GameStop press release (GME): Q3 Non-GAAP EPS of $0.24 beats by $0.04.
Revenue of $821M (-4.5% Y/Y) misses by $166.28M.
Selling, general and administrative (“SG&A”) expenses were $221.4 million for the period, compared to $282.0 million in the prior year’s third quarter.
Operating income was $41.3 million for the period, compared to an operating loss of $33.4 million in the prior year’s third quarter.
Excluding impairment and other items, adjusted operating income was $52.1 million for the period, compared to an adjusted operating loss of $24.6 million in the prior year’s third quarter.
Excluding impairment, unrealized loss on digital assets, non-cash interest expense related to the issuance of warrants to convertible noteholders, and other items, adjusted net income was $139.3 million for the period compared to an adjusted net income of $26.2 million for the prior year’s third quarter.
Cash, cash equivalents and marketable securities were $8.8 billion at the close of the third quarter, compared to $4.6 billion at the close of the prior year’s third quarter.
Bitcoin holdings were valued at $519.4 million at the close of the third quarter.
