GameStop Q2 Earnings: Double Beat, Special Dividend, $528 Million In Bitcoin Holdings

Video game retailer GameStop Corporation (NYSE:GME) reported second-quarter financial results Tuesday after market close.

Here are the key highlights.

What Happened: GameStop reported second-quarter net sales of $972.2 million, up from $798.3 million in the prior year’s second quarter. The sales beat a Street consensus estimate of $823.2 million according to data from Benzinga Pro.

Here’s a breakdown of GameStop’s sales by business segment, with the prior year in parentheses:

• Hardware and Accessories: $592.1 million ($451.2 million)
• Software: $152.5 million ($207.7 million)
• Collectibles: $227.6 million ($139.4 million)

Software was down year-over-year, while Hardware and Collectibles saw growth in the quarter.

The company reported net income of $168.6 million, up from $14.8 million in the prior year’s second quarter.

Earnings per share were 25 cents in the …

Full story available on Benzinga.com