October 15, 2024
Operating Assets

GameStop (GME) ended Q3 2023 with $1.2095 billion in cash & marketable securities


GameStop’s Q3 2023 earnings report revealed the company has a healthy amount of cash on hand.

GameStop (GME) reported its Q3 2023 earnings on Wednesday, December 6, 2023. While the company did miss revenue estimates, it ended the quarter with $1.2 billion in cash and marketable securities.

In the condensed consolidated balance sheets portion of the earnings report, GameStop revealed that in Q3 2023 it held $909 million in cash and a cash equivalents, plus $300.5 million in marketable securities. This adds up to just over $1.2 billion. By comparison, GameStop held just over $1 billion in cash and cash equivalents plus marketable securities in Q3 2022.

An image showing GameStop (GME) in after hours trading for December 6, 2023
A stock chart showing GameStop (GME) in after hours trading on December 6, 2023.

Beyond the specific numbers, GameStop didn’t add much context. The company didn’t release a statement about the results beyond a single sentence in their earnings report, stating, “The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q.” This does not come as a surprise, as GameStop hasn’t held a conference call for its earnings reports in 2023.

For more financial news and information on GameStop and other gaming and tech companies, stick right here with Shacknews.

Bill, who is also known as Rumpo, is a lifelong gamer and Toronto Maple Leafs fan. He made his mark early in his career through guide writing and a deep understanding of editorial SEO. He enjoys putting in the work to create a great content, be it a wild feature or grinding out an in-depth collectible guide. Tweet him @RumpoPlays if you have a question or comment about one of his articles.





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