TLDR:
- GameStop will report Q4 FY24 earnings on March 25, with analysts expecting a 64% drop in EPS and 18% revenue decline
- Website traffic to gamestop.com fell 25.2% year-over-year in Q4, though it improved 41% sequentially
- Options traders anticipate a 12% stock move in either direction following earnings
- Recent insider sales occurred in January with prices around $31.07
- GME stock has declined 21% in 2025 but has still risen 81% over the past year
GameStop (GME) is set to announce its fourth quarter fiscal 2024 earnings after market close on Tuesday, March 25. Wall Street expects disappointing results as the video game retailer continues to struggle with changing consumer preferences.
The company faces significant challenges. Analysts predict adjusted earnings per share will fall approximately 64% year-over-year to $0.08.
Revenue is expected to decline about 18% to $1.48 billion. This drop reflects weakness across GameStop’s core business segments, including hardware and software sales.
The retail gaming landscape has shifted dramatically. Consumers increasingly prefer digital downloads and game streaming services over physical game purchases from brick-and-mortar stores.
This digital transition has been difficult for GameStop. The company’s traditional business model relies heavily on in-store traffic and physical game sales.
Website Traffic and Stock Performance
Website data suggests continued problems. TipRanks’ Website Traffic Tool shows visits to gamestop.com declined by 25.2% year-over-year in Q4 2024.
However, there was some improvement on a sequential basis. Site visits increased by approximately 41% compared to the previous quarter.
Despite these challenges, GameStop stock has shown remarkable resilience in certain timeframes. While down 21% so far in 2025, the stock has risen 81% over the past year.
This stock performance puzzles many market observers. Most analysts attribute GME’s movements to its status as a “meme stock” rather than fundamental business performance.
Investor Focus and Market Reaction
Investor focus will center on several key issues during the earnings call. Many want to see if any improvement in sales and profitability has occurred.
There’s also speculation about potential Bitcoin investments. Strive Asset Management has urged CEO Ryan Cohen to use GameStop’s nearly $5 billion cash reserves to invest in cryptocurrency.
Options traders anticipate significant volatility following the earnings report. The expected move is approximately 12% in either direction, according to TipRanks’ Options tool.
Recent insider transactions may provide additional context. In January, multiple executives sold shares at prices around $31.07, including the General Counsel and another company insider.
Institutional investors have shown mixed reactions. Some funds increased their positions in Q3, including Charles Schwab Investment Management, which held over 3.5 million shares valued at approximately $80.3 million.
Analyst coverage remains limited. The most recent rating came from Wedbush analyst Michael Pachter in December, who maintained a Sell recommendation with a $10 price target.
GameStop’s market metrics reflect its unusual position. The company has a market capitalization of approximately $11.08 billion, a P/E ratio of 137.81, and a beta of -0.29.
The stock has been trading around the mid-$20 range recently. It hit $24.33 during mid-day trading on Friday, representing a 3.5% daily gain with lower-than-average volume.
Given the mixed signals and upcoming earnings uncertainty, many financial experts recommend caution. The combination of weak fundamentals and speculative trading patterns creates a high-risk investment scenario.
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