<p>游戏驿站（GameStop，GME）股票在公司报告 2024 财年第四季度收入大幅下降后迅速上涨，销售额为 12.8 亿美元，同比下降 28.5%。尽管收入下降，公司净收入却显著增加，达到 1.313 亿美元，而去年为 6310 万美元。每股收益 0.30 美元也超出预期。此外，游戏驿站宣布了一项显著的战略决策，批准将比特币作为财政储备资产。这一决定标志着公司在应对产品销售组合持续变化的同时，开始转变投资政策，并储备了 47.75 亿美元的现金。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Stock-Chart-3-25-25.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="853" height="436" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Stock-Chart-3-25-25.png"/></p>
<h2><strong>收入未达预期，净利润超预期及加密货币的引入</strong></h2>
<p>游戏驿站作为一家专注于游戏和娱乐产品的专业零售商，在美国、加拿大、澳大利亚和欧洲等多个地区运营。公司的产品包括新旧游戏主机，以及控制器和游戏耳机等配件。此外，游戏驿站还提供虚拟现实产品、内存卡和各种游戏软件，包括新旧游戏。除了游戏，游戏驿站还提供与游戏、电视、电影和流行文化相关的收藏品，重点是授权商品。</p>
<p>公司报告第四季度收入为 12.8 亿美元，低于预期 2 亿美元，同比下降自 17.94 亿美元。然而，净收入显著增加至 1.313 亿美元，去年为 631 万美元，而销售、一般和行政费用从 3.592 亿美元降至 2.825 亿美元。调整后的息税折旧摊销前利润（EBITDA）从 8800 万美元上升至 9650 万美元。非公认会计原则每股收益（EPS）0.30 美元超出预期 0.22 美元。</p>
<p>按年度计算，游戏驿站 2024 财年的净销售额为 38.23 亿美元，低于去年 53.73 亿美元。然而，净收入显著改善，从 670 万美元上升至 1.313 亿美元，尽管调整后的 EBITDA 从 6470 万美元降至 3610 万美元。截至年末，公司报告持有现金、现金等价物和可交易证券 47.75 亿美元。</p>
<p>游戏驿站宣布其董事会一致通过更新投资政策，将比特币纳入财政储备资产。这一决定标志着公司在多样化储备方面的战略举措，并可能利用比特币预期的增长。</p>
<h2><strong>GME 股票值得购买吗？</strong></h2>
<p>Wedbush 分析师 Michael Pachter 对游戏驿站给予了表现不佳的评级，目标价为 10 美元。他指出，尽管游戏驿站每股大约有 10 美元的现金，占其年收入的 4% 以上，但并没有明确的策略来有效利用这笔资本。公司的股票交易价格为其现金价值的 2.4 倍，但仍持续遭受运营亏损，导致市场资本化的年化回报率低于 2%。最近的策略，包括加速关闭门店、进入交易卡市场和对加密货币的投资，缺乏明确的执行计划，似乎与公司的核心业务脱节，引发了对可持续盈利路径的担忧。这些举措是在未能成功扩展到全渠道和 NFT 交易后提出的。GME 股票的当前估值并未充分反映这些重大挑战。</p>
<p>游戏驿站被评为中性卖出，GME 股票的平均目标价为 10.00 美元，较当前水平有 60.63% 的潜在下跌空间。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Relative-Metrics-3-25-25-1024x605.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Relative-Metrics-3-25-25-1024x605.png"/></p>
<p>披露</p>
<p>对文章有疑问或意见？请写信至 editor@tipranks.com</p>

游戏驿站

<p>尽管 GameStop (GME) 在 2024 财年第四季度的收入下降了 28.5%，降至 12.8 亿美元，但净收入却上升至 1.313 亿美元。该公司批准将比特币作为财政储备资产，标志着投资策略的转变。Wedbush 分析师 Michael Pachter 将 GME 评级为表现不佳，目标价为 10 美元，理由是对公司不明确的战略和持续的运营亏损表示担忧。GameStop 的股票被评为适度卖出，当前水平的潜在下跌幅度为 60.63%</p>

<p>GameStop (GME) shares spiked in the immediate aftermath of the company reporting a considerable decline in revenue for the fourth quarter of fiscal year 2024, with sales totaling $1.28 billion, a 28.5% drop from the previous year. Despite this decline, the company reported a significant increase in net income, reaching $131.3 million, compared to $63.1 million in the previous year. The earnings per share of $0.30 also surpassed expectations. Further, GameStop announced a notable strategic decision by approving Bitcoin as a treasury reserve asset. This decision marks a shift in investment policy as the company navigates the ongoing change in product sales mix while hoarding a substantial cash reserve of $4.775 billion.</p>
<div class="lb-trans"><p>游戏驿站（GameStop，GME）股票在公司报告 2024 财年第四季度收入大幅下降后迅速上涨，销售额为 12.8 亿美元，同比下降 28.5%。尽管收入下降，公司净收入却显著增加，达到 1.313 亿美元，而去年为 6310 万美元。每股收益 0.30 美元也超出预期。此外，游戏驿站宣布了一项显著的战略决策，批准将比特币作为财政储备资产。这一决定标志着公司在应对产品销售组合持续变化的同时，开始转变投资政策，并储备了 47.75 亿美元的现金。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Stock-Chart-3-25-25.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Stock-Chart-3-25-25.png"/></p>
<h2><strong>Top-line Miss, Bottom-Line Beat &amp; Crypto to Boot</strong></h2>
<div class="lb-trans"><h2><strong>收入未达预期，净利润超预期及加密货币的引入</strong></h2>
</div><p>GameStop operates as a specialty retailer focusing on games and entertainment products across multiple regions, including the United States, Canada, Australia, and Europe. The company’s offerings encompass new and pre-owned gaming platforms, as well as accessories such as controllers and gaming headsets. Additionally, GameStop offers virtual reality products, memory cards, and a variety of gaming software, including both new and used titles. Beyond gaming, GameStop offers collectibles related to gaming, television, movies, and pop culture, with a focus on licensed merchandise.</p>
<div class="lb-trans"><p>游戏驿站作为一家专注于游戏和娱乐产品的专业零售商，在美国、加拿大、澳大利亚和欧洲等多个地区运营。公司的产品包括新旧游戏主机，以及控制器和游戏耳机等配件。此外，游戏驿站还提供虚拟现实产品、内存卡和各种游戏软件，包括新旧游戏。除了游戏，游戏驿站还提供与游戏、电视、电影和流行文化相关的收藏品，重点是授权商品。</p>
</div><p>The company reported fourth-quarter revenue of $1.28 billion, which fell short of expectations by $200 million while marking a year-over-year decline from $1.794 billion. However, net income significantly increased to $131.3 million from $63.1 million, while SG&amp;A expenses decreased from $359.2 million to $282.5 million. Adjusted EBITDA rose to $96.5 million from $88.0 million. Non-GAAP EPS of $0.30 surpassed expectations by $0.22.</p>
<div class="lb-trans"><p>公司报告第四季度收入为 12.8 亿美元，低于预期 2 亿美元，同比下降自 17.94 亿美元。然而，净收入显著增加至 1.313 亿美元，去年为 631 万美元，而销售、一般和行政费用从 3.592 亿美元降至 2.825 亿美元。调整后的息税折旧摊销前利润（EBITDA）从 8800 万美元上升至 9650 万美元。非公认会计原则每股收益（EPS）0.30 美元超出预期 0.22 美元。</p>
</div><p>On an annual basis, GameStop’s net sales totaled $3.823 billion for the fiscal year 2024, down from $5.273 billion in the previous year. Nonetheless, net income saw a marked improvement, rising to $131.3 million from $6.7 million the previous year, although adjusted EBITDA decreased to $36.1 million from $64.7 million. As of year-end, the company reported holding $4.775 billion in cash, cash equivalents, and marketable securities.</p>
<div class="lb-trans"><p>按年度计算，游戏驿站 2024 财年的净销售额为 38.23 亿美元，低于去年 53.73 亿美元。然而，净收入显著改善，从 670 万美元上升至 1.313 亿美元，尽管调整后的 EBITDA 从 6470 万美元降至 3610 万美元。截至年末，公司报告持有现金、现金等价物和可交易证券 47.75 亿美元。</p>
</div><p>GameStop has announced that its board unanimously approved an update to its investment policy to include Bitcoin as a treasury reserve asset. This decision signifies a strategic move by the company to diversify its reserves and potentially leverage the anticipated growth offered by Bitcoin.</p>
<div class="lb-trans"><p>游戏驿站宣布其董事会一致通过更新投资政策，将比特币纳入财政储备资产。这一决定标志着公司在多样化储备方面的战略举措，并可能利用比特币预期的增长。</p>
</div><h2><strong>Is GME Stock a Buy?</strong></h2>
<div class="lb-trans"><h2><strong>GME 股票值得购买吗？</strong></h2>
</div><p>Wedbush analyst Michael Pachter has issued an Underperform rating for GameStop, with a price target of $10, noting that while GameStop has approximately $10 per share in cash, accounting for over 4% of its annual income, there is no clear strategy to utilize this capital effectively. The company’s shares trade at 2.4 times their cash value, yet it continues to incur operating losses, resulting in an annualized return on market capitalization of less than 2%. Recent strategies, including accelerated store closures, a move into the trading card market, and investments in cryptocurrency, lack clear execution plans and appear disconnected from the company’s core business, raising concerns about a sustainable path to profitability. These initiatives come after unsuccessful attempts to expand into omnichannel and NFT trading. The current valuation of GME shares does not adequately reflect these significant challenges.</p>
<div class="lb-trans"><p>Wedbush 分析师 Michael Pachter 对游戏驿站给予了表现不佳的评级，目标价为 10 美元。他指出，尽管游戏驿站每股大约有 10 美元的现金，占其年收入的 4% 以上，但并没有明确的策略来有效利用这笔资本。公司的股票交易价格为其现金价值的 2.4 倍，但仍持续遭受运营亏损，导致市场资本化的年化回报率低于 2%。最近的策略，包括加速关闭门店、进入交易卡市场和对加密货币的投资，缺乏明确的执行计划，似乎与公司的核心业务脱节，引发了对可持续盈利路径的担忧。这些举措是在未能成功扩展到全渠道和 NFT 交易后提出的。GME 股票的当前估值并未充分反映这些重大挑战。</p>
</div><p>GameStop is rated a Moderate Sell with an average price target for GME stock of $10.00, representing a potential downside of 60.63% from current levels.</p>
<div class="lb-trans"><p>游戏驿站被评为中性卖出，GME 股票的平均目标价为 10.00 美元，较当前水平有 60.63% 的潜在下跌空间。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Relative-Metrics-3-25-25-1024x605.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/03/GME-Relative-Metrics-3-25-25-1024x605.png"/></p>
<p>Disclosure</p>
<div class="lb-trans"><p>披露</p>
</div><p>Questions or Comments about the article? Write to editor@tipranks.com</p>
<div class="lb-trans"><p>对文章有疑问或意见？请写信至 editor@tipranks.com</p>
</div>

GameStop Stock (GME) Spikes on Bitcoin Bump Despite Revenue Drop and Mysterious Future Gameplan

- GameStop 第四季度收入下降 28.5%，销售额为 12.8 亿美元。  
- 净收入却显著增长至 1.313 亿美元，超出预期。  
- 公司批准将比特币作为财务储备资产，战略转型显著。  

尽管收入下降和未来计划神秘，游戏驿站股票（GME）在比特币上涨的推动下飙升