GameStop Corp ( GME ) reported financial results for the first quarter of fiscal 2025 after the market close on Tuesday. Here’s a rundown of the video game retailer’s report.

Q1 Earnings: GameStop ( GME ) reported first-quarter revenue of $732.4 million, missing analyst estimates of $754.24 million. The company reported first-quarter adjusted earnings of 17 cents per share, beating analyst estimates of four cents per share, according to Benzinga Pro.

Total revenue was down about 17% on a year-over-year basis. Here’s a breakdown of revenue by category:

Hardware and Accessories revenue: $345.3 million

Software revenue: $175.6 million

Collectibles revenue: $211.5 million

Collectibles revenue was the only segment that experienced growth on a year-over-year basis.

GameStop ( GME ) ended the period with approximately $6.4 billion in cash, cash equivalents and marketable securities.

In the company’s fourth-quarter earnings release, GameStop ( GME ) announced that its board unanimously approved an update to its investment strategy to add Bitcoin (CRYPTO: BTC) as a treasury reserve asset. Subsequent to the quarter’s end, the company said it purchased 4,710 Bitcoin between May 3 and June 10 using cash.

GameStop ( GME ) did not schedule a conference call to discuss its quarterly results. The company has not held a call with investors and analysts in several quarters.

GME Price Action: GameStop ( GME ) shares were down approximately 3% year-to-date heading into Tuesday’s print. The stock was down 5.80% in after-hours, trading at $28.40 at the time of publication Tuesday, per Benzinga Pro.

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