GameStop missed analyst expectations in the third quarter of 2025, with shares falling over 4% on Wednesday due to a decline in core sales and reduced Bitcoin earnings impacting the quarter's performance.
According to Seeking Alpha, the company's third-quarter revenue was $821 million, below the analyst expectation of $987.29 million.
GameStop's third-quarter report also revealed that it held 4,710 Bitcoins, with an unrealized loss of $9 million for the quarter, although its Bitcoin holdings have still increased by $19.4 million this year.
The company also missed analyst expectations in the first quarter, recording approximately $732 million in revenue, below the estimated $754 million.
Despite adopting a Bitcoin treasury strategy in March, GameStop continues to struggle. This initiative briefly lifted the stock price by about 12% to $35 per share, but the gains were quickly reversed.
GameStop's business model relies on the resale of physical video games and used games, both of which have been impacted by the decline of physical media.
The company raised $1.5 billion in April to purchase Bitcoin and acquired 4,710 Bitcoins in May as part of its strategic shift towards digital asset treasury companies.
However, the day after announcing the treasury transformation, GameStop's stock price fell 11% as investors expressed concerns about its digital asset strategy.
In July, GameStop CEO Ryan Cohen stated that cryptocurrencies and Bitcoin are a hedge against inflation and hinted at plans to accept cryptocurrency payments in its stores.
Cohen said, "Using cryptocurrency in transactions is an opportunity and something we are looking into."
He added that the company is trying to reduce its reliance on physical hardware and game sales due to rising costs and is focusing on collectibles like trading cards.
According to Standard Chartered Bank, the decline in GameStop's stock price is part of a broader slump in digital asset treasury companies, attributed to market saturation and investor caution.
Related: Malaysian Crown Prince Launches Ringgit Stablecoin and Zetrix Digital Asset Vault
Original: “GameStop Misses Q3 Estimates Under Pressure from Weak Sales and Declining Bitcoin (BTC) Earnings”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
