Core Insights - GameStop Corp. is facing significant challenges due to the industry's shift towards digital downloads, impacting its traditional retail model while still remaining a notable competitor in the market [1] Financial Performance - On March 24, 2026, GameStop reported an EPS of $0.23, which was below the expected $0.37, and revenue of approximately $1.1 billion, missing the anticipated $1.47 billion [2][6] - The company's fourth-quarter revenue declined by 14%, reflecting the transition to digital downloads and reduced consumer demand [3][6] - Despite declining sales, GameStop's operating income increased significantly to $135.2 million, up from $79.8 million in the previous year's fourth quarter, with net income reported at $127.9 million [4][6] Cost Management - GameStop successfully reduced its selling, general, and administrative expenses to $241.5 million, down from $282.5 million in the previous year's fourth quarter, which has helped improve its financial position [3] Market Valuation - GameStop's P/E ratio is approximately 24.40, with a price-to-sales ratio of about 2.82 and an enterprise value to sales ratio of around 2.28, indicating the market's valuation of its earnings and sales [5] - The current ratio of around 15.30 suggests strong liquidity, enabling GameStop to effectively cover short-term liabilities [5]

Core Insights - GameStop reported a 14% decline in fourth-quarter revenue, indicating ongoing challenges in its brick-and-mortar business due to the industry's shift towards digital gaming and reduced consumer demand [1][2]. Revenue Performance - Total revenue for the holiday quarter ending January 31 was $1.10 billion, down from $1.28 billion the previous year, reflecting a significant drop in sales [2]. - Hardware and accessories sales, which include new and pre-owned video games, fell to $535.6 million from $725.8 million year-over-year [5]. Cost Management and Strategic Shift - Under CEO Ryan Cohen, GameStop has focused on cost-cutting and streamlining operations, with selling, general, and administrative expenses decreasing to $241.5 million from $282.5 million in the same quarter last year [3]. - The company is shifting its strategy from reliance on hardware and software to a significant focus on trading cards and collectibles [3]. Operational Developments - GameStop has signed an agreement for a potential sale of its operations in France, indicating a strategic move to optimize its business footprint [4]. - A performance-based pay plan for CEO Ryan Cohen, valued at approximately $35 billion, has been proposed, which includes options to purchase over 171.5 million shares [4].

Core Insights - The videogame retailer experienced a decline in sales across hardware, accessories, and software categories, indicating a challenging market environment for these segments [1] - Conversely, revenue from collectibles showed growth, suggesting a potential area of opportunity for the company [1] Sales Performance - Sales of hardware declined, reflecting a downturn in consumer spending or market saturation [1] - Accessories sales also saw a decrease, which may impact overall profitability if trends continue [1] - Software sales experienced a decline, indicating potential challenges in game releases or competition [1] Collectibles Revenue - Revenue from collectibles grew, highlighting a shift in consumer interest towards collectible items [1] - This growth in collectibles could provide a strategic avenue for the company to explore further [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-32637 GameStop Corp. (Exact name of registrant as specified in its Charter) (State or other jurisdiction of incorporation or organization) 625 Westport Parkway Grapevine, Texas 76051 ( ...

Exhibit 99.1 GameStop Reports Fourth Quarter and Fiscal Year 2025 Results GRAPEVINE, Texas--(BUSINESS WIRE)--March 24, 2026--GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today released financial results for the fourth quarter and fiscal year ended January 31, 2026. The Company's consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-K and supplemental information can be found at https://investor.gamestop.com. FOURTH QUARTER OVERVIEW FULL YEAR OVE ...

Core Insights - GameStop Corp. reported significant improvements in financial performance for the fourth quarter and fiscal year 2025, with notable increases in operating income and adjusted net income compared to the previous year. Fourth Quarter Overview - Operating income for the fourth quarter was $135.2 million, up from $79.8 million in the same quarter last year [2] - Adjusted operating income, excluding impairment and other items, was $147.7 million, compared to $84.4 million in the prior year's fourth quarter [2] - Net income for the fourth quarter was $127.9 million, slightly down from $131.3 million in the previous year [2] - Adjusted net income, excluding impairment and losses on digital assets, was $291.4 million, compared to $136.4 million in the prior year's fourth quarter [2] Full Year Overview - For fiscal year 2025, operating income was $232.1 million, a turnaround from an operating loss of $26.2 million in fiscal year 2024 [3] - Adjusted operating income for the year was $289.5 million, compared to an adjusted operating loss of $26.8 million in fiscal year 2024 [3] - Net income for the fiscal year was $418.4 million, compared to $131.3 million in fiscal year 2024 [3] - Adjusted net income, excluding various impairments and losses, was $647.4 million, compared to $131.2 million in fiscal year 2024 [3] Non-GAAP Measures and Other Metrics - GameStop utilizes non-GAAP measures such as adjusted SG&A expenses, adjusted operating income, and adjusted net income to provide investors with insights into the company's core operating performance [4][6] - These non-GAAP measures exclude certain items like transformation costs and asset impairments, which are deemed useful for period-to-period comparisons [4][6] Sales Performance - For the fourth quarter, net sales were $1,104.3 million, down from $1,282.6 million in the same quarter last year [9][51] - For the fiscal year, net sales totaled $3,629.9 million, compared to $3,823.0 million in the previous year [18][53] - The sales mix for the fourth quarter included hardware and accessories at 48.5%, software at 18.4%, and collectibles at 33.1% [51] Cash Flow and Financial Position - Cash and cash equivalents at the end of the period were $6,328.1 million, up from $4,789.8 million a year earlier [38][50] - The company reported net cash flows provided by operating activities of $193.6 million for the fourth quarter and $614.8 million for the fiscal year [41][47]

Core Viewpoint - GameStop is set to release its Q4 earnings and full-year 2025 financials, with expectations of a 15% year-on-year revenue growth to $1.47 billion and earnings of $0.37 per share, up from $0.30 a year ago [1]. Financial Performance Expectations - Revenue is anticipated to grow by 15% year-on-year to $1.47 billion [1]. - Earnings per share are expected to increase to $0.37, compared to $0.30 per share from the previous year [1]. Market Sentiment and Options Trading - GME stock is currently down about 12% from its year-to-date high, but options traders are optimistic about a potential rise following the quarterly release [2]. - The put-to-call ratio is at 0.35x, indicating a bullish sentiment among options traders, with expectations of a "beat and raise" [5]. - The upper price on options contracts is set at approximately $24.46, suggesting a potential upside of over 6% in the near term [5]. Technical Analysis - GameStop is trading just below its 50-day moving average, with a decisive break above $23.53 post-earnings potentially accelerating upward momentum [6]. Fundamental Challenges - Despite the bullish sentiment, the fundamental outlook for GameStop remains weak, as the company faces a "digital cliff" with the gaming industry moving towards direct downloads [7]. - Hardware and accessories sales have dropped over 31% year-on-year, and while the collectibles segment is gaining traction, it is not enough to offset the decline in core business [8]. - GameStop is trading at a premium to its net cash, with a significant portion of its valuation attributed to the "Cohen Premium" [8]. Cash Management Concerns - The company has approximately $8.8 billion in cash and marketable securities, but lacks a clear plan to invest this into high-margin revenue streams, raising concerns about a potential slow decline [8]. Lack of Institutional Coverage - GameStop currently does not receive coverage from major Wall Street firms, indicating a lack of confidence in its recent strategic pivots, including its move towards Bitcoin [10].

Company Overview - GameStop Corp. is a retail company specializing in video games, consumer electronics, and gaming merchandise, known for its volatile stock price movements as a "meme stock" driven by retail investors [1] Upcoming Earnings - GameStop is scheduled to release its quarterly earnings on March 24, 2026, with analysts estimating an EPS of $0.37 and revenue of approximately $1.47 billion [2][6] - The earnings call will take place at 4:00 PM ET on the same day, attracting significant investor attention due to CEO Ryan Cohen's plans for expanding the company's investment platform [2] Market Sentiment - Current market sentiment is influenced by external factors such as the conflict in Iran, which is affecting oil prices and interest rates, yet GameStop is expected to experience notable stock price movements following the earnings release [3][6] - The stock opened at $23.27, reflecting a 1.1% decrease, with a 52-week range between $19.93 and $35.81 [3] Financial Metrics - GameStop's financial health is robust, indicated by a quick ratio of 9.77 and a current ratio of 10.39, showcasing strong liquidity [4][6] - The company has a debt-to-equity ratio of 0.78, suggesting moderate financial leverage [4] - GameStop's market capitalization stands at $10.43 billion, with a P/E ratio of 28.38, reflecting the market's valuation of its earnings [4] Analyst Ratings - Recent analyst ratings have shifted, with Weiss Ratings upgrading GameStop's shares from a "sell (d+)" to a "hold (c-)" rating [5] - The company's price-to-sales ratio is 2.69, and the enterprise value to sales ratio is 1.78, indicating its market value relative to revenue [5] - The earnings yield is 4.12%, providing insight into earnings generated per dollar invested [5]

Core Viewpoint - GameStop Corp (NYSE:GME) shares are experiencing an upward trend as broader market indices show strength, with a focus on the upcoming fourth-quarter earnings report, where analysts expect earnings per share (EPS) of 31 cents and revenue of $1.47 billion [1] Group 1: Earnings Expectations - GameStop is set to report its fourth-quarter earnings, with analysts estimating an EPS of 31 cents and revenue expectations at $1.47 billion [1] - In the previous third quarter, GameStop reported an EPS of 24 cents, surpassing the analyst estimate of 18 cents [2] Group 2: Short Interest Data - Recent data indicates a decrease in short interest for GameStop, falling from 66.88 million to 65.62 million shares, which represents 16.04% of the company's float [3] - It would take approximately 13.98 days for short sellers to cover their positions [3] Group 3: Technical Analysis - GameStop is currently trading 3.8% below its 20-day simple moving average (SMA) and 1.7% above its 100-day SMA, indicating short-term pressure while maintaining a longer-term base [4] - Over the past 12 months, GameStop shares have declined by 10.33%, positioning the stock closer to its 52-week low than its high [4] - The Relative Strength Index (RSI) is at 37.70, indicating neutral territory, while the MACD is at -0.1190, below its signal line at 0.0781 [4] Group 4: Stock Price Activity - As of the time of publication, GameStop shares were up 1.71% at $22.96 [5] - Key resistance level is identified at $24.00, while key support is at $22.00 [5]

Economic and Market Sentiment - The current economic sentiment is closely tied to the conflict with Iran and its implications for oil prices and interest rates [2][9] - The Strait of Hormuz, which handles about 20% of global oil shipments, is a focal point of concern [7] Oil Market Dynamics - WTI crude oil prices briefly exceeded $100 per barrel before settling around $98 per barrel [8] - Rising oil prices are contributing to inflationary pressures, leading to diminished expectations for Federal Reserve rate cuts this year [9] Company Earnings and Developments - GameStop is expected to be a key focus in the upcoming earnings reports, with CEO Ryan Cohen aiming to transform the company into a Berkshire Hathaway-style investment platform [10][11] - Analysts anticipate limited insights into GameStop's core fundamentals, but backing from notable investors like Michael Burry may sustain stock momentum [13] Legal Issues Impacting Companies - A California jury found Tesla CEO Elon Musk liable for misleading Twitter investors, with potential damages estimated at $2.6 billion [15][16] Hiring Trends in Tech - OpenAI plans to nearly double its workforce to about 8,000 employees by the end of 2026, focusing on product development, engineering, research, and sales [17]