GameStop Financial Report: Q1 Net Income of $44.8 Million and Cash Purchase of 4,710 Bitcoins
According to a report by Jinse Finance, NYSE-listed company GameStop released its Q1 2025 earnings report, which disclosed: 1. Net sales for the quarter were $732.4 million, with an operating loss of $10.8 million and net income of $44.8 million; 2. Cash, cash equivalents, and marketable securities at the end of the first quarter were $6.4 billion, compared to $1 billion at the end of the first quarter last year; 3. The divestiture of Canadian assets was completed on May 4, and 4,710 bitcoins were purchased with cash between May 3 and June 10.
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