$GME - GAMESTOP SHARES JUMP ON-To The Moon - Tiger Brokers Online Investing Community

Pinkspider

03-26

$GME - GAMESTOP SHARES JUMP ON BTC ADDITION, RESULTS

🔸 GameStop shares rose 14% premarket Wednesday.

🔸 Company will add Bitcoin to treasury reserves, approved by board.

🔸 No limit set for Bitcoin purchases using cash, debt, or equity.

🔸 Q4 net income doubled to $131.3 million from $63.1 million.

🔸 Revenue fell to $1.28 billion from $1.79 billion.

🔸 SG&A expenses dropped to $282.5 million from $359.2 million.

🔸 Closed 590 U.S. stores in 2024; more closures planned for 2025.

🔸 Exited Italy, closed stores in Germany.

🔸 Ended quarter with $4.78 billion in cash and securities.

🔸 Full-year sales declined to $3.82 billion from $5.27 billion.

🔸 Annual net income jumped to $131.3 million from $6.7 million in 2023.

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