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BitcoinSistemi 2025-06-10 20:08:07

BREAKING: GameStop Announces Another Bitcoin Purchase – Here’s the Earnings Report

BREAKING: GameStop Announces Another Bitcoin Purchase – Here’s the Earnings Report

Game sales company GameStop ($GME) announced its first quarter financial results for 2025. While the company's net sales decreased by 17 percent compared to the same period last year, to $732.4 million, there was a significant improvement in operational losses. GameStop's selling, general and administrative expenses (SG&A) were $228.1 million in the quarter, down from $295.1 million in the same period last year. Operating loss decreased to $10.8 million, a significant improvement from last year’s operating loss of $50.6 million. Operating loss in the quarter included a $35.5 million impairment charge recorded as part of the company’s international restructuring process. Related News: Secret Bitcoin Activities of a Company Supported by Donald Trump in the US Have Been Revealed - Here Are the Details Excluding such one-time items, adjusted operating income was $27.5 million, compared to an adjusted operating loss of $55 million in the same period last year. There was also a significant transformation on the net income side. The company reported a net profit of $44.8 million this quarter, compared to a net loss of $32.3 million in the first quarter of last year. After adjustments, net income reached $83.1 million, a stark contrast to the adjusted net loss of $36.7 million in the previous year. GameStop’s balance sheet strength also improved significantly, with the company’s cash, cash equivalents and marketable securities totaling $6.4 billion at the end of the quarter, up from $1 billion in the same period last year. The company completed the sale of its Canadian operations on May 4, 2025. In addition, it purchased 4,710 Bitcoins between May 3 and June 10, 2025. *This is not investment advice. Continue Reading: BREAKING: GameStop Announces Another Bitcoin Purchase – Here’s the Earnings Report

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