GameStop Stock Slides as Sales Decline

2025-06-10 21:25:10

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GameStop’s stock was down 4% for 2025 through Tuesday’s close. GameStop (GME) shares fell in extended trading Tuesday as the retailer’s quarterly revenue declined.

The video game retailer’s revenue dropped 17% year-over-year to $732.4 million. The company swung to an adjusted profit of $83.1 million, or 17 cents per share, from a loss of $36.7 million, or 12 cents per share, a year ago. However, adjusted earnings were down from the $136.4 million, or 30 cents per share, GameStop reported a quarter earlier.

GameStop shares slid about 5% in after-hours trading. The stock was down 4% for 2025 through Tuesday’s close.

GameStop also said it has not bought any additional bitcoin (BTCUSD) since last month it disclosed the purchase of 4,710 bitcoin. The company did not reveal the purchase price at the time, but that amount of the cryptocurrency would be worth nearly $516 million at its recent price near $109,500. In March, GameStop said it was planning to issue $1.3 billion in convertible bonds for “general corporate purposes,” including buying bitcoin.

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