#GameStop Shares Drop Despite $BTC Strategy After Q1 Revenue Miss


GameStop shares fell 3.5% after-hours following Q1 revenues of $732.4 million, missing analyst estimates of $754.2 million.


The $BTC buying retailer saw a 17% revenue decline from $881.8 million in the prior year quarter.


Net income improved dramatically to $44.8 million profit versus $32.3 million loss in Q1 2024.


Operating losses narrowed to $10.8 million from $50.6 million year-over-year, showing operational improvements.


The company maintains $6.4 billion in cash and marketable securities, up from $1 billion last year.


GameStop purchased 4,710 $BTC worth approximately $513 million in May through $1.3 billion convertible notes offering.


Physical game sales continue declining as the industry shifts toward digital distribution channels.


GME stock remains down 3.8% year-to-date despite the company's pivot to $BTC treasury strategy.


The retailer hasn't specified total $BTC purchase targets but indicated willingness to sell if needed.

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June 11, 2025 at 2:04 PM
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