GameStop Reports Q3 2024 Financial Results
GameStop Corp. reported its financial results for the third quarter of 2024, showing net sales of $860 million, a decrease from $1.078 billion in the same period last year. Despite the drop in sales, the company achieved a net income of $17.4 million, compared to a net loss of $3.1 million in the previous year. GameStop completed an equity offering, raising $400 million, and ended the quarter with $4.616 billion in cash and marketable securities. The company also highlighted its use of non-GAAP financial measures to provide additional insights into its performance.
