Ryan Cohen is sitting on a war chest worth billions, and what he chooses to do with it before Tuesday's close could matter far more to GameStop investors than any revenue line in the quarterly report.
GameStop reports second-quarter fiscal 2026 results after the market closes on Tuesday. In a preliminary results press release on August 31, the company said it expects net sales of $780 million to $800 million for the quarter ended August 1, down sharply from $972.2 million a year earlier.
Three very different companies are set to test their narratives within weeks of one another. GameStop NYSE: GME, Apple NASDAQ: AAPL, and Meta Platforms NASDAQ: META each face a distinct catalyst this month: an earnings report, a product launch, and a developer showcase.
GameStop's multibillion-dollar investment in eBay could signal a shift in its pursuit of the online marketplace from would-be acquirer to influential shareholder, while giving the video game retailer a significant foothold in digital commerce.
GameStop's $55.5 billion eBay swing rattled the stock, but a partnership could preserve much of the strategic upside without forcing shareholders to swallow the whole deal. Beneath the EBAY noise, the old retailer is finally showing some teeth: operating profits are climbing even as revenue keeps shrinking. The dilution sting is still real, but the 55.5 million-share exchange finally puts a number on what had been an open-ended overhang.
GameStop Corp (NYSE:GME) stock is bucking the broad market trend this morning, up 5% to trade at $18.75.
GameStop (GME) stock is gaining on Monday after the gaming merchandise retailer's surprise release of its preliminary second-quarter results. Despite the positive price action, core challenges persist – net sales are projected to decline year-on-year to between $780 million and $800 million, down sharply from $972 million a year ago.
The videogame retailer said it anticipates net income of $290 million to $310 million for its 13 weeks ended Aug. 1, up from net income of $168.6 million in last year's second quarter.
GameStop (GME) is upgraded to a soft ‘buy' as revenue, profitability, and cash flows improve significantly amid a stronger collectibles business. GME posted 14% revenue growth YoY, with net income rising from $44.8M to $389.6M and adjusted net profits more than doubling. Management expects EBITDA to exceed $600M this year, and a large net cash position ($4.2B) supports balance sheet strength.
Bloomberg says GameStop could propose collaborating with eBay in some way other than a merger. Some analysts doubt whether eBay would benefit much from that sort of deal.
GameStop could be pulling back from its attempt to merge with eBay.
Cohen – who became a favorite of retail investors as GameStop rose to “meme stock” prominence – is instead considering proposing a partnership that would allow eBay access to GameStop's base of approximately 1,600 US stores, Bloomberg reported, citing people familiar with the matter.