GameStop’s performance so far this year has been impressive, with the stock showing a Year-to-Date (YTD) gain of +70.90%, far outperforming the broader market. In comparison, the S&P 500 has gained +27.67% YTD, making GameStop’s rise a standout achievement in 2024.

GameStop sales fell from a year ago in the company’s latest quarter, coming in below Wall Street estimates, but the videogame retailer also swung to an unexpected profit. GameStop reported third-quarter adjusted earnings of 6 cents a share on net sales of $860.

Videogame retailer GameStop reported a fall in third-quarter revenue on Tuesday, hit by a continued slump in spending at its brick-and-mortar stores as consumers shift to online platforms. The company's third-quarter revenue fell 20% to $860 million,

GameStop (GME) swung to a profit in the third quarter, even as revenue fell year-over-year. Shares surged in extended trading Tuesday on the news. The video game retailer posted a profit of $17.4 million or 4 cents per share on revenue of $860.

The results are due after the close of trading on Tuesday. Shares of the videogame retailer are up 59% this year.

Real-time index price for S&P 500 Index Total Return (SFTI), along with buy or sell indicators, analysis, charts, historical performance, news and more