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📰 $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.

March 26, 2025
Frank

$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.