GameStop Reports 14% Revenue Decline, Q4 Profit Holds Above $127 Million

GameStop reported a 14% decline in revenue to $1.104 billion in Q4, but net income held at $127.9 million. The company ended the quarter with a cash pile of $9 billion and a crypto-linked position of $368.4 million. Expenses were cut, leading to higher operating income, and the company turned a full-year loss into a full-year operating profit.