GameStop ($GME) announces its financial results for the first quarter of 2025. While the company's net sales decreased by 17 percent compared to the same period last year, to $732.4 million, there was a significant improvement in operating losses.

GameStop's selling and general administrative expenses were $228.1 million for the quarter, down from $295.1 million in the same period last year.

Operating losses decreased to $10.8 million, a notable improvement compared to the operating loss recorded last year of $50.6 million. The operating losses in this quarter included impairment charges of $35.5 million, which were recorded as part of the company's international restructuring process.