GameStop Q4 Earnings Preview: Potential Bitcoin Purchase on the Horizon? – GameStop (NYSE:GME)

Investors and analysts will likely be scrutinizing GameStop Corp GME filings not for information on video games, but to determine if the company has purchased Bitcoin BTC/USD, which may be disclosed when the company releases quarterly financial results after the market closes on Tuesday.

Here are the earnings estimates from analysts and key factors to watch out for:

Earnings Estimates: Analysts anticipate GameStop to announce fourth-quarter revenue of $1.48 billion, a decrease from the $1.79 billion reported in the previous year’s fourth quarter according to data from Benzinga Pro.

The company has failed to meet analyst revenue estimates in the last five quarters and in eight of the past 10 quarters overall.

Analysts predict GameStop to report fourth-quarter earnings per share of eight cents, a drop from 22 cents per share in the previous year’s fourth quarter.

In the third and second quarters, the company reported positive earnings of six cents and one cent per share respectively, following a loss of 12 cents per share in the first quarter.

GameStop has missed analyst estimates for earnings per share in three of the last four quarters and in five of the past 10 quarters.

Key Items to Watch: Many will be eagerly awaiting GameStop’s earnings release and filings to see if the company has indeed acquired Bitcoin.

While suggestions for GameStop to purchase Bitcoin have been circulating among investors and fans for some time, this idea might materialize soon.

In February, GameStop CEO Ryan Cohen shared a picture with Strategy Inc Chairman Michael Saylor, sparking speculation about discussions on Bitcoin and potentially adding the cryptocurrency to GameStop’s balance sheet, similar to Strategy’s actions over the years.

A report from CNBC in February indicated that GameStop was exploring investments in Bitcoin and other cryptocurrencies. While there is no confirmation of cryptocurrency investments in the fourth or subsequent first quarters, investors are hopeful for an announcement or filing from the company.

Cohen was recently given control over investing GameStop’s cash into stocks and other investments, including cryptocurrency.

Cohen also transferred his stake in the company from an LLC to his personal name, leading to speculation about potential M&A activities.

GameStop is also looking to sell its operations in France and Canada, which could bolster its cash reserves. The company had $4.62 billion in cash at the end of the third quarter.

Investors and analysts are anticipating GameStop to make a strategic move with its cash as it aims to transition away from being solely a video game retailer, a market that is declining in the digital age.

In the third quarter, GameStop reported sales declines year-over-year across its major business segments: hardware and accessories, software, and collectibles.

Following the third-quarter financials announcement where the company stated no more at-the-market offerings for its common stock in the current fiscal year, GameStop’s stock experienced a brief uptick.

GME Price Action: GameStop stock closed Monday at $25.61, up 3.39%, within a 52-week trading range of $9.95 to $64.83. Year-to-date, the stock is down 17% in 2025, but has seen a 69% increase over the last year.