GameStop Stock News

GameStop shares rose 5% on Wednesday after the company posted results that exceeded Wall Street expectations for the second quarter. The video game retailer reported earnings of 25 cents per share, well above analysts' consensus estimate of 16 cents.

GameStop's Q2 revenue beat was likely driven by strong Nintendo Switch 2 sales, with Hardware up 31% YoY and Collectibles sustaining even higher growth. The company now holds $9.2 billion in cash and Bitcoin, increased largely due to convertible bond issuance. Warrants will be issued to investors, potentially raising another $1.9 billion if exercised over the next 14 months, signaling managemen...

Stocks looked set to rise on Wednesday, as investors awaited the first of two key inflation reports.

GameStop Corp (NYSE:GME) shares climbed 6% in after-hours trading on Tuesday after the company reported second-quarter results that comfortably beat Wall Street forecasts. Revenue rose nearly 22% year-on-year to $972.2 million, well ahead of analysts' expectations of $823.2 million.

GameStop is successfully pivoting to trading cards, a high-margin, secular growth business, with strong execution and growing collectibles revenue. The company's solid balance sheet, with significant net cash and GAAP profitability, provides stability and time for its business model transition. Valuation is attractive, especially considering the collectibles segment's growth and margin profile,...

OG meme stock reported a 22% rise in sales and a fifth consecutive profit, sending the stock more than 5% higher after hours Tuesday.

GameStop Corp (NYSE:GME) shares moved higher afterhours as it reported an increase in revenue for the second quarter, amid the video game retailer's turnaround efforts. Net sales increased to $972.2 million from $798.3 million in the year-ago quarter, handily beating Wall Street estimates of $900 million.

GameStop reported a nearly 22% rise in second-quarter revenue on Tuesday, as the videogame retailer steps up efforts to revive its struggling business in the face of a tough economy.