GameStop press release (NYSE:GME): Q2 Non-GAAP EPS of $0.25 beats by $0.10.
Revenue of $972.2M (+21.8% Y/Y) beats by $148.95M.
Selling, general and administrative (“SG&A”) expenses were $218.8 million for the period, compared to $270.8 million in the prior year’s second quarter.
Operating income was $66.4 million for the period, compared to an operating loss of $22.0 million in the prior year’s second quarter. Excluding impairment and other items, adjusted operating income was $64.7 million for the period compared to an adjusted operating loss of $31.6 million in the prior year’s second quarter.
Net income was $168.6 million for the period, compared to a net income of $14.8 million for the prior year’s second quarter. Excluding impairment, unrealized gain on digital assets, and other items, adjusted net income was $138.3 million for the period compared to an adjusted net income of $5.2 million for the prior year’s second quarter.
Cash, cash equivalents and marketable securities were $8.7 billion at the close of the second quarter, compared to $4.2 billion at the close of the prior year’s second quarter.
Bitcoin holdings were valued at $528.6 million at the close of the second quarter.
