By Liz Moyer
GameStop shares were rising ahead of earnings from the videogame retailer and OG meme stock.
Wall Street expects GameStop to report third-quarter earnings of 20 cents a share and revenue of $987 million, which would be up nearly 15% from a year ago. The report is due out after the closing bell.
In the year-earlier quarter, GameStop reported earnings of 6 cents a share.
The stock was up 0.3% in early afternoon trading on Tuesday, while the S&P 500 had gained 0.2%. GameStop shares have been climbing recently, rising more than 2.5% so far this month, though they are down 26% this year.
GameStop reported a 22% revenue gain in the second quarter versus a year earlier, bouncing off a 17% drop in revenue in the April quarter.
Wall Street is expecting a continued rebound, forecasting operating income for the third quarter of $70 million, a swing from a deficit of $29 million a year ago.
GameStop has also been investing in crypto, buying Bitcoin earlier this year. Its Bitcoin holdings had a value of $528.6 million at the end of the second quarter.
Write to Liz Moyer at liz.moyer@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 09, 2025 13:15 ET (18:15 GMT)
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