GME Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-08-03), GME reported revenue of $798M, gross profit of $249M (31.2% gross margin), operating income of −$22M, and net income of $15M (1.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GME was profitable; revenue fell 31.4% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −31.4% | +628.6% | +2.1 pp |
| Quarter over quarter | −9.5% | +145.8% | +5.5 pp |
Consensus estimate data is not available for this report.
GME Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $798M | 100% |
| Cost of Revenue | −$550M | 68.8% |
| Gross Profit | $249M | 31.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$271M | 33.9% |
| Operating Income | −$22M | -2.8% |
| Other Income, net | $40M | 4.9% |
| Income Tax Expense | −$3M | 0.3% |
| Net Income | $15M | 1.9% |
Source: original SEC filing (filed 2024-09-10). Accession 0001326380-24-000107. Data normalized by EarningsFyi.