GameStop Q3 earnings miss estimates, pressured by soft sales and lower BTC gains

GameStop reported third-quarter 2025 earnings that missed analyst estimates, leading to a stock decline of over 4%. The company's Q3 revenue was $821 million, falling short of the expected $987.29 million, pressured by soft core sales and lower gains from its Bitcoin holdings. GameStop holds 4,710 Bitcoin, reporting $9 million in unrealized losses for the quarter, though its BTC position remains up $19.4 million year-to-date. The company's strategic pivot to a Bitcoin treasury strategy, which involved raising $1.5 billion and purchasing BTC in May, has not provided sustained relief, as its stock has generally declined since the March announcement. CEO Ryan Cohen previously suggested crypto could be used for payments and that the company is focusing more on collectibles to reduce reliance on physical game sales.

(Source：Cointelegraph)