GameStop's Q1 results showed real progress, with collectibles growth driving higher revenue, stronger margins, and a return to operating profitability. GameStop is increasingly using its balance sheet as a strategic tool through Bitcoin, eBay exposure, potential acquisitions, and buybacks. The proposed eBay acquisition could reshape the company, but it also brings meaningful execution, financing, and dilution risks.
Shareholders approved a change that will let the video-game retailer issue more stock.
While some collectors may plan to hoard their physical media, one Columbus gamer decided to liquidate his collection
GameStop CEO Ryan Cohen scrapped his pay package plan that stood to net him as much as $35 billion if he hit certain performance targets, citing a desire to focus on his eBay takeover bid. However, Cohen has shared few details on how he'll move forward with his $56 billion offer for eBay since the company rejected the proposal in May.
Ryan Cohen is doing two things at once that look contradictory until you stare at them long enough.
GameStop Corp (NYSE:GME)'s board has scrapped a proposed CEO performance award after a request from CEO Ryan Cohen, who said he wants leadership focused on the company's operating performance and its pursuit of online marketplace eBay. The award, approved in January 2026, would have paid Cohen as much as $35 billion if GameStop reached a market capitalization of $100 billion.
Ryan Cohen, the GameStop chairman and CEO whose Chewy exit made him a household name in retail-investor circles, sat down with Jason Calacanis on the All-In podcast and made clear that his unsolicited run at eBay is not a pose.
GameStop has scrapped CEO Ryan Cohen's potential $35 billion pay deal — at his request. The Chewy cofounder wants to focus on turning around GameStop and acquiring eBay, the company said.
GameStop (NYSE:GME | GME Price Prediction) has reinvented itself into a cash-rich holding company rather than a brick-and-mortar gaming retailer, and the market is still struggling to price what that means.
The company sold those shares not too long ago, building capital for its next move. Assuming it follows through on the purchases, investors can only be left to wonder what's going on.
GameStop is rated Strong Buy with a $27.68 12-month price target, driven by record Q1 operating income and robust cash reserves. GME's $8.4B cash position covers most of its market cap, offering significant downside protection and acquisition optionality. Collectibles now comprise 42% of sales, driving margin expansion and repositioning GME away from declining physical games.
Shares of GameStop (NYSE:GME | GME Price Prediction) are up 9% to $22.79 on Wednesday morning, snapping back from a brutal stretch after the video game retailer posted its highest quarterly net income on record and approved a fresh $2 billion buyback.