2017 ANNUAL REPORT Letter To Our Shareholders

In 2017, GameStop set out to deliver on strategic priorities We are committed to finding ways to maximize profitability designed to drive growth and deliver returns for our going forward. A key aspect to delivering on this goal is to shareholders. Thanks to the passion and hard work of our take a pause on acquiring new businesses in the near-term. associates around the world and their ability to navigate We can drive growth and improve profitability by focusing industry changes, we drove annual sales growth of 7% and on the fundamentals of managing the three businesses delivered adjusted earnings per diluted share of $3.34. that we already have — Video Games, Collectibles and

Throughout the year and particularly during the very Technology Brands. Once we improve the operating important holiday period, we continued to demonstrate fundamentals of each and achieve the performance that our family of retail brands — GameStop, EB Games, level we know they can attain, we will explore additional Micromania, ThinkGeek, Zing Pop Culture, Spring Mobile opportunities for growth to drive shareholder value. For AT&T and Simply Mac — are the preferred destinations for 2018, we believe we are in position to once again deliver gaming, collectibles and consumer electronics merchandise strong cash flows and earnings and that our near-term at a great value. focus on improving the fundamentals of our businesses can position the company for long-term success. A few financial highlights from the year: GameStop has long been committed to giving back to the Video Games: communities we serve. As we look to 2018, we are evolving » Video game hardware sales grew 28%, driven by our corporate giving efforts through the introduction innovative new consoles like Nintendo Switch, the PS4 of our new GameStop Gives charity program, which will Pro and Xbox One X. focus on using the power of gaming for good. Through » Video game software sales increased 4%, driven by the partnering with charitable organizations like Make-A- strong performance of new titles. Wish, Autism Speaks, Ronald McDonald House, Starlight Pop Culture: Children’s Foundation, the Children’s Miracle Network and the Call of Duty Endowment, we believe gaming can and » Our global collectibles business grew 29%, further will empower the lives of our customers and their families. demonstrating that this business can be an accelerating contributor to our overall profitability. On behalf of our associates around the world, I would like Global Omni-Channel: to thank all of our stakeholders for their continued support of GameStop. » Global omni-channel sales grew 49% in 2017, driven by investments we’ve made to improve the customer experience and our integrated channels. Sincerely, While we delivered solid results in 2017, generating $325 million in free cash flow and paying $155 million to shareholders in dividends, there are still many areas of our business that can be improved to further drive shareholder Daniel A. DeMatteo value. More specifically, we hold ourselves accountable for Executive Chairman and improving the performance in the Technology Brands and Interim Chief Executive Officer our pre-owned video game category. We believe we can do better. 6/*5&% 455"5&4 4&$63*5*&4 "/% &9$)"/(& $0..*44*0/ 8BTIJOHUPO %$  'PSN , a "//6"- 3&1035 16346"/5 50 4&$5*0/  03  E 0' 5)& 4&$63*5*&4 &9$)"/(& "$5 0'  'PS UIF GJTDBM ZFBS FOEFE 'FCSVBSZ   03 b 53"/4*5*0/ 3&1035 16346"/5 50 4&$5*0/  03  E 0' 5)& 4&$63*5*&4 &9$)"/(& "$5 0' 

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BOARD OF DIRECTORS EXECUTIVE OFFICERS

Daniel A. DeMatteo Shane S. Kim Gerald R. Szczepanski Daniel A. DeMatteo Executive Chairman and Former Corporate Former Chairman Executive Chairman Interim Chief Executive Officer Vice President Gadzooks and Interim Chief GameStop Microsoft Corporation Executive Officer Kathy P. Vrabeck Jerome L. Davis Steven R. Koonin Senior Client Partner, Robert A. Lloyd Executive Vice President and Chief Executive Officer Consumer Markets, Executive Vice President and Chief Revenue Officer The Atlanta Hawks Korn Ferry Chief Financial Officer Metropolitan Washington Airports Authority Stephanie M. Shern Lawrence S. Zilavy Daniel J. Kaufman Former Vice Chairman and LR Enterprises Management, Executive Vice President, Thomas N. Kelly Global Director of Retail and LLC Chief Legal and Former Chief Operating Consumer Products Administrative Officer Officer EY LLP Nextel Corporation

SHAREHOLDER INFORMATION

Corporate Office Transfer Agent and Legal Counsel 625 Westport Parkway Registrar Pepper Hamilton, LLP Grapevine, TX 76051 Computershare Philadelphia, PA 817.424.2000 P.O. Box 30170 www.GameStop.com College Station, TX Listed on the New York 77842-2170 Stock Exchange Auditors 800.522.6645 Symbol: GME Deloitte & Touche, LLP www.computershare.com Dallas, TX

In Loving Memory Julian Paul Raines April 4, 1964 – March 4, 2018

GameStop, EB Games, Electronics Boutique, Game Informer magazine, Micromania, GameTrust, Spring Mobile, Simply Mac, ThinkGeek, Zing Pop Culture, PowerUp Rewards and “Power to the Players“ are trademarks of GameStop, or one of its wholly owned subsidiaries. Corporate Office / 625 Westport Parkway / Grapevine, TX 76051 / 817.424.2000 / www.GameStop.com