$GME (+0.31%)

🔹 Revenue: $972.2M (Est. $823.25M) 🟢; UP +22% YoY

🔹 EPS (Adj.): $0.25 (Est. $0.16) 🟢

🔹 Bitcoin Holdings: $528.6M at quarter-end

🔹 Net Income: $168.6M

🔹 Operating Income: $66.4M

🔹 Gross Profit: $283.1M

Corporate Actions:

🔹 Declared warrant dividend — 1 warrant per 10 shares (record date: Oct 3, 2025; distribution: Oct 7, 2025)

🔹 Warrants exercisable at $32/share, expiring Oct 30, 2026

🔹 Expected ~59M warrants issued; listed under ticker GME WS

🔹 Holders of 2030 & 2032 Convertible Notes will also receive warrants

🔹 If fully exercised, warrants could generate ~$1.9B in gross proceeds

Use of Proceeds:

🔹 General corporate purposes, investments, and potential acquisitions

$GME (+0.31%)

- Revenue: $732.4M, -16.9% YoY

- Net Income: $44.8M vs -$32.3M in Q1 2024

- Cash & Equivalents: $6.4B, +540% YoY

🌱Revenue & Growth

- US: $537.5M, -12.9% YoY

- Canada: $38.2M, -10.3% YoY

- Australia: $81.9M, +2.9% YoY

- Europe: $74.8M, -47.4% YoY

- Hardware & Accessories: $345.3M, -31.7% YoY

- Software: $175.6M, -26.7% YoY

- Collectibles: $211.5M, +54.6% YoY

💰Profits & Health

- Gross Margin: 34.5% vs 27.7% in Q1 2024

- Operating Margin: -1.5% vs -5.7% in Q1 2024

- Adjusted Net Income: $83.1M vs -$36.7M in Q1 2024

- Free Cash Flow: $189.6M vs -$114.7M in Q1 2024

- Adjusted EBITDA: $33.7M vs -$37.0M in Q1 2024

📌Business Highlights

- Divested Canada operations on May 04, 2025

- Purchased 4,710 Bitcoin post-quarter

- Reduced SG&A expenses to $228.1M, -22.7% YoY

- Incurred $35.5M impairment charges for international restructuring

- Capital expenditures: $2.9M, -40.8% YoY

🔮Future Outlook

- Focus on cost reduction and transformation initiatives

- Potential volatility from Bitcoin holdings