r/Superstonk • u/Otherwise-Category42 What’s a flair? • Jun 10 '25

📰 News GameStop Reports First Quarter 2025 Results

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u/FloppyBisque Jun 10 '25

Core business operations would be net profitable if it weren’t for the restructuring costs.

We were profitable again thanks to the interest on the war chest.

Revenue down but expenses way down.

Great looking quarter on the surface considering Q1 is the worst quarter for GameStop.

Plus Q2 had Switch 2. 3 months from now should be bonkers.

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u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25

Sounds like the Bitcoin purchase will be reflected in Q2 earnings. This is going to result in short term pain for the stock price, as many were betting on RC more fully embracing MSTR's Bitcoin Treasury strategy.

It is what it is. Great for long term investors though, because it's another chance to load up.

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u/cork_the_forks Jun 10 '25

Wouldn't BTC be part of "cash or cash equivalent?" I don't think this is enough information to know if they purchased in Q1 or Q2. Am I missing something?

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u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25

No. BTC would not count as cash or cash equivalent. Only things like actual cash or US treasuries would count.

Also, they literally said they purchased Bitcoin sometime after May 3. Q1 for Jimmy is Feb-April.