Why GameStop Stock Nosediving Today?

The company reported a decline in its fourth quarter net sales that also missed analyst expectations according to data from Stocktwits.

The GameStop logo is being displayed on a smartphone with GameStop visible in the background. (Photo by Jonathan Raa/NurPhoto via Getty Images)

Jaiveer Shekhawat · Stocktwits

Published Mar 24, 2026, 5:25 PM ETD

GME
  • Its net sales were $1.104 billion for the fourth quarter, compared to $1.283 billion in the prior year's fourth quarter.
  • However, adjusted earnings per share of $0.49 for the fourth quarter ended January 31, 2026, easily surpassed Wall Street consensus of $0.37 as per Stocktwits data.

GameStop (GME) shares fell as much as 5% during Tuesday’s extended hours of trading after the video game retailer reported its fourth quarter earnings. 

The company reported a decline in its fourth quarter net sales. Its net sales were $1.104 billion for the fourth quarter, compared to $1.283 billion in the prior year's fourth quarter. Analysts on average expected net sales of $1.47 billion, according to data from Stocktwits. 

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More Details

The company posted adjusted earnings per share of $0.49 for the fourth quarter ended January 31, 2026, easily surpassing Wall Street consensus of $0.37 as per Stocktwits data. 

GME reported operating income of $135.2 million for the fourth quarter, compared to $79.8 million in the prior year's fourth quarter. 

Cash, cash equivalents and marketable securities were $9.0 billion at the close of the quarter compared to $4.8 billion at the close of the prior year's fourth quarter. GME’s Bitcoin and related receivables were valued at $368.4 million at the close of the quarter.

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Full Year 

The company posted net sales of $3.630 billion for fiscal year 2025, compared to $3.823 billion in fiscal year 2024. 

GME posted an operating income of $232.1 million for the year, compared to an operating loss of $26.2 million in fiscal year 2024. Its net income was $418.4 million for fiscal year 2025, compared to $131.3 million from the previous year. 

Retail Reaction

Retail sentiment around GME trended in ‘bullish’ territory amid ‘high’ message volume. 

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A Stocktwits user praised the company's earnings and said that GME "straight up crushed EPS”. 

Shares in the company have jumped 12.6% so far in 2026. 

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