GameStop Stock Is Surging Wednesday: What’s Going On?
Posted On March 26, 2025
GameStop Corp (NYSE:GME) shares are trading higher Wednesday after the company reported fourth-quarter earnings and announced the approval of Bitcoin (CRYPTO: BTC) as a treasury reserve asset. Here’s a look at what you need to know.
- Q4 Revenue: $1.283 billion, versus estimates of $1.48 billion
- Q4 Adjusted EPS: 30 cents, versus estimates of 8 cents
Total revenue was down approximately 28% year-over-year. Hardware and accessories revenue totaled $725.8 million in the quarter, Software revenue was $286.2 million and Collectibles revenue came in at $270.6 million.
GameStop reported net income of $131.3 million in the fourth quarter, up from $63.1 million in the prior year’s quarter. The video game retailer ended the quarter …
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