GameStop Sales Fall as Collectibles Remain Only Bright Spot

Dow Jones12-10

By Katherine Hamilton

GameStop recorded lower revenue in its fiscal third quarter, as hardware, accessories and software sales declined, while sales of collectibles surged.

The video-game retailer on Tuesday posted a profit of $77.1 million, or 13 cents a share, in the quarter ended in early November, compared with $17.4 million, or 4 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 24 cents.

Revenue fell 4.6% to $821 million.

Sales in the company's hardware and accessories business fell 12% to $367.4 million, while its software sales dropped 27% to $197.5 million.

Collectibles was the bright spot, increasing 50% to $256.1 million. That business now makes up just under a third of all revenue, up from 20% the prior year.

GameStop, which is known as the original meme stock, bought 4,710 bitcoin in May and June. Its holdings were valued at $519.4 million at the close of the third quarter, compared with $528.6 million at the end of the second quarter.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 09, 2025 16:25 ET (21:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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