GameStop financial report: Q1 net income of $44.8 million and cash purchase of 4,710 bitcoins

GameStop, a company listed on the New York Stock Exchange, released its Q1 2025 earnings report, which disclosed:

1. Net sales for the quarter were $732.4 million, with an operating loss of $10.8 million and a net income of $44.8 million;

2. Cash, cash equivalents, and marketable securities at the end of the first quarter amounted to $6.4 billion, compared to $1 billion at the end of the first quarter last year;

3. The divestiture of Canadian assets was completed on May 4, and 4,710 bitcoins were purchased in cash between May 3 and June 10.