GME Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2024-02-03), GME reported revenue of $1.8B, gross profit of $419M (23.4% gross margin), operating income of $55M, and net income of $63M (3.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GME was profitable; revenue grew 66.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +66.3% | +2135.5% | +3.8 pp |
Consensus estimate data is not available for this report.
GME Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.8B | 100% |
| Cost of Revenue | −$1.4B | 76.6% |
| Gross Profit | $419M | 23.4% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$359M | 20.0% |
| Other Operating Expenses | −$5M | 0.3% |
| Operating Income | $55M | 3.1% |
| Other Income, net | $16M | 0.9% |
| Income Tax Expense | −$8M | 0.4% |
| Net Income | $63M | 3.5% |
Source: original SEC filing (filed 2024-03-26). Accession 0001326380-24-000011. Data normalized by EarningsFyi.