GameStop Corp is a retail company that specializes in video games, consumer electronics, and gaming merchandise. With a strong focus on enhancing the gaming experience, GameStop operates a chain of stores where customers can purchase new and pre-owned video games, consoles, accessories, and memorabilia. In addition to traditional retail, GameStop has been exploring opportunities in the digital gaming market, including online sales and digital downloads. The company's commitment to the gaming community is further exemplified through various customer engagement initiatives and loyalty programs designed to foster a strong connection with gamers. Read More
A cryptocurrency named after GameStop Corp. (NYSE:GME) blasted to triple-digit gains Wednesday after the video game retailer announced plans to raise over a billion dollars for investment purposes.
Shares of video game retailer GameStop (NYSE:GME)
fell 5.2% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Sales missed expectations, down a whopping 17%, signaling persistently soft demand for its core offerings. The miss was driven by shrinking sales in hardware and software, wiping out gains in the collectibles business that grew to nearly 30% of total sales.
GameStop Corp. (NYSE: GME) (“GameStop”) today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). GameStop also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $250 million aggregate principal amount of notes.
Analyst Michael Pachter wondered why investors would pay more than twice the company's cash value for the possibility of GameStop converting more of its cash into Bitcoin, especially when they could invest in Bitcoin or a Bitcoin ETF themselves.
GameStop Corp (NYSE:GME) shares are trading lower Wednesday on the heels of the company's first-quarter financial results. Here's what you need to know.
Matt Hougan, Chief Investment Officer at Bitwise Asset Management on Monday described the surge in public companies holding Bitcoin (CRYPTO: BTC) as a “megatrend” that is set to accelerate, driven by concerns over dollar devaluation and
Video game retailer GameStop (NYSE:GME) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 16.9% year on year to $732.4 million. Its non-GAAP profit of $0.17 per share was significantly above analysts’ consensus estimates.
GameStop Corp (NYSE:GME) reported financial results for the first quarter of fiscal 2025 after the market close on Tuesday. Here’s a rundown of the video game retailer’s report.
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the first quarter ended May 3, 2025. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com.
U.S. stocks ticked up on Tuesday, with investors closely watching for potential progress in ongoing U.S.-China trade negotiations taking place in London.
GameStop stock is volatile ahead of today's earnings report amid Bitcoin and Nintendo news. Analysts expect a small profit but lower revenue, which will test its recent momentum.
