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GameStop Corp (NYSE:GME) reported fourth-quarter results that beat earnings expectations but fell short on revenue. Shares were little changed at Wednesday’s open, trading at about $23.
For the quarter ended January 31, 2026, GameStop posted adjusted earnings per share (EPS) of $0.49, above the $0.37 consensus estimate.
Revenue totaled $1.104 billion, below the $1.467 billion expected and down from $1.283 billion a year earlier.
Net income was $127.9 million, compared with $131.3 million in the prior-year period. Adjusted net income increased to $291.4 million from $136.4 million.
Adjusted operating income rose to $147.7 million from $84.4 million, supported by lower selling, general and administrative expenses, which declined to $241.5 million.
GameStop reported a stronger balance sheet, with cash, cash equivalents and marketable securities increasing to $9 billion at quarter end from $4.8 billion a year earlier.
The company also disclosed Bitcoin and related receivables valued at $368.4 million.
Segment performance was mixed. Collectibles sales rose to $365 million, representing 33.1% of total revenue, compared with 21.1% a year earlier.
Hardware and accessories sales declined to $535.6 million from $725.8 million, while software sales fell to $203.7 million from $286.2 million.
For fiscal year 2025, net sales decreased 5% to $3.630 billion.
Net income increased to $418.4 million from $131.3 million. Adjusted net income rose to $647.4 million from $131.2 million. Operating income was $232.1 million, compared with a loss of $26.2 million in fiscal 2024.
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