Welcome to our dedicated page for Gamestop news (Ticker: GME), a resource for investors and traders seeking the latest updates and insights on Gamestop stock.
GameStop Corp. Class A (symbol: GME) is a leading global retailer specializing in video games, consumer electronics, and wireless services. With a robust presence spanning over 7,500 stores in 14 countries including the United States, Canada, Europe, and Australia, GameStop is dedicated to providing both new and pre-owned technologies to its customers.
GameStop's diverse portfolio includes well-known brands such as GameStop, EB Games, Micromania, and Kongregate. The company also publishes Game Informer, one of the world's top video game magazines. These brands collectively offer a comprehensive range of products from physical and digital video game software to hardware accessories and pop culture collectibles.
GameStop’s core business revolves around making popular technologies affordable and accessible. The company aims to innovate continuously, delivering new gaming experiences and consumer electronics to enthusiasts worldwide. They offer a unique blend of in-store and online shopping experiences through their extensive retail network and advanced e-commerce sites.
Recent advancements include the transitioning towards a more digitally focused business model to cater to the evolving market trends. GameStop is also expanding its product line-up to include consumer electronics and wireless services, ensuring they remain at the forefront of technological advancement.
Financially, GameStop has shown resilience in a competitive market, leveraging its extensive retail network and online presence to maintain steady revenue streams. Partnerships with leading technology and gaming companies further strengthen its market position, ensuring a consistent supply of the latest and most demanded products.
With a commitment to innovation, convenience, and value, GameStop continues to be a beloved destination for gaming and technology enthusiasts. Whether you are in search of the latest game releases, hardware, or collectibles, GameStop promises a welcoming and engaging shopping experience.
GameStop Corp. (NYSE: GME) has announced plans to pursue the sale of its operations in France and Canada as part of an evaluation of its international assets. The announcement represents a significant strategic move that could reshape the company's international presence.
The company has provided an email address (M&A@gamestop.com) for inquiries regarding this potential sale. The announcement includes standard cautionary statements regarding forward-looking statements, noting that actual results may differ from current expectations.
GameStop (NYSE: GME) has released its Q3 2024 financial results, reporting net sales of $0.860 billion, down from $1.078 billion in the prior year's quarter. The company achieved a net income of $17.4 million, improving from a $3.1 million loss in the same period last year. SG&A expenses decreased to $282.0 million from $296.5 million year-over-year.
The company's cash position stands at $4.616 billion. During the quarter, GameStop completed its at-the-market equity offering, selling 20.0 million shares for gross proceeds of approximately $400.0 million. The company stated it does not anticipate further at-the-market offerings during the current fiscal year.
GameStop (NYSE: GME) has announced it will release its third quarter fiscal 2024 financial results after market close on Tuesday, December 10, 2024. The company will provide detailed financial performance information for the period in this upcoming earnings release.
GameStop Corp. (NYSE: GME) has announced the appointment of Nat Turner to its Board of Directors. Turner currently serves as the Chairman and CEO of Collectors Holdings, Inc. The appointment represents a strategic addition to GameStop's leadership structure.
GameStop Corp. (NYSE: GME) has announced a collaboration with Collectors, through its Professional Sports Authenticator (PSA) division. As part of this partnership, GameStop will become an authorized PSA dealer, offering authentication and grading services for trading cards at select GameStop stores across the United States.
PSA is recognized as the world's largest and most trusted provider of trading card and autograph authentication and grading services. This collaboration aims to expand GameStop's offerings in the collectibles market and provide customers with access to professional grading services.
Customers can visit the GameStop website for a store locator and details on the GameStop/PSA submission process. For more information about PSA's authentication and grading services, interested parties can visit the PSAcard.com website.
GameStop Corp. (NYSE: GME) has completed its previously announced 'at-the-market' equity offering program. The company successfully sold 20,000,000 shares of its common stock, raising aggregate gross proceeds of approximately $400 million before commissions and offering expenses. This follows GameStop's September 10, 2024 filing of a prospectus supplement with the U.S. Securities and Exchange Commission for the ATM Program.
The company plans to use the net proceeds for general corporate purposes, which may include acquisitions and investments. This move represents a significant capital raise for GameStop, potentially strengthening its financial position and providing resources for future growth initiatives.
GameStop Corp. (NYSE: GME) has released its second quarter 2024 financial results. Key highlights include:
- Net sales of $0.798 billion, down from $1.164 billion in Q2 2023
- SG&A expenses of $270.8 million (33.9% of net sales), compared to $322.5 million (27.7%) last year
- Net income of $14.8 million, improving from a $2.8 million loss in Q2 2023
- Cash, cash equivalents, and marketable securities totaling $4.204 billion at quarter-end
The company did not hold a conference call but directed stockholders to review the Form 10-Q for detailed information.
GameStop Corp. (NYSE: GME) has announced the release date for its second quarter fiscal 2024 results. The company will report its financial performance after the market closes on Tuesday, September 10, 2024. This announcement is a standard practice for publicly traded companies, providing investors and analysts with a specific date to anticipate the release of important financial information. The results will likely include key metrics such as revenue, earnings per share, and potentially guidance for future quarters. Investors and market watchers will be keen to analyze these results to gauge GameStop's performance and future prospects in the evolving gaming and retail landscape.
GameStop Corp. (NYSE: GME) announced a rescheduling of its virtual annual meeting of stockholders. Initially planned for June 13, 2024, at 10:00 a.m. CDT, the meeting was adjourned due to technical difficulties with the third-party hosting site. The new meeting time is set for June 17, 2024, at 11:30 a.m. CDT and can be accessed at meetnow.global/MT244SG.
GameStop (NYSE: GME) announced the completion of its at-the-market (ATM) equity offering program, initially disclosed on June 7, 2024. The company sold the maximum 75,000,000 shares, garnering approximately $2.137 billion in gross proceeds. The funds will be utilized for general corporate purposes, including potential acquisitions and investments. This development follows the filing of a prospectus supplement with the U.S Securities and Exchange Commission.
FAQ
What is the current stock price of Gamestop (GME)?
What is the market cap of Gamestop (GME)?
What does GameStop Corp. do?
Where can I find GameStop stores?
What brands are included in the GameStop family?
Does GameStop offer both new and pre-owned products?
Is GameStop only a physical store?
What are some recent developments at GameStop?
How is GameStop performing financially?
What type of products does GameStop sell?
What is Game Informer?
How can I contact GameStop Investor Relations?
