Gamestop Q3 Earnings Miss Estimates, Pressured By Soft Sales And...

Falling sales and diminished Bitcoin gains pressured earnings, with the stock continuing to retrace its brief rally in March.

GameStop missed analyst estimates in the third quarter of 2025, dragging shares down over 4% on Wednesday, as declining core sales and reduced Bitcoin gains weighed on the quarter.

The company’s Q3 revenue of $821 million fell short of analyst expectations of $987.29 million, according to Seeking Alpha.

GameStop’s Q3 report also shows that it holds 4,710 Bitcoin (BTC), with unrealized losses during the quarter totaling $9 million, though its BTC position remains up $19.4 million for the year.

The company also missed analyst expectations in Q1, posting revenue of about $732 million, falling short of estimates of $754 million.

GameStop continues to struggle despite adopting a BTC treasury strategy in March. The move briefly lifted the stock by about 12% to $35 per share, but those gains quickly reversed.

Related: Bitcoin treasury firms enter a ‘Darwinian phase’ as premiums collapse: Galaxy

GameStop’s business model relies on physical video games and the reselling of used games, which have been impacted by the decline of physical media.

The company raised $1.5 billion in April to finance Bitcoin purchases and bought 4,710 BTC in May as part of its strategic pivot to a digital asset treasury company.

However, GameStop shares slid by 11% the day after the company announced the treasury pivot, as investors voiced concerns over the digital asset strategy.

Source: CoinTelegraph