GameStop reported Q1 adjusted EPS of $0.30 versus $0.16 expected and revenue of $835.3 m, topping estimates of $766.6 m. The quarter delivered record net income of $389.6 m and operating income of $143.3 m, and the board approved a $2 billion share buyback through 2029.
GameStop delivered adjusted earnings per share of $0.30 in Q1, surpassing the $0.16 consensus, while revenue climbed to $835.3 million from $732.4 million a year earlier, exceeding the $766.6 million forecast.
The company recorded net income of $389.6 million and operating income of $143.3 million, both quarterly records, as selling, general and administrative expenses fell to $201.6 million from $228.1 million in the prior year.
GameStop closed the quarter with $9.7 billion in total cash, cash equivalents, marketable securities, digital assets and related receivables, underscoring a robust balance sheet ahead of buyback execution.
The board approved a new $2 billion share repurchase program to run through June 2029, replacing the previous authorization and reflecting confidence in long-term cash generation and capital allocation.
Barrons
