GameStop sales of collectibles continued to boom in the company’s fiscal Q3 ended November 1, 2025, but overall sales showed a sharp decline, missing street expectations.
Sales of collectibles, which at GameStop include “apparel, toys, trading cards, gadgets, and other products for pop culture enthusiasts,” were $256.1 million in the quarter, up 50% from $171.1 million in the year ago quarter. While a robust growth rate, that’s down a bit from the last two quarters, when sales of collectibles grew 63% in Q2 and 55% in Q1 (see “Big Jump in Gamestop Collectibles“). With declines in other categories, collectibles hit a new high of 31.7% of GameStop sales in the quarter.
Overall sales for the quarter were down 4.6%, from $860.3 million in the year ago quarter to $821.0 million in fiscal Q3 this year. That was a big difference from expectations, perhaps set by the 22% increase in sales in fiscal Q2; analysts expected a 15% increase, according to SeekingAlpha.
For a second quarter, GameStop had an operating profit: $41.3 million for the period, a big swing from the $33.4 million operating loss in the year ago quarter. Net profit after non-operating entries, including an unrealized loss of $9.2 million on the company’s Bitcoin “investment” and the interest on the company’s cash pile was $77.1 million, up from a $17.4 million profit in the year ago period.
Source: ICv2
