GameStop Earnings Report: Q1 Company Net Income of $44.8 Million and Cash Purchase of 4,710 Bitcoins

GameStop, a company listed on the New York Stock Exchange, released its earnings report for the first quarter of 2025, which disclosed:

1. The net sales for this quarter were $732.4 million, with an operating loss of $10.8 million and a net income of $44.8 million.
2. At the end of the first quarter, cash, cash equivalents, and marketable securities amounted to $6.4 billion, compared to $1 billion at the end of the first quarter of last year.
3. The divestment of Canadian assets was completed on May 4, and 4,710 bitcoins were purchased in cash from May 3 to June 10.