$GME reported promising earnings results today and announced that bitcoin will be added as a Treasury Reserve Asset:
❌Revenue: $1.28B vs. $1.48 expected
✅EPS: $0.30 vs. $0.08 expected
✅Has continued shifting towards digital gaming, collectibles, and an expanded e-commerce presence.
✅Despite past struggles, GameStop remains a well-known gaming brand with a dedicated following.
❌The gaming industry continues shifting toward digital downloads and cloud gaming, reducing the demand for physical games and consoles sold in stores.
❌While GameStop has reduced debt and streamlined operations, it still faces profitability challenges
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