GameStop Q2 Outlook: Can Bitcoin and Trading Cards Dwarf Video Game Sales?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2025
0mins
Should l Buy GME?
Source: Benzinga
Earnings Estimates: GameStop is expected to report Q2 revenue of $823.25 million, a slight increase from last year, with analysts predicting earnings per share of 16 cents, up from 1 cent in Q2 of the previous year. The company has struggled with revenue estimates, missing them in seven of the last eight quarters.
Analyst Insights: Analyst Michael Pachter remains bearish on GameStop, citing concerns over its core business and Bitcoin investments. However, he notes positive growth in the trading card sector, which has helped offset declines in other areas and contributed to improved profitability.
Collectibles Growth: GameStop's collectibles segment, particularly trading cards, has shown significant growth, with revenue reaching $211.5 million in Q1. This area is seen as a natural extension for the company and is expected to drive further growth.
Bitcoin Holdings: GameStop has purchased 4,710 Bitcoin recently, which has appreciated in value. CEO Ryan Cohen stated that the company is not transitioning into a Bitcoin treasury but is using Bitcoin as a hedge against inflation while responsibly deploying its cash reserves.
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Analyst Views on GME
About GME
GameStop Corp. offers games and entertainment products through its stores and ecommerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 3,203 stores across all of its segments: 2,325 in the United States, 193 in Canada, 374 in Australia, and 311 in Europe. Its stores and ecommerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include 38 pop culture-themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. Its retail stores are generally located in strip centers, shopping malls and pedestrian areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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