GME: GameStop Stock Sheds 6% After Revenue Dives 17%. No New Bitcoin Purchases, Too.
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關鍵點：
- GameStop shares slide
- Traders not too excited
- Revenue, profits shrink
Quarterly figures showed GameStop’s biz dwindled to $732.4 million for the quarter while adjusted profit landed at $83.1 million. Also, the video-game retailer didn’t buy any more Bitcoin — for now.
👀 GameStop Misses the Mark
- GameStop stock
GME skittered down as much as 6% in after-hours trading ahead of Wednesday’s opening bell following the company’s earnings results. - The video-game retailer’s quarterly revenue fell to $732.4 million, marking a steep 17% year-over-year decline as the company continues to grapple with a shrinking brick-and-mortar business in a digital-first gaming world. Analysts had penciled in $750 million in sales.
- While GameStop flipped into the black with $83.1 million in adjusted profit, it was still a comedown from $136.4 million last quarter. Profit per share landed at $0.17, down from $0.30 previously.
🌱 Bitcoin Bets on Pause — For Now
- Despite some early hype, GameStop didn’t add to its Bitcoin holdings this past quarter. The company reiterated that it still holds 4,710 BTC (much to Saylor’s disappointment, probably), worth just over $516 million at recent prices.
- The retailer had previously announced plans to raise $1.3 billion through convertible bonds, with part of that earmarked for buying more OG crypto coins. That hasn’t happened yet.
- Traders looking for a crypto-fueled spark were left empty-handed, as GameStop offered no updates or forward guidance on when—or if—further purchases might resume.
🔍 The Meme Shine’s Wearing Thin
- GameStop is still riding on meme stock nostalgia, but Tuesday’s report was a reminder of fundamentals, and they’re not pretty. Sales are falling, margins are narrowing, and digital transformation still looks unfinished.
- The Nintendo Switch 2’s strong launch was expected to give GameStop a boost, but no meaningful impact showed up in this quarter’s numbers, raising questions about execution. Outside GameStop, the gaming console was a huge success selling 3.5 million units worldwide in the first four days.
- With no clear guidance and underwhelming commentary from management, investors are left guessing about GameStop’s long-term plan — aside from holding Bitcoin and riding meme waves.