Gamestop earnings take a hit in Q3; shares sink 5.7%

Gamestop's top line has slid back in Q3, according to its latest earnings report.

Net sales for the quarter were down from US$860.3 million to $821.0 million, compared to the same time last year.

This was a total miss of what analysts had estimated; $987.28 million.

Hardware underperformed, with that sector making up the majority of GameStop's sales.

Collectibles were performing well, however, up by nearly 50% compared to Q3 in 2024, featuring things like the virally successful Labubu figurines and Pokémon trading cards.

The lower-than-expected figures caused shares to drop approximately 5.7% and were at $21.80 in after-hours trading.