Per GameStop
GameStop Released Q3 Financial Results with $1.042 in Cash, Cash Equivalents, and Marketable Securities
12/8/2022
GameStop released its Q3 financial results showing a drop in net sales compared to a year earlier but massive cash, cash equivalents, and market securities by the end of the quarter. The company's third quarter ended on October 29, 2022.
The company reported a small loss of $94.7 million over the last three months compared to its $1.042 billion cash, cash equivalents, and marketable securities. The company reported an overall net loss of $105.4 million during the same time last year.
Last year during the same period, the company announced $1.413 billion in cash, cash equivalents, and marketable securities.
Amid the FTX situation, GameStop CEO Matt Furlong addressed concerns, saying the company does not hold a "material balance" of any crypto token and will not be returning to crypto anytime soon, saying they "will not risk meaningful stockholder capital in this space," per GameSpot.
Previously, GameStop announced that it would look into NFTs to help its growth. The company has already laid off different crypto-related positions as it scales back on top of layoffs in other corporate positions.
In Q3 2021, GameStop's net sales were at $1.297 billion compared to the $1.186 billion reported for this quarter. The company will focus on three main areas: gaming, pre-owned items, and collectibles.
So far, GameStop's stock price has dropped 44.53% year-over-year but is still up by 867.07% overall. This is massively due to the memestock rally that saw stocks like GME, AMC, and others massively spike in value almost overnight, which have also seen a drop this year nearing half of their meteoric gains.
The company made $627 million from hardware and accessories, resulting in 52.8% of the company's total revenue.
Of the remaining 47.2%, 29.7% was made from software, raking in $352.1 million, and 17.5% from collectibles. The company's inventory during Q3 of 2021 was at $1.141 billion compared to its current $1.131 billion, dropping $10 million.
Resources:
See flow at unusualwhales.com/flow.
The Department of Homeland Security is considering the creation of a television show in which migrants would compete for potential U.S. citizenship
5/21/2025 1:53 AMU.S. Senate unanimously passes the No Tax on Tips Act
5/21/2025 1:49 AMInvestors now own 30% of metro Atlanta’s single-family rental homes
5/20/2025 9:23 PMMajority of Canadians feel unwelcome and unsafe travelling to United States
5/20/2025 8:48 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.