GameStop Corp. (NYSE: GME), a leading provider of video games and consumer electronics, has reported a sharp increase in adjusted earnings for the third quarter of fiscal 2025, despite a decline in sales.
Third-quarter net sales declined to $821.0 million from $860.3 million in the prior year’s third quarterNet income was $77.1 million in the October quarter, compared $17.4 million in the year-ago quarterOn a per-share basis, Q3 earnings rose sharply to $0.13 from $0.04 in the same period of FY24Excluding special items, adjusted net income jumped to $139.3 million in Q3 from $26.2 million last yearAdjusted earnings per share were $0.24 per share in the third quarter, vs. $0.06 per share in Q3 2024Cash, cash equivalents, and marketable securities totalled $8.8 billion at the close of the third quarterTotal Bitcoin holdings were valued at $519.4 million at the close of the third quarter
The post Earnings Summary: GameStop Q3 FY25 earnings jump; sales drop 5% first appeared on AlphaStreet.
