GME Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-11-02), GME reported revenue of $860M, gross profit of $257M (29.9% gross margin), operating income of −$33M, and net income of $17M (2.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
GME was profitable; revenue grew 7.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +7.8% | +17.6% | +0.2 pp |
Consensus estimate data is not available for this report.
GME Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $860M | 100% |
| Cost of Revenue | −$603M | 70.1% |
| Gross Profit | $257M | 29.9% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$282M | 32.8% |
| Other Operating Expenses | −$9M | 1.0% |
| Operating Income | −$33M | -3.9% |
| Other Income, net | $54M | 6.3% |
| Income Tax Expense | −$3M | 0.4% |
| Net Income | $17M | 2.0% |
Source: original SEC filing (filed 2024-12-10). Accession 0001326380-24-000168. Data normalized by EarningsFyi.