Gate News bot, GameStop Corp. (NYSE: GME) released financial results for the first quarter ended May 3, 2025, and the company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are as follows: net sales for the quarter were $732.4 million, compared to $881.8 million in the year-ago quarter; Selling, general and administrative expenses (SG&A) were $228.1 million in the quarter, compared to $295.1 million in the year-ago quarter. Operating loss for the quarter was $10.8 million, compared to $50.6 million in the year-ago quarter; Operating loss for the quarter included an impairment charge of $35.5 million related to an international restructuring; Adjusted operating profit for the quarter, net of impairment charges and other items, was $27.5 million, compared to an adjusted operating loss of $55.0 million in the year-ago quarter. Net income for the quarter was $44.8 million, compared to a net loss of $32.3 million in the year-ago quarter. Adjusted net income for the quarter, net of impairment charges and other items, was $83.1 million, compared to an adjusted net loss of $36.7 million in the year-ago quarter. Cash, cash equivalents and marketable securities totaled $6.4 billion at the end of the first quarter, compared to $1.0 billion in the year-ago quarter.