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Total revenue declined because they closed stores. But income went up because those stores were losing money. They also made a lot off of interest on their cas
by 59percentmore 6mo ago
Total revenue declined because they closed stores. But income went up because those stores were losing money.
They also made a lot off of interest on their cash, but that is going to get cut by about 30% if this goes through, as the combined cash position Gamestop has access to declines from 9 billion to 6 billion. Or so I've heard.
- turtlesdown11 6mo agoTotal revenue has declined for several years, -27% in 2024, -11% in 2023 (2023 rev was $5.9b, to $3.6b in 2025, this is a shrinking business).
- arcticbull 6mo agoThey haven't had a genuinely good year in the last 15 years. Their TTM revenue is down 66% from what it was in 2012. In nominal dollars. In real dollars it's down 75%. https://www.macrotrends.net/stocks/charts/GME/gamestop/revenue https://www.macrotrends.net/stocks/charts/GME/gamestop/reven...
- 59percentmore 6mo agoAnd yet... https://tradingeconomics.com/gme:us:eps https://tradingeconomics.com/gme:us:eps (Macrotrends has it, too.) What's more important, revenue or profit?
- arcticbull 6mo agoLook at the 10Y. Still crap. No matter how you look at it this company is a dog.
- 59percentmore 6mo agoI am? Last reported quarter was their 10Y high. The Q4 before that is in the top 5. And it's been positive for almost 2 years, whereas before, it had been negative for several. >No matter how you look at it this company is a dog. Yeah, Krypto. It's flying.
- arcticbull 6mo agoApparently we have different definitions of flying. They sold a bunch of stock, bought treasuries and shut down some money sink stores. Amazing stuff. Apparently if I just buy treasuries and stop wasting money on garbage my stock should sore too. This is such a weird religion.
- snapcaster 6mo agoWhat's your financial position with regards to gamestop?