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Earnings transcript
Read the complete earnings call transcript.
GME
GameStop Corp.
$22.64
-0.13
(-0.57%)
| Exchange: | NYSE |
| Market Cap: | 10.158B |
| Shares Outstanding: | 288.072M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Specialty RetailView industry performance | |||||
| CEO: | Ryan Cohen | |||||
| Full Time Employees: | 4000 | |||||
| Address: |
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| Website: | https://www.gamestop.com |
GameStop Corp. operates as a prominent specialty retailer, providing a diverse array of gaming and entertainment products to customers across the United States, Canada, Australia, and Europe, both through its online platforms and physical store locations. The company’s merchandise includes new and pre-owned video game consoles, a wide selection of accessories such as controllers, gaming headsets, virtual reality equipment, and memory cards, as well as new and used gaming software. GameStop also offers digital gaming content, encompassing in-game currency, downloadable content (DLC), and full digital game downloads. Beyond its core gaming offerings, GameStop diversifies its inventory with licensed pop culture merchandise. These collectibles are primarily sourced from popular gaming franchises, television shows, movies, and broader pop culture themes. As of January 29, 2022, GameStop’s retail network comprised 4,573 stores and e-commerce sites operating under its main brands: GameStop, EB Games, and Micromania. Additionally, the company managed 50 specialized Zing Pop Culture outlets, which retail various collectibles, apparel, gadgets, electronics, and toys. GameStop also publishes Game Informer, a well-regarded print and digital video game publication known for its reviews of new releases, previews of upcoming titles, and coverage of the latest industry developments. Established in 1996 and formerly known as GSC Holdings Corp., GameStop Corp. maintains its corporate headquarters in Grapevine, Texas.
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Revenue Segmentation
GME full analysis
Hey everyone, welcome back to MarketSnap. If you're looking at GameStop at today's price and thinking you've seen this movie before, stop for a second — because the company underneath the ticker is not the same one you remember. We're running GME through the full MarketSnap checklist today: the numbers, the business, the balance sheet, and the valuation model we'd use before risking real capital. Does the math justify the price, or is the market already ahead of itself? Let's…
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,272,800 | 3,823,000 | 3,629,900 |
| Gross Profit | 1,294,200 | 1,113,900 | 1,176,700 |
| EBITDA | 26,500 | 22,400 | 403,500 |
| Operating Income | -34,500 | -26,200 | 285,900 |
| Net Income | 6,700 | 131,300 | 418,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,709,000 | 5,875,400 | 10,388,400 |
| Total Liabilities | 1,370,400 | 945,600 | 4,944,000 |
| Total Stockholders Equity | 1,338,600 | 4,929,800 | 5,444,400 |
| Total Debt | 602,800 | 410,700 | 4,361,900 |
| Cash and Cash Equivalents | 921,700 | 4,756,900 | 6,304,700 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -203,700 | 145,700 | 0 |
| Capital Expenditure | -34,900 | -16,100 | 0 |
| Free Cash Flow | -238,600 | 129,600 | 0 |
| Net Income | 6,700 | 131,300 | 383,700 |
| Net Change in Cash | -257,100 | 3,850,900 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,500,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,500,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 2,500,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | -56,177.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | -56,177.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | -56,177.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 114,463 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 114,463 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 114,463 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 706,147.936 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 706,147.936 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 706,147.936 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0.290 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Return to Profitability: Q4 and Full Year 2022 results show a net income of $48.2 million, signaling a critical turnaround from prior losses. This is a key indicator of successful cost-cutting measures and operational restructuring.
- Liquidity Position: The company maintains a strong current ratio (TTM), suggesting it has sufficient short-term assets to cover its short-term liabilities. This provides a buffer against market volatility and supports ongoing transformation efforts.
- Brand Recognition and Retail Network: GameStop retains significant brand equity and a physical retail footprint, which, if optimized, can serve as a strategic asset for distribution and customer experience.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates GME intrinsic value between $4.83 – $281.20 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about GME valuation
Is GameStop Corp. (GME) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for GameStop Corp. (GME) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GME a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GME trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GME’s P/E ratio?
You can see GME’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GME?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GME a good long-term investment?
Whether GME fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GME
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.57
Trading Metrics:
| Open: | 22.9 | Previous Close: | 22.77 | |
| Day Low: | 22.34 | Day High: | 22.95 | |
| Year Low: | 17.79 | Year High: | 28.1 | |
| Price Avg 50: | 20.07 | Price Avg 200: | 22.19 | |
| Volume: | 9.573M | Average Volume: | 6.266M |
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