GameStop to Reveal Earnings Amid Bitcoin Investment and Market Hype

FRISCO, Texas — GameStop Corp. is set to announce its first-quarter 2025 earnings results on Monday, June 10, after the market closes. Analysts anticipate the video game retailer will report earnings of $0.08 per share on revenues of approximately $750 million.

The earnings release comes after a significant three-month surge in GameStop’s stock, which has climbed 32% recently due to renewed interest in meme stocks and the company’s recent venture into cryptocurrency. In late May, GameStop made headlines by investing $513 million in Bitcoin, marking its first foray into digital assets.

Last year’s performance paints a mixed picture for GameStop. In the fourth quarter of 2024, the company reported earnings of $0.30 per share, exceeding analysts’ expectations. However, revenue fell by 28.5% year-over-year to $1.28 billion, missing the anticipated $1.48 billion.

Despite its struggles, GameStop has made bold moves to transition from traditional gaming retail to digital innovations. The upcoming earnings call is expected to shed light on its evolving digital strategy and retail performance trends. CEO Ryan Cohen has shown confidence in the stock by purchasing 500,000 shares over the past six months for roughly $10.8 million.

Market analysts are observing the trends eagerly. While some analysts have maintained a cautious approach, others like Wedbush’s Michael Pachter have assigned a Sell rating to the stock. Pachter also set a price target of $13.50 per share, indicating potential downside as the company grapples with declining revenue in its hardware and accessories segment, partly due to the rise in digital game downloads.

GameStop’s financial results will be a key development for investors looking to gauge the company’s future, especially in light of its new cryptocurrency investment and the broader trends in the gaming industry.