710 bitcoin in May and June. Its holdings were valued at $519.4 million at the close of the third quarter, compared with $528.6 million at the end of the second quarter. 





  Write to Katherine Hamilton at katherine.hamilton@wsj.com 





  (END) Dow Jones Newswires



  December 09, 2025 16:40 ET (21:40 GMT)


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