GameStop Q3 2024 Earnings Report

GameStop EPS Results

• Actual EPS: $0.06
• Consensus EPS: -$0.03
• Beat/Miss: Beat by +$0.09
• One Year Ago EPS: N/A

GameStop Revenue Results

• Actual Revenue: $860.30 million
• Expected Revenue: $887.68 million
• Beat/Miss: Missed by -$27.38 million
• YoY Revenue Growth: -20.20%

GameStop Announcement Details

• Quarter: Q3 2024
• Date: 12/10/2024
• Time: After Market Closes
• Conference Call Date: Tuesday, December 10, 2024
• Conference Call Time: 4:00PM ET

GameStop (NYSE:GME) (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc. Since then, GameStop has expanded its operations through acquisitions and strategic partnerships to serve gaming enthusiasts around the world. Headquartered in Grapevine, Texas, the retailer maintains a presence in North America, Europe and the Asia-Pacific region, with a particularly strong footprint in the United States, Canada, Australia and key European markets.

In recent years, GameStop has intensified its focus on digital transformation and diversification. Alongside its core retail offerings, the company has invested in e-sports sponsorships, point-of-sale technology enhancements and the development of an omnichannel shopping experience that integrates store, online and mobile platforms. This strategic shift aims to capture growth opportunities in downloadable content, cloud gaming and virtual communities.

GameStop’s leadership team is led by Chief Executive Officer Matt Furlong, who was appointed in mid-2021, and is supported by a board of directors that includes Chairman Ryan Cohen. Under their guidance, the company continues to pursue initiatives designed to strengthen its balance sheet, modernize operations and broaden its appeal to a new generation of gamers and collectors.