Video game retailer GameStop (NYSE:GME) fell short of analysts’ expectations in Q2 CY2024, with revenue down 31.4% year on year to $798.3 million. It made a non-GAAP profit of $0.01 per share, improving from its loss of $0.03 per share in the same quarter last year.
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GameStop (GME) Q2 CY2024 Highlights:
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Revenue: $798.3 million vs analyst estimates of $895.7 million (10.9% miss)
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EPS (non-GAAP): $0.01 vs analyst estimates of -$0.09 ($0.10 beat)
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Gross Margin (GAAP): 31.2%, up from 26.3% in the same quarter last year
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EBITDA Margin: -2.3%, down from 0.1% in the same quarter last year
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Free Cash Flow was $65.5 million, up from -$119.2 million in the same quarter last year
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Market Capitalization: $10.34 billion
Drawing gaming fans with demo units set up with the latest releases, GameStop (NYSE:GME) sells new…
