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. (NYSE: GME) generates frequent news across corporate finance, executive compensation, quarterly performance, and gaming-related partnerships. As a multichannel video game, consumer electronics, and collectibles retailer with operations in the United States, Canada, Australia, and Europe, its announcements often reflect both its retail footprint and capital markets activity.
News about GameStop includes earnings releases detailing net sales, gross profit, operating income, non-GAAP metrics, and segment performance by region. These updates are typically furnished via press releases and Form 8-K filings, giving investors insight into trends in net sales, SG&A expenses, asset impairments, interest income, and the impact of digital asset holdings such as Bitcoin on reported results.
GameStop also issues transaction and capital structure news, such as the pricing and expansion of 0.00% Convertible Senior Notes due 2032 and the declaration and distribution of warrants to shareholders and convertible noteholders. These items describe how the company raises capital, the terms of its convertible securities, and how warrants tied to its Class A common stock are structured and traded.
Another recurring theme in GME news is governance and compensation. The company has disclosed a 100% performance-based CEO Performance Award, structured as a nonqualified stock option with vesting tied to market capitalization and cumulative performance EBITDA hurdles, subject to stockholder approval. Filings and press releases also cover executive employment agreements and related equity awards.
From a brand and customer perspective, GameStop appears in partnership and marketing headlines, such as its collaboration with Cineverse on an immersive campaign for the film Return to Silent Hill, where participating stores host digital experiences and promotional items linked to the movie. For investors and followers of the gaming industry, monitoring GME news provides visibility into its financial performance, capital decisions, and role in gaming and entertainment promotions.
GameStop Corp. (GME) reported Q4 and FY 2021 results, achieving net sales of $2.254 billion for Q4, up from $2.122 billion in Q4 2020. For FY 2021, net sales increased to $6.011 billion compared to $5.090 billion in FY 2020. The company plans to launch an NFT marketplace by Q2 FY22 and has expanded brand partnerships in the PC gaming sector. Additionally, GameStop raised over $1.67 billion in capital, eliminated most long-term debt, and ended the year with $1.271 billion in cash. A conference call is scheduled for March 17, 2022.
GameStop Corp. (NYSE: GME) will report its fourth quarter and full year fiscal 2021 results on March 17, 2022, after market close. An investor conference call is scheduled for 5:00 PM ET that same day. Investors can access the call via GameStop’s investor relations website or by calling 877-451-6152 with the confirmation code 13725350. A recording of the call will be available online post-event.
GameStop Corp. (NYSE: GME) has partnered with Immutable X to launch a fund totaling $100 million in IMX tokens for granting creators in the NFT space. This collaboration will enable Immutable X to serve as a layer-2 partner for GameStop's upcoming NFT marketplace, scheduled to launch later this year. Additionally, GameStop may receive up to $150 million in IMX tokens upon meeting specific milestones. For creators interested in joining GameStop’s NFT marketplace, applications are open via their website.
GameStop Corp. (GME) reported strong financial results for the third quarter ending October 30, 2021, with net sales reaching $1.297 billion, an increase from $1.005 billion in the previous year. The growth was driven by new brand partnerships, including Samsung and LG. The company's inventory also rose to $1.141 billion to meet customer demand. Cash and cash equivalents stood at $1.413 billion, and GameStop has minimal debt, with only a $46.2 million loan. A new $500 million ABL facility was secured, enhancing liquidity and reducing borrowing costs.
GameStop Corp. (NYSE: GME) announced it will release its third quarter fiscal 2021 earnings results on December 8, 2021, after market close. An investor conference call is scheduled for 5:00 pm ET on the same day to discuss the results. Participants can access the call by dialing 877-451-6152 with confirmation code 13725350. Additional details and supplemental information will be available on GameStop's investor relations website.
GameStop Corp. (NYSE: GME) announced a new $500 million global asset-based revolving credit facility, aimed at enhancing liquidity and financial flexibility. This five-year facility replaces the previous $420 million facility set to expire in November 2022. The new agreement, which was oversubscribed, offers reduced borrowing costs, lighter covenants, and increased flexibility, reflecting improved investor confidence. Wells Fargo Bank, N.A. acted as Lead Arranger for this significant financing step.
GameStop Corp. (NYSE: GME) plans to hire up to 500 employees at a new customer service center in Pembroke Pines, Florida. The facility is expected to be operational by the end of 2021 and will enhance the Company's U.S.-based customer care operations. This move reflects GameStop's commitment to improving customer service and operational efficiency, which can potentially lead to better customer satisfaction and retention.
GameStop Corp. (NYSE: GME) reported second-quarter financial results for the period ending July 31, 2021, generating net sales of $1.183 billion, up from $942 million in the previous year. The company ended the quarter with $1.78 billion in cash and no long-term debt, aside from a $47.5 million low-interest loan. GameStop is investing in growth initiatives, including a new 530,000 sq. ft. fulfillment center in Reno, Nevada, and a customer care center in Pembroke Pines, Florida.
GameStop Corp. (NYSE: GME) will report its second quarter fiscal 2021 earnings after market close on September 8, 2021. An investor conference call is scheduled for 5:00 pm ET on the same day to discuss the financial results. Access to the call and supplementary information will be available on GameStop's investor relations website. Investors can join the conference call by dialing 877-451-6152 with the confirmation code 13722703. The call will also be archived for two months on the company's site.
GameStop Corp. (NYSE: GME) has announced plans to rebrand EB Games in Canada, with the transition to the GameStop brand expected to be completed by year-end. This decision was made in response to customer and shareholder feedback. GameStop, headquartered in Grapevine, Texas, is a major specialty retailer known for offering games and entertainment products through both its e-commerce platforms and physical stores.
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