On the same day Ryan Cohen went on a podcast and told listeners to bet against GameStop, he was quietly signing off on a very different kind of statement with the SEC.
GameStop‘s (NYSE:GME | GME Price Prediction) president, CEO, and board chair, Ryan Cohen, filed a Form 4 on October 13, 2026. It reported two open-market purchases of GameStop Class A stock made that same day: 844,130 shares worth $22.8 million. Also on October 13, The Pomp Podcast published an episode with Cohen as the named guest. On the episode, he called his GameStop investment a mistake and told the audience to “Bet against us.”
The stock barely responded. GameStop opened at $27.71 on October 14.
Inside the Form 4: Two Purchases With No Trading Plan Behind Them
Both trades carry transaction code P, which means an open-market purchase. Cohen bought 67,130 shares at $26.75 and 777,000 shares at $27.00. After the trades, he held 42,492,652 shares directly. Table II, the section where warrants and other derivatives would show up, is empty.
Cohen left one box on the form unchecked. Insiders check it when a trade runs under a pre-arranged plan (a Rule 10b5-1 plan), which schedules purchases months ahead and gives the insider a legal defense against trading-on-inside-information claims. The box is blank, so these were discretionary purchases. A planned trade can reflect a decision made months earlier in a different market. A discretionary one shows what Cohen chose to do at these prices, on that day.
Mistake at Entry, Conviction Now
On The Pomp Podcast, Cohen said, “Investing in GameStop was a screw up.” He also said that “when you’re in a position where there’s no exit hatch, that’s when greatness is achieved.” Asked about his legacy, he answered: “Turning around GameStop.”
One reading is plain regret about how he got into the company. The second reading is a contrarian joke from someone who sees himself as stuck with GameStop yet committed to it. The filing supports the second reading. Someone who regrets a position does not add $22.8 million to it at their own discretion.
Paying Up After a Big Run Brings Its Own Risks
Cohen bought into strength, near the stock’s 52-week high. Shares rose 13.2% over the past week, 28.7% over the past month, and 38.6% year to date. Over five years, they are still down 39.5%. BeInCrypto, via Yahoo Finance, counts $97 million in reported purchases since September 10, with the first purchase priced at about $20. It also puts his holding at 46.2 million shares, or roughly 9.1% of the company, including warrants. This figure differs from the direct holding reported on the Form 4.
Dilution is the weak spot. BeInCrypto reports that an August debt-for-stock swap added about 55.5 million new shares, roughly 12% of the count at the time. GameStop also lists its proposed acquisition of eBay (NASDAQ:EBAY) as an execution risk. If a renewed eBay bid used cash and stock, it would dilute the stake Cohen is building.
Should Shareholders Give More Weight to the Filing or the Podcast?
The filing, a sworn SEC disclosure of a discretionary $22.8 million purchase, says more than a joke made on a podcast. What it shows is Cohen’s conviction, though, and that is no guarantee of returns. The trigger to check is GameStop’s next 8-K on eBay. If it involves paying partly in stock, Cohen will be diluting his own position, and his buying looks less like discipline. A close below $26.75 would put his newest shares underwater.
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Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME) shares are rising Monday to a fresh 52-week high. Here’s what you need to know.
GameStop shares are testing new highs. What’s behind GME new highs?
Monday’s trading range of $26.82 to $27.02 clears the old 52-week high of $26.88, set May 1. Over the past year, GameStop has ranged from a low of $17.79. The stock has gained around 27%.
Insider Buying Keeps Investors Interested in GameStopOn Thursday, October 8, GameStop jumped more than 4% while investors digested a run of insider purchases and eyed a looming warrant deadline. The Nasdaq lost 1.59% and the S&P 500 dropped 0.67% that day, so GameStop outpaced the market.
CEO Ryan Cohen spent about $17.1 million on 700,000 shares on October 2, after making several multimillion-dollar purchases in September. Nat Turner, a director, picked up 10,462 shares on October 1, and Lawrence Cheng, another director, bought 55,000 shares in September. Such buying can reflect management’s faith in the company’s long-term path, but it offers no guarantee of future gains.
In October 2025, GameStop issued warrants to eligible shareholders, one per 10 shares owned on the record date. Each warrant gives its holder the right to buy a common share at $32 until it expires October 30. With the stock still under $32, using a warrant costs more than simply buying shares in the market. Warrants still unused on October 30 become worthless, and the nearing cutoff could pull in more trading.
GameStop Stock Presses Into Key ResistanceThe stock last changed hands just below the $27.00 resistance level, with support sitting at $22.50. The rally followed a slide from the May 1 high to the August 20 low of $17.79.
Monday’s gain places shares over their 20-day average of $24.13, 50-day average of $20.98 and 200-day average of $22.36. The 20-day line sits above the 50-day, but the 50-day still trails the 200-day. That combination signals firmer short-term momentum inside a longer-term downtrend.
GME Shares Are ClimbingGME Price Action: GameStop shares were up 1.05% at $26.84 at the time of publication on Monday. The stock is trading near its 52-week high of $26.88, according to Benzinga Pro.
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Akcie GameStop za poslední měsíc vzrostly o 35 % na 25,63 USD, zatímco Ryan Cohen a čtyři členové představenstva akcie nakupovali, aniž by došlo k jedinému prodeji.
Ryan Cohen and four GameStop directors spent a month buying shares at steadily higher prices, which sounds bullish until you see what that signal actually costs a buyer trying to follow them in now.
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Insiders at GameStop (NYSE:GME | GME Price Prediction) spent the past month buying the company’s shares on the open market, and the filings recorded no sales at all. GameStop stock trades at $25.63, up 35% over that stretch, a run that left the rest of the video game industry well behind.
Meanwhile, Take-Two Interactive (NASDAQ:TTWO) stock fell 6% over the month, heading the opposite way from GameStop stock. Roblox (NYSE:RBLX) shares rose 7%, a modest advance by comparison.
Also, the VanEck Video Gaming and eSports ETF (NASDAQ:ESPO), which counts GameStop, Take-Two and Roblox among its holdings, rose 2% over the month. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) gained less than 1%. With both the gaming fund and the broad market barely moving, the rally in GameStop shares rested on the company’s own story.
Cohen and Four Directors Bought Into Strength Securities and Exchange Commission Form 4 filings showed that every insider transaction recorded at GameStop over the past month was an open-market purchase. Ryan Cohen, the company’s chairman, president and chief executive officer, was the largest buyer, and his biggest single purchase in the window was 700,000 shares in early October. Directors Nat Turner, Alain Attal, James Grube and Lawrence Cheng bought alongside him over the same stretch.
Cohen and the directors paid steadily higher prices as the month went on, from below $19 per share in the earliest GameStop trades to above $24 on Cohen’s early October buy. That pattern showed the insiders repeatedly buying into strength as GameStop stock rose. Each purchase locked in a costlier entry than the last, a choice that reflected conviction about the company.
Why Cohen’s Purchases Earn a Qualified No Cohen’s purchases offer only a qualified signal about GameStop. Cluster insider buying with no matching sales was a genuine signal, because Cohen and the directors faced no obligation to act and committed their own money at rising prices.
What the signal leaves out is timing and a price. Form 4 filings disclose insider trades after they happen, and by the time the GameStop filings were public, the move they accompanied had already run a long way. A buyer following the insiders into GameStop stock at $25.63 would spend more per share than Cohen paid on his 700,000-share purchase in early October.
What to Watch Next Shareholders can watch for whether GameStop’s next reported results follow the insider buying, since purchases establish belief and only reported numbers can confirm value, so the company’s own figures may carry more weight than any further Form 4 filing. Strong figures would back the insiders’ read on GameStop, while soft ones could leave the month’s gain exposed.
Investors should adjust their holdings carefully, given that GME stock has already climbed 35% in a single month and traded above the prices insiders paid. Because GameStop stock moved apart from Take-Two, Roblox and the gaming fund, your exposure to the name carries company-specific risk that your broader gaming holdings may not offset.
The insider record gave GameStop a real show of confidence from the people closest to the business. The filings came out after much of the run. Your share positions in GME stock should reflect that the next move will likely depend on what the company reports.
Contact [email protected] for any questions or corrections.
Ryan Cohen koupil 1 milion akcií GameStop za vlastní peníze; ve stejném týdnu nakoupili i tři ředitelé. Tržby ve čtvrtletí klesly o 18,7 % na 790,2 milionu USD.
Ryan Cohen just wrote a personal check for a million shares of his own struggling company, and three directors bought the same week. When a CEO puts tens of millions of his own money in while quarterly sales crater, the…
Ryan Cohen wrote a personal check for a million shares of his own company. The filing dated September 10, 2026 shows the purchase at $20.3759 per share, and a director bought the same day. The stock settled the most recent session at $24.04, up 5.62%.
GameStop (NYSE:GME | GME Price Prediction) sales keep sliding while a proposed takeover of eBay (NASDAQ:EBAY), a business several times its size, sits on the risk-factor page of the last 8-K. Open-market purchases with personal money are the most informative signal any insider can send. A chief executive writing a check for tens of millions while quarterly revenue falls almost 19% is likely seeing something the market hasn’t priced in yet.
Three directors bought in the same window: Lawrence Cheng, 55,000 shares at $18.7992 on September 8, James Grube, 10,255 at $19.12 on September 9, and Alain Attal, 5,000 at $20.00 on September 10.
Insider sells have a dozen reasons. Insider buys have one. A purchase at a higher price than the last one carries even more information.
GameStop’s eBay Situation The Q2 FY2027 8-K, filed September 8, 2026, discloses approximately 43.4 million shares of eBay common stock valued at approximately $4.9 billion and continues to reference the proposed acquisition of eBay in forward-looking risk factors.
The word that matters is proposed. The bid has never been formally withdrawn, and the company still flags that it may not be completed.
Revenue in the most recent quarter came in at $790.2 million, down 18.7% year over year, yet operating income jumped to $160.2 million, up 141.27%. Gross margin expanded to 43.7% from 29.1%.
Collectibles hit $356.3 million, up 57%, and now make up 45.1% of net sales. Video games fell to $263.2 million from $494.6 million.
However, I’d ignore the headline net income. It was flattered by a $166.3 million derivative gain tied to eBay and dinged by a $75 million loss on digital assets.
Balance Sheet, Guidance, and the Trigger Against a market cap of $12.13 billion, GameStop carries $4.85 billion in cash and a $4.9 billion eBay position. A meaningful share of the equity value sits in marketable securities rather than in store operations.
Management raised the fiscal 2026 Adjusted EBITDA outlook to in excess of $650 million from in excess of $600 million. The trigger is a formal withdrawal of the eBay bid, a definitive agreement, or another Cohen buy at a price above $20.3759.
Bull and Bear Case for GME Stock Bull: a chief executive spending real money on his own stock in a coordinated cluster with directors, a collectibles category growing fast enough to reshape the mix, record operating income for the period, and an investment portfolio no other specialty retailer can match.
Bear: total sales are still falling, the crypto position introduces volatility unrelated to the business, and the eBay bid may quietly evaporate into a passive stake that never becomes a deal.
The deciding variable is whether collectibles growth can outrun the legacy business’s decline before the market decides the eBay stake is just an expensive hedge fund position wrapped in a retailer.
Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME – Get Free Report) Director Alain Attal purchased 17,500 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of $22.97 per share, for a total transaction of $401,975.00. Following the transaction, the director owned 618,964 shares of the company’s stock, valued at $14,217,603.08. This trade represents a 2.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alain Attal also recently made the following trade(s):
On Thursday, September 10th, Alain Attal acquired 5,000 shares of GameStop stock. The stock was purchased at an average price of $20.00 per share, with a total value of $100,000.00. GameStop Trading Up 0.8% Shares of GameStop stock opened at $22.82 on Tuesday. The firm has a 50-day simple moving average of $20.05 and a two-hundred day simple moving average of $21.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 8.07 and a current ratio of 8.72. GameStop Corp. has a fifty-two week low of $17.79 and a fifty-two week high of $28.10. The company has a market cap of $11.51 billion, a P/E ratio of 15.01 and a beta of 1.72.
GameStop (NYSE:GME – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The firm had revenue of $790.20 million for the quarter, compared to analysts’ expectations of $756.85 million. During the same period last year, the firm earned $0.31 EPS. The company’s quarterly revenue was down 18.7% on a year-over-year basis. Institutional Investors Weigh In On GameStop Several institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in shares of GameStop by 805.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock valued at $45,000 after acquiring an additional 2,014 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of GameStop in the second quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GameStop in the fourth quarter worth approximately $54,000. Shenkman Capital Management Inc. purchased a new stake in shares of GameStop during the fourth quarter worth approximately $60,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of GameStop during the first quarter worth approximately $60,000. 29.21% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about GameStop Here are the key news stories impacting GameStop this week:
Positive Sentiment: CEO Ryan Cohen purchased 1,150,680 GameStop shares at an average price of $22.94, investing approximately $26.4 million. The purchase increased his stake by 2.92% to 40.5 million shares, a potentially bullish signal that management believes the company is undervalued or has further turnaround potential. Ryan Cohen GameStop insider trading information Positive Sentiment: Jim Cramer said GameStop is a buy, citing its profitability, cash reserves, recent performance and ongoing turnaround efforts. Although the comments were made on September 17, their publication may reinforce bullish sentiment among retail investors. Jim Cramer on GameStop Neutral Sentiment: Speculation that retail trader Keith Gill, known online as “Roaring Kitty,” may be active again helped draw attention to GME. However, the speculation is based on an unverified account and does not represent a confirmed business catalyst. Roaring Kitty GameStop speculation Neutral Sentiment: Broader market futures were higher ahead of an anticipated U.S.-China summit, providing a generally supportive market backdrop but no company-specific fundamental change for GameStop. Market futures and GameStop stocks in focus Negative Sentiment: GameStop’s longer-term investment case remains dependent on executing its turnaround. Quarterly revenue had previously declined year over year, meaning the stock’s current support relies heavily on profitability, cash holdings, insider buying and investor sentiment rather than sustained sales growth. Wall Street Analyst Weigh In GME has been the subject of a number of recent analyst reports. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of GameStop in a report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, GameStop has a consensus rating of “Hold”.
View Our Latest Stock Report on GameStop
About GameStop (Get Free Report)
GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.
Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.
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Ryan Cohen koupil dalších 1,150,680 akcií GameStop za zhruba 26,4 milionu USD a jeho přímý podíl přesáhl 40 milionů akcií. Nákup proběhl bez předem naplánovaného programu.
GameStop Corp. (NYSE:GME) chairman and CEO Ryan Cohen went back to the open market Monday, pushing his personal position in the video game retailer past 40 million shares.
GME stock is moving. See the chart and price action here. The Buy – DetailsA Form 4 filed with the SEC Monday shows Cohen bought 1,150,680 shares of GameStop Class A common stock the same day, at a weighted average price of $22.9375 per share. The trades filled between $22.76 and $23.02, putting the day’s outlay at roughly $26.4 million.
Cohen now directly owns 40,498,522 shares, worth about $922 million at Monday’s close of $22.76. The filing carries no Rule 10b5-1 designation, meaning the purchase was not made under a pre-scheduled plan — a detail retail traders have learned to watch closely since Cohen’s stake helped ignite the 2021 meme-stock squeeze.
Cohen Really Likes the StockThe buy extends a run of insider accumulation that began earlier this month. Cohen picked up one million shares on Sept. 10 at an average near $20.38, roughly a $20.4 million ticket, and three directors — Lawrence Cheng, James Grube and Alain Attal — added shares in the same week.
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Monday’s purchase came at a price more than 12% above where Cohen was buying 11 days earlier, a notable shift for a buyer who has historically stepped in on weakness.
The backdrop is a business leaning harder on collectibles. GameStop’s second-quarter adjusted earnings of 27 cents per share beat the 19 cent consensus, and operating income of $160.2 million marked a company record for the period even as revenue fell 18.7% year-over-year to $790.2 million. Management lifted full-year adjusted EBITDA guidance above $650 million.
Still unresolved is Cohen’s pursuit of eBay Inc. (NASDAQ:EBAY), whose board rejected GameStop’s roughly $56 billion cash-and-stock offer at $125 per share as “neither credible nor attractive.” GameStop has said it intends to keep pressing.
Why It MattersAt a $10.2 billion market cap, Cohen’s direct stake is roughly 9% of the company, and every open-market add tightens an already reflexive float. For traders, unplanned CEO buying at rising prices is the cleaner signal here.
GME Price Action: GameStop shares closed up 0.53% at $22.76 on Monday and were tradeing 2.37% higher at $23.30 after hours, according to Benzinga Pro market data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Key Takeaways Investors can see insider buys as a big positive concerning confidence in the longer-term outlook.Keep in mind that insiders' holding periods are longer than most, and many strict rules apply.UBER, GME, and CELH have all recently seen their CEOs step up with their own capital. Uber Technologies (UBER - Free Report) CEO Dara Khosrowshahi recently made a big splash, purchasing 141k shares at an average price of roughly $70.96 per share. The transaction totaled just over $10 million, with the CEO now holding roughly 1.4 million shares.
The sizable purchase comes amid continued business strength, with its latest quarterly results revealing robust growth and impressive cash generation.
Uber Continues to Deliver Strong GrowthUber’s latest quarterly results were positive across the board, with Gross Bookings climbing 24% YoY to $58 billion and revenue jumping 12% to $14.2 billion. Trips similarly grew by a rock-solid 18% YoY to 3.9 billion, with Monthly Active Platform Consumers rising 16%.
Profitability also improved, with adjusted EBITDA jumping 33% YoY to $2.8 billion, while operating income climbed an even stronger 40%. Free cash flow came in at $2.8 billion, with trailing twelve-month FCF exceeding $10 billion for the first time in the company’s history.
The company’s growth also remains broad-based, with Mobility Gross Bookings climbing 22% YoY and Delivery Gross Bookings jumping 26%. Overall, the latest results show Uber continuing to benefit from growing platform activity while translating its strong top-line momentum into improving profitability and cash generation.
EPS revisions have remained on a bullish trajectory as of late, reflecting a strong backdrop for near-term momentum.
Image Source: Zacks Investment Research
Other Recent CEO PurchasesUber isn’t alone in seeing its CEO step up, as GameStop (GME - Free Report) and Celsius Holdings (CELH - Free Report) have similarly seen their top executives deploy capital as of late.
GameStop CEO Ryan Cohen recently purchased 1 million shares at an average price of roughly $20.38 per share. The transaction totaled nearly $20.4 million, with Cohen now directly holding more than 39.3 million GME shares.
Celsius CEO John Fieldly similarly put capital at play, purchasing 18k shares at an average price of roughly $27.44 per share. The transaction totaled just under $500k, with Fieldly now directly holding more than 956k CELH shares.
Bottom Line
Many investors closely monitor insider buys, seeking insights into the longer-term picture. The transactions shouldn’t be relied on for near-term performance, as insiders’ holding periods are longer than most, and many strict rules apply.
Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook.
All stocks above – Uber Technologies (UBER - Free Report) , GameStop (GME - Free Report) , and Celsius Holdings (CELH - Free Report) – have seen recent CEO buying activity.
GameStop Corp. (NYSE:GME – Get Free Report) CEO Ryan Cohen purchased 1,000,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $20.38 per share, with a total value of $20,380,000.00. Following the completion of the purchase, the chief executive officer directly owned 39,347,842 shares of the company’s stock, valued at $801,909,019.96. The trade was a 2.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
GameStop Stock Performance GameStop stock opened at $21.11 on Friday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 13.89 and a beta of 1.72. GameStop Corp. has a 12 month low of $17.79 and a 12 month high of $28.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 11.91. The stock’s 50-day moving average is $20.03 and its 200-day moving average is $21.98.
GameStop (NYSE:GME – Get Free Report) last issued its earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $790.20 million during the quarter, compared to analysts’ expectations of $756.85 million. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The company’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS.
Hedge Funds Weigh In On GameStop A number of institutional investors have recently added to or reduced their stakes in GME. AQR Capital Management LLC grew its stake in shares of GameStop by 312.2% during the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock valued at $623,000 after acquiring an additional 22,297 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of GameStop by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock worth $5,851,000 after acquiring an additional 65,325 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of GameStop by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock worth $25,255,000 after acquiring an additional 94,892 shares in the last quarter. American Century Companies Inc. boosted its holdings in GameStop by 6.5% in the second quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock valued at $865,000 after purchasing an additional 2,162 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after purchasing an additional 886 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock. Key Headlines Impacting GameStop Here are the key news stories impacting GameStop this week:
Positive Sentiment: CEO and Chairman Ryan Cohen purchased 1 million GameStop shares at an average price of approximately $20.38, committing about $20.4 million and raising his direct ownership to more than 39.3 million shares. The purchase is being viewed as a significant vote of confidence in GME’s valuation and strategy. GameStop CEO insider purchase Positive Sentiment: Director Alain Attal bought 5,000 shares for $100,000, increasing his stake to 601,464 shares. The purchase adds to a recent cluster of insider buying, including Director James Grube’s acquisition of 10,255 shares for roughly $196,000. Alain Attal GameStop share purchase Positive Sentiment: GameStop announced that select previously closed stores are reopening nationwide. The move suggests management sees potential for improved retail traffic and demand, while recent collectibles growth offers a possible avenue for diversification beyond traditional video-game sales. GameStop store reopenings Neutral Sentiment: An analyst rating upgrade described GameStop as more interesting following its earnings and insider activity, but broader analyst coverage remains cautious, with the average rating still at Hold. GameStop rating upgrade Negative Sentiment: GameStop’s latest quarterly revenue of $790.2 million exceeded estimates, and EPS matched consensus at $0.27, but revenue declined 18.7% year over year and EPS fell from $0.31. Weak software and hardware sales continue to challenge the turnaround, while analysts question whether collectibles growth can offset the contraction. GameStop earnings and outlook Analysts Set New Price Targets Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Research Report on GameStop
About GameStop (Get Free Report)
GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.
Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.
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Ryan Cohen koupil 1 milion akcií GameStop za zhruba 20,4 milionu USD a jeho přímý podíl tak vzrostl na 39 347 842 akcií, v hodnotě asi 800 milionů USD. Nákup přišel dva dny po výsledcích hospodaření, které překonaly odhady.
GameStop Corp. (NYSE:GME) CEO Ryan Cohen just added another eight-figure bet on his own company.
A Form 4 filed with the U.S. Securities and Exchange Commission on Thursday shows that Cohen purchased 1 million shares of GameStop Class A common stock in an open-market transaction earlier that same day.
GME stock is climbing. See the chart and price action here. Cohen Likes the Stock The purchase price ranged from $20.02 to $20.47 per share per share, with a weighted average of roughly $20.38, and Cohen’s total daily outlay came to about $20.4 million.
Following the trade, Cohen directly holds 39,347,842 GME shares, a stake worth roughly $800 million at current prices.
Including warrants tied to underlying shares, his exposure climbs to about 43,082,626 shares. No Rule 10b5-1 trading plan accompanied the purchase, meaning Cohen made the call in real time rather than through a pre-set schedule.
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The buy landed two days after GameStop posted second-quarter results that beat estimates on both lines. Adjusted earnings per share came in at 27 cents versus a 19-cent consensus, while revenue of $790.2 million topped forecasts even as it fell 18.7% year over year.
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Operating income hit $160.2 million, the strongest second quarter in company history, driven by a 57% surge in collectibles sales. Management also raised full-year adjusted EBITDA guidance to above $650 million.
Cohen was not the only insider adding shares this week. Board member Lawrence Cheng purchased 55,000 shares on Sept. 8, spending roughly $1.03 million at an average price near $18.80, which lifted his declared stake to 143,000 shares.
Director James Grube bought 10,255 shares on Sept. 9 near $19.12, and Lead Independent Director Alain Attal picked up 5,000 shares on Sept. 10, the same day as Cohen’s purchase, at roughly $20 each.
Four insiders buying in a single week marks an unusually broad show of confidence from GameStop’s board.
Cohen’s insider buying comes against the backdrop of his unresolved pursuit of eBay Inc. (NASDAQ:EBAY). GameStop offered $125 per share for the e-commerce giant in a roughly $56 billion cash-and-stock deal back in May, only to see eBay’s board reject the bid as “neither credible nor attractive."
GameStop has since pledged to keep pursuing the deal, though details on next steps remain thin.
Retail traders have closely watched Cohen’s personal stock activity since his early involvement sparked the 2021 meme-stock rally.
This latest purchase reinforces his standing as GameStop’s largest shareholder while signaling confidence heading into a stretch defined by the eBay standoff and a business increasingly leaning on collectibles rather than traditional game sales.
GME Stock Price Activity: GameStop stock was up 4.07% at $21.22 during premarket trading Friday, according to Benzinga Pro market data.
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GameStop znovu otevírá vybrané zavřené prodejny po celé zemi, jen pár dní po zveřejnění výsledků za 2. čtvrtletí. Tržby sice klesly na 790,2 milionu USD, ale překonaly odhad.
GameStop Corp. (NYSE:GME) stock is trending Friday after the company announced Thursday that select closed stores are reopening nationwide starting today, coming just days after its second-quarter earnings report.
GameStop stock is among today’s top performers. What’s fueling GME momentum? GameStop Revives Select Locations Amid Retail ResetGameStop posted on X, “Your local GameStop is back. Select closed stores are now reopening nationwide starting September 11,” signaling a notable reversal after the company shuttered hundreds of locations over the past two years as part of a broader cost-cutting and diversification strategy. GameStop’s U.S. store count has fallen from more than 2,900 in early 2024 to under 1,600 as the retailer shifted focus toward collectibles, trading cards and its balance sheet.
The reopening announcement suggests the company may be finding a more stable footprint after years of consolidation, though GameStop has not detailed which locations are affected or how many stores will reopen.
Mixed Q2 Results Amid Strategic ShiftGameStop reported second-quarter results on September 8, with adjusted earnings per share of 27 cents, in line with the consensus estimate. Quarterly revenue fell to $790.2 million from $972.2 million a year earlier, which the company attributed to the absence of a Nintendo Switch 2 launch tailwind, ongoing store closures and the sale of its French business — though the figure still beat the consensus estimate of $756.85 million.
By category, collectibles revenue rose to $356.3 million from $227.6 million a year earlier, while video game sales fell to $263.2 million from $494.6 million, and pre-owned and refurbished product sales declined to $170.7 million from $250 million. GameStop ended the quarter with $5.4 billion in total cash, cash equivalents, marketable securities, digital assets, and related receivables, and held approximately 43.4 million shares of eBay common stock.
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GameStop Shares Trade HigherGME Price Action: At the time of publication, GameStop shares are trading 3.87% higher at $21.18, according to data from Benzinga Pro.
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GameStop ve 2. čtvrtletí vykázal upravený EPS 27 centů v souladu s odhady a výnosy 790,2 milionu USD, nad konsensem 756,85 milionu USD. Firma zároveň snížila dlouhodobý dluh na zhruba 2,8 miliardy USD po splacení 1,4 miliardy USD konvertibilních dluhopisů.
GameStop Corp. (NYSE:GME) is trending following the past month which kicked off with the company reportedly considering pulling its bid for eBay and closed with second-quarter earnings.
The eBay Bid ReconsiderationThe past month opened on August 10 with a Bloomberg report that GameStop CEO Ryan Cohen was considering withdrawing the company’s $56 billion bid for eBay in favor of a potential partnership or joint venture instead. Under the alternative proposal, eBay would leverage GameStop’s roughly 1,600 U.S. retail locations, potentially helping both companies expand market share in higher-margin categories such as trading cards and collectibles. GameStop, which held a 9.8% stake in eBay at the time, would also seek board representation as part of any such partnership. The report noted GameStop had not made a final decision and could still pursue other options.
Q2 Results Highlight Debt Moves, eBay StakeGameStop reported second-quarter results on September 8. Adjusted earnings per share came in at 27 cents, in line with the consensus estimate. Quarterly revenue fell to $790.2 million from $972.2 million a year earlier, which GameStop attributed to the absence of a Nintendo Switch 2 launch tailwind, ongoing store closures and the sale of its French business — though the figure still beat the consensus estimate of $756.85 million.
As of August 1, GameStop held approximately 43.4 million shares of eBay common stock with a fair value of approximately $4.9 billion. The company also disclosed on September 3 that it completed exchanges retiring approximately $1.4 billion in convertible notes, reducing total long-term debt to approximately $2.8 billion.
GameStop Shares Trade FlatGME Price Action: At the time of publication, GameStop shares are trading 0.65% higher at $20.02, according to data from Benzinga Pro.
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GameStop čeká ve 2. fiskálním čtvrtletí 2026 pokles tržeb na 780 až 800 milionů USD, ale provozní zisk má vyskočit na 150 až 170 milionů USD. Těží hlavně ze zisku z podílu v eBay a omezení dalšího ředění akcií.
Buy GME. The earnings math is being propped up by the eBay stake, and the convertible note overhang just got capped (fixed share count + cash). With consensus already aligned to the preliminary ranges, the likely catalyst is management commentary that confirms the eBay acquisition path without new dilution surprises. Upside is a rerating from “financial engineering” to “de-risked capital structure,” especially with implied post-earnings volatility already high.
Key Risk: Management signals more dilution is coming (new equity issuance or a worse-than-expected acquisition funding plan).
eBay (EBAY)
Buy EBAY. GameStop’s proposed acquisition at $125/share is a direct valuation floor for EBAY, and the market is focused on whether the deal closes and how it’s funded. If GME’s earnings confirm deal momentum and financing certainty, EBAY should catch a deal-support bid even before any final regulatory/closing headlines.
Key Risk: The acquisition is delayed, renegotiated lower, or blocked, removing the $125/share support.
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.
GameStop attributed the decline to a tough comparison against last year’s Nintendo Switch 2 launch, planned store closures, and the divestiture of its France operations.
The same release flagged operating income of $150 million to $170 million and net income of $290 million to $310 million, both well above the prior year.
Despite falling sales, GameStop expects operating income of $150 million to $170 million, more than double the $66.4 million posted a year ago, and net income of $290 million to $310 million versus $168.6 million last year.
The jump is largely financial engineering rather than retail strength.
GameStop converted its eBay derivative position into a direct equity stake during the quarter, and now holds roughly 43.4 million eBay shares worth close to $4.95 billion.
That stake generated about $238 million in net gains, partly offset by a roughly $75 million loss on digital assets and related receivables.
Wall Street’s consensus EPS of $0.27 already reflects most of this.
A day before the preliminary results, GameStop also amended its $1.4 billion convertible note exchange, first announced in early August.
Instead of an open-ended, share-price-linked stock swap tied to a 35-day trading window, the company fixed the terms: noteholders received about 55.5 million shares plus $358.4 million in cash, capping further dilution.
The exchange closed around September 3, leaving roughly $2.8 billion of convertible notes outstanding.
That certainty on share count matters more than usual right now, given GameStop’s proposed acquisition of eBay at $125 a share, payable in cash and stock, which will likely need further equity issuance down the line.
Ahead of the print, analysts have penciled in adjusted earnings per share of $0.27 on revenue of roughly $756.85 million, according to estimates tracked by TipRanks and other Street-facing platforms.
Both figures sit inside the ranges GameStop itself flagged in its preliminary release, which is why analysts widely expect Tuesday’s print to confirm rather than surprise.
The bigger swing factor, in their view, is management’s forward commentary rather than the historical numbers.
GME shares closed at $19.16 on Friday, just above their 52-week low of $17.79, and have traded a roughly flat-to-down path over the past week.
The options market is pricing a swing of around 9% in either direction post-earnings, well above the stock’s 6.6% average move over the past four quarters.
Pro GameStop bude důležitější, co Ryan Cohen udělá s více než 7 miliardami USD hotovosti, než samotné tržby za čtvrtletí. Firma oznámí výsledky za fiskální 2. čtvrtletí po úterním uzavření burzy.
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 (NYSE:GME | GME Price Prediction) reports fiscal second quarter results Tuesday after the close. With shares down 4.58% year to date and a cash pile north of $7 billion, the reaction will hinge less on the P&L than on what Ryan Cohen does with the balance sheet.
Cash Deployment Now Matters More Than Comps In Q1 FY2026 revenue rose to $835.3 million, up 14% year over year, with gross margin expanding to 40.7% from 34.5% as collectibles became the largest category at $348.9 million, or 41.8% of sales. SG&A came down to $201.6 million, and interest income from the securities portfolio added another $83.7 million.
The board authorized a fresh $2.0 billion share repurchase program running through June 2, 2029, and GAAP results included a $268.4 million unrealized gain on derivative positions tied to a proposed acquisition of eBay (NASDAQ:EBAY). Management doesn’t typically hold a call or provide guidance, so investors read the release, the 10-Q, and the stock reaction.
Consensus Estimates Sell-side coverage on GME is thin. Alpha Vantage shows just one EPS analyst and one revenue analyst for the quarter, which is why the estimate ranges collapse to a single number.
Metric Q2 FY2026 Est. Prior Year FY2027 Est. EPS $0.27 $0.25 $1.30 Revenue $756.85M $972.2M $3.90B The quarterly EPS estimate has been revised up from $0.23 sixty days ago.
Core Retail, Cash Pile, and the eBay Overhang There are four things worth watching in this report. First, the collectibles trajectory. Trading cards and authentication have been the reason gross margin scaled from the low 30s into the 40s, and any deceleration matters more than a hardware miss.
Second, the revenue figure itself. Comparable Q2 FY2025 revenue was inflated by a $592.1 million hardware and accessories quarter, and international divestitures in Canada, France, and New Zealand continue to compress the top line. You want to see whether the decline is decelerating on a like-for-like basis.
Third, cash deployment. With roughly $8 to $9 billion in cash and securities, any progress on the $2.0 billion buyback, an update on the proposed eBay transaction, and the mark on the Bitcoin position (recently valued in the $519 to $529 million range) will move the stock more than operating metrics.
Fourth, the warrants. The 59 million warrants at a $32.00 exercise price expire October 30, 2026, and with the stock at $19.16, they are well out of the money. Any commentary on the $3.75 billion in convertible notes is fair game.
A Retail-Positioning Stock With a Balance Sheet Problem to Solve GME trades on retail sentiment as much as fundamentals, and moves have historically been large in both directions. Even with four straight beats, the average day-of reaction has been negative at -1%. The question this quarter is whether Cohen shows how the war chest gets deployed, or leaves the market to keep guessing.
Contact [email protected] for any questions or corrections.
GameStop ve 2. čtvrtletí vykázal tržby 790,2 mil. USD, které překonaly odhady, a upravený zisk na akcii 27 centů byl v souladu s očekáváním. Tahounem byly Collectibles s růstem tržeb o 57 % meziročně.
GameStop Corp. (NYSE:GME) reported financial results for the second quarter before the market open on Tuesday. Here’s a rundown of the report.
GameStop stock is trending. What’s the outlook for GME shares? GameStop Q2 HighlightsGameStop reported second-quarter revenue of $790.20 million, beating analyst estimates of $756.85 million, according to Benzinga Pro. The company reported adjusted earnings of 27 cents per share for the quarter, in line with analyst estimates.
Total revenue was down approximately 18.72% on a year-over-year basis, driven by the prior-year launch of Nintendo Switch 2, planned store closures and the divestiture of the company’s France operations.
Beginning this quarter, GameStop started reporting net sales in three categories (Collectibles, Video Games, and Pre-Owned and Refurbished). Here’s a breakdown of revenue by category:
Collectibles: $356.3 million, up from $227.6 million year-over-year Video Games: $263.2 million, down from $494.6 million year-over-year Pre-Owned and Refurbished: $170.7 million, down from $250 million year-over-year The Collectibles category stood out with 57% year-over-year growth, representing 45.1% of total net sales in the period.
Operating income totaled $160.2 million in the quarter, representing the highest second quarter operating income in company history. The strong operating performance prompted GameStop to raise its fiscal 2026 adjusted EBITDA outlook to “in excess” of $650 million, up from a prior outlook of more than $600 million.
GameStop said it ended the quarter with $5.4 billion in total cash, cash equivalents, marketable securities, digital assets and related receivables. The company noted that it held approximately 43.4 million shares of eBay common stock at quarter’s end.
GME Shares Move Higher TuesdayGME Price Action: GameStop shares were up 1.10% on Tuesday, trading at $19.37 at the time of publication, according to Benzinga Pro.
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Člen správní rady GameStop Lawrence Cheng koupil 55 000 akcií za 1 milion USD a zvýšil svůj podíl o 62 %. Nákup přišel ve stejný den, kdy firma oznámila výsledky za fiskální druhé čtvrtletí končící 1. srpna.
Board of Directors member Lawrence Cheng reported a purchase of 55,000 shares of GameStop Corp. (GME -1.41%) in an SEC Form 4 filing dated September 8, 2026.
Transaction summaryMetricValueTransaction value$1.0 millionShares purchased (indirectly held)55,000Post-transaction shares (indirectly held)143,000Post-transaction value$2.70 millionTransaction value based on SEC Form 4 weighted average purchase price ($18.80); post-transaction value based on September 08, 2026 market close ($18.89).
Key questionsWhat does the 62% trade size relative to prior holdings suggest?
The transaction substantially expands the director's exposure through Cheng Capital LLC, moving the total position from 88,000 shares to 143,000 shares. This represents a concentrated increase in equity risk by the reporting owner.How does the transaction price compare to recent market levels?
Lawrence Cheng executed the purchase at $18.80 per share, slightly below the $18.89 market close on the same day. As of the September 8, 2026 market close, the stock was priced at $19.37.What is the nature of the insider's equity position?
The entirety of the reported position is held indirectly through Cheng Capital LLC. After the transaction, the insider's ownership percentage of the specialty retailer is 0.0319%.Does the filing include any derivative activity?
The filing was restricted to the acquisition of Class A Common Stock. There was no reporting of stock options, restricted stock units, or other derivative instruments in this specific transaction.Company OverviewMetricValueShare Price (as of market close 2026-09-08)$19.37Market Capitalization$8.7 billionRevenue (TTM)$3.6 billionNet Income (TTM)$893.3 millionCompany SnapshotGameStop Corp. operates as a specialty retailer offering new and pre-owned video game consoles, gaming software, accessories including controllers and headsets, virtual reality equipment, as well as collectibles and other entertainment products across physical stores and online platforms in the United States, Canada, Australia, and Europe.The company generates revenue through the sale of collectibles, gaming hardware, software, and accessories across its omnichannel retail network, leveraging both e-commerce capabilities and brick-and-mortar locations to serve collectors, gaming enthusiasts and casual consumers.GameStop's primary customer base consists of hobbyists and collectors, video game enthusiasts, console gamers, and entertainment consumers seeking both new releases and pre-owned products, with a focus on the mass-market collectibles and gaming demographic across developed markets.GameStop Corp. operates as a prominent specialty retailer in the consumer cyclical sector with a market cap of $8.7 billion. The company maintains a diversified product portfolio spanning collectibles, gaming hardware, software, and accessories, positioning itself as a destination retailer for specialty and entertainment products across multiple geographic markets.
With trailing 12-month revenue of $3.6 billion, GameStop demonstrates substantial scale within the specialty retail segment, though the company has experienced a one-year share price decline of 18.65% reflecting broader market dynamics in the retail sector.
What this transaction means for investorsThe Sept. 8 purchase of GameStop shares by Board of Directors member Lawrence Cheng signals his strong confidence in the stock, considering he increased his stake by a whopping 62%. He bought on the same day the company announced earnings results for its fiscal second quarter ended Aug. 1.
GameStop stock dropped on Sept. 8, and Cheng scooped up 55,000 shares for $18.80 per share. That's near the stock's 52-week low of $17.79 reached in August.
GameStop shares are down because the company reported fiscal Q2 sales of $790.2 million, a steep decline from the prior year's $972.2 million. Revenue fell due to store closures and the divestiture of its operations in France.
Perhaps Cheng's bullish outlook is because the company's shift toward a collectibles business is succeeding. GameStop's Q2 collectibles revenue reached $356.3 million compared to $227.6 million in the previous year.
The company also raised its full-year outlook. Moreover, news reports suggest GameStop's attempt to acquire eBay has transitioned towards a potential partnership instead, with the e-commerce giant possibly using GameStop's physical stores as a new channel to sell products.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends eBay. The Motley Fool has a disclosure policy.
GameStop čeká za 2. čtvrtletí čistý zisk 290 až 310 milionů USD, ale asi 238 milionů USD z něj tvoří zisky z podílu v eBay. Tržby mají klesnout o 18 % až 20 % na 780 až 800 milionů USD.
GameStop's eBay investment delivered $238 million in gains, masking a steep decline in core retail sales ahead of Sept. 8 earnings Summary
GameStop expects Q2 net income of $290 million to $310 million as its $4.95 billion eBay stake offsets an 18% to 20% sales decline
GameStop GME enters its Sept. 8 earnings report with a profit surge driven more by its investment portfolio than its video game stores.
Preliminary results show fiscal second-quarter net income of $290 million to $310 million, up from $168.6 million a year earlier. However, roughly $238 million in net gains came from GameStop's equity stake and derivative positions in eBay (EBAY). A $75 million loss on digital assets partly offset those returns.
Investment gains drive GameStop profitAs of Aug. 1, GameStop owned 43.4 million eBay shares valued at $4.95 billion. The position has made eBay's stock performance a major driver of GameStop's earnings.
GameStop sells games, consoles, collectibles and merchandise through stores and online. The company became a meme stock in 2021, but its retail business has continued contracting as game purchases move online and management closes weaker locations.
That pressure remained visible. Quarterly sales are expected to fall to between $780 million and $800 million from $972.2 million last year, a decline of roughly 18% to 20%. Store closures, the sale of GameStop's French operations and a difficult comparison with last year's Nintendo Switch 2 launch weighed on revenue.
Operating income is expected to reach $150 million to $170 million, up from $66.4 million. Investors must separate sustainable operating improvement from market gains that could reverse if eBay shares weaken.
What GameStop investors should watchGameStop ended the first quarter with $8.4 billion in cash and marketable holdings and authorized a $2 billion buyback program through June 2029. It also used $358.4 million in cash and stock to exchange convertible notes and limit future dilution.
For investors, the Sept. 8 report is about earnings quality. The key questions are whether retail margins are improving, how management will deploy its investment portfolio and whether GameStop is becoming a stronger retailer or primarily an investment vehicle attached to a shrinking business.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
GameStop v předběžných výsledcích za 2. čtvrtletí očekává čistý zisk 290 až 310 milionů USD, hlavně díky zisku z podílu v eBay. Část výsledku ale srazila ztráta 75 milionů USD ze znehodnocení digitálních aktiv a souvisejících pohledávek.
Shares of GameStop Corp. (NYSE:GME) are trading modestly higher Wednesday morning. Investors continue to process the company’s preliminary second-quarter financial update released on August 31.
The stock is finding a floor ahead of its official earnings presentation scheduled for September 8, supported by disclosures of investment income stemming from its equity position in online marketplace giant eBay Inc.
Here’s what investors need to know.
GameStop stock is trading near recent lows. What should traders watch with GME? Preliminary Q2 Earnings Boosted By eBay Equity GainsIn its preliminary disclosure on August 31, GameStop projected second-quarter net income between $290 million and $310 million, up significantly from $168.6 million in the prior-year quarter, alongside operating income of $150 million to $170 million.
Bottom-line expansion was largely driven by approximately $238 million in net gains generated after converting a derivative structure into a direct holding of 43.4 million shares of eBay common stock, valued at roughly $4.95 billion as of August 1.
These equity gains were partially offset by a $75 million impairment loss across the company’s digital assets and related receivables.
Liquidity Profile, Debt Restructuring and Macro HeadwindsGameStop ended the period with cash, cash equivalents and marketable securities between $5.05 billion and $5.07 billion. Concurrently, management announced the settlement of $358 million in convertible notes, leaving approximately $2.8 billion in aggregate long-dated notes outstanding.
As Chief Executive Officer Ryan Cohen continues redirecting GameStop’s balance sheet toward active corporate investment strategies, traders are balancing the company’s $10 billion combined cash and equity position against broader market volatility, where the 10-year Treasury yield hovering near 4.81% on Wednesday morning continues to pressure equity valuations across retail and growth sectors.
GME Shares Edge Higher WednesdayGME Price Action: GameStop shares were trading higher by 0.96% at $18.99 at the time of publication on Wednesday, according to Benzinga Pro data.
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GameStop čeká ve 2. čtvrtletí pokles tržeb na 780 až 800 milionů USD kvůli uzavírání obchodů a prodeji francouzských aktivit. Loni činily 972,2 milionu USD.
GameStop (GME.N) said on Monday it expects second-quarter net sales to decline due to planned store closures and the sale of its France operations.
The videogame retailer expects quarterly net sales in the range of $780 million to $800 million on a preliminary basis, compared with $972.2 million reported a year ago.
Still, GameStop's shares rallied 5% in premarket trading after the company said it would pay about 27% of a previously announced $1.4 billion debt exchange through cash on hand instead of issuing new stock. That would prevent shareholders from suffering more dilution.
GameStop has been pursuing a high-profile takeover of the much larger eBay (EBAY.O) and has built a nearly 10% stake in the online auction site even after suffering a rejection in May. Bloomberg News reported earlier this month it could pull the bid and instead focus on a partnership or venture with the e-commerce company.
While the takeover proposal attracted significant attention on Wall Street and among retail investors, it drew widespread skepticism from analysts, who questioned how GameStop would finance the acquisition and highlighted the limited overlap between the companies' core businesses.
GameStop said it expects cash, cash equivalents and marketable securities to be in the range of $5.05 billion to $5.07 billion, compared with $8.69 billion at the close of the prior year's second quarter.
It expects quarterly net income between $290 million and $310 million, versus $168.6 million reported a year earlier.
Net income for the quarter includes about $238 million in net gains stemming from the eBay derivative asset and equity investment, partially offset by a loss of roughly $75 million on digital assets and related receivables.
GameStop, which has shifted focus from traditional hardware sales toward trading cards and collectibles, is scheduled to report its second-quarter results on September 8.
GameStop zvažuje stažení nabídky na převzetí eBay za 56 miliard USD a místo toho partnerství nebo společný podnik. Ryan Cohen by chtěl využít zhruba 1 600 amerických prodejen GameStop.
GameStop Corp. (NYSE:GME) and eBay Inc. (NASDAQ:EBAY) are trending after a report that GameStop is considering withdrawing its $56 billion takeover bid for eBay in favor of a potential partnership or joint venture instead.
GameStop shares are trending higher. What’s pushing GME stock higher? From Takeover to Partnership?According to Bloomberg, GameStop CEO Ryan Cohen is weighing a proposal that would let eBay leverage GameStop’s roughly 1,600 U.S. retail locations, potentially helping both companies gain market share in high-margin categories such as trading cards and collectibles. As one of eBay’s largest shareholders, GameStop would also seek board representation as part of any such partnership. GameStop hasn’t made a final decision, and Cohen could still pursue other options, according to people familiar with the matter who spoke to Bloomberg on condition of anonymity.
Since GameStop’s initial offer in May, its stock has fallen 28% while eBay’s has climbed 7.6%. The original $125-a-share proposal was structured as 50% cash and 50% GameStop common stock. As of July 15, GameStop owned 9.75% of eBay, making it the company’s second-largest shareholder behind Vanguard Group funds.
Backdrop: Cash Reserves, Shrinking Retail, Investor ExitGameStop has approximately $8.4 billion in cash that could be deployed toward a deal, though its own market value has fallen to $8.6 billion. The takeover pursuit followed a series of major changes at GameStop, which has shrunk its physical retail footprint as gamers increasingly shifted to buying software online.
Notably, investor Michael Burry said he exited his entire GameStop position after the eBay bid was announced, citing concerns about the debt GameStop could take on to fund the deal.
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eBay, GameStop Stock Move In Opposite DirectionsPrice Action: At the time of publication, eBay shares are trading 1.25% lower at $110.58 and GameStop shares are trading 2.71% higher at $19.68, according to data from Benzinga Pro.
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GameStop varuje, že někteří držitelé dluhopisů mohou během 35 obchodních dnů kolem 3. srpna 2026 obchodovat s GME, což může ovlivnit cenu akcie. Firma mění zhruba 400 mil. USD dluhu za akcie a 1 mld. USD dluhu za akcie.
GME stock is dropping. See the chart and price action here. GameStop’s $1.4B Note-For-Stock SwapGameStop entered privately negotiated agreements to swap roughly $400 million of its Convertible Senior Notes due 2030 and $1 billion of its Convertible Senior Notes due 2032 for shares of Class A common stock.
No cash changes hands — the company simply retires debt by handing over equity instead. The catch is in how many shares are handed over and who’s incentivized to move the stock while that number is being calculated.
GameStop said the share count “will be based in part on the average volume-weighted average price of the Common Stock over a 35 consecutive trading day reference period beginning on August 3, 2026, subject to a per share price floor.”
In plain terms: for the next 35 trading sessions, into early September, GME’s average price directly determines how many new shares get printed.
A Built-In Incentive to Short GMEHere is where the hedging language comes in.
GameStop explicitly warned that “some or all of the Existing Noteholders that participate in the Exchange may purchase or sell shares of Common Stock in open market transactions or enter into or unwind various derivative transactions with respect to Common Stock to hedge or unwind their investments in the Exchange Notes.”
The company added that “these activities could increase or decrease the market price of the Common Stock or the Exchange Notes, the effect of which may be material.”
GameStop gave the warning because noteholders now have a built-in incentive to short GME or trade options against it during the VWAP window, since a lower average price could work in their favor depending on how the exchange terms are structured relative to the price floor.
The debt exchange is expected to close around Sep. 23, 2026, meaning this dynamic has weeks to play out.
For a stock already down double digits Monday, that’s a technical overhang worth tracking independent of the eBay headlines — and one that could keep GME choppy heading into the fall regardless of what happens with Cohen’s takeover push.
GME Stock Price Activity: GameStop stock was down 13.84% at $18.71 at the time of publication Monday, according to data from Benzinga Pro.
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eBay stock is trading at elevated levels. Where is EBAY stock headed? According to a regulatory filing made late Friday, GameStop now owns 43.4 million shares of eBay, representing a 9.8% stake in the company — a sharp increase from the 5% economic stake CEO Ryan Cohen initially disclosed when he approached eBay’s board in May. GameStop acquired more than 3.5 million shares for $381.3 million between June 8 and June 15, followed by roughly 39 million additional shares through put/call pairs on June 17.
Cohen Vows to Pursue eBay DealGameStop submitted a non-binding proposal on May 3 to acquire all outstanding eBay shares it doesn’t already own for $125 per share in a cash-and-stock deal, valuing the transaction at approximately $56 billion. eBay’s board rejected the offer, calling it “neither credible nor attractive.”
Despite the rejection, GameStop has continued building its position and reaffirming its intent to pursue the deal, with Cohen stating he intends to acquire the platform “one way or another.” The proposed transaction remains non-binding and would be subject to negotiation, financing, regulatory approvals, and stockholder votes from both companies.
GameStop, eBay Shares Trade FlatPrice Action: At the time of publication, GameStop shares are trading 0.05% higher at $21.90 and eBay shares are trading 0.84% higher at $113.00, according to data from Benzinga Pro.
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GameStop dál usiluje o převzetí eBay, přestože eBay dříve odmítla nabídku za 56 miliard USD. Ryan Cohen říká, že chce z obou firem vytvořit podnik za 1 bilion USD.
GameStop CEO Ryan Cohen said Thursday (July 16) that the company continues to pursue an acquisition of eBay, Bloomberg reported Thursday.
In an interview with Bloomberg TV, Cohen declined to say whether he planned to raise his offer for the company but said “we’re coming for eBay one way or another,” according to the report.
EBay rejected a $56 billion offer from GameStop earlier this year, the report said.
Cohen said Thursday that he aims to turn the combined company into a $1 trillion business, in part by building a digital marketplace for video game items, taking advantage of synergies between the companies’ collectibles businesses, and using GameStop locations as hubs for authenticating trading cards, per the report.
“The pro forma company is going to be investment grade,” Cohen said.
PYMNTS reported May 3 that GameStop announced that it had submitted a nonbinding proposal to acquire 100% of eBay and that following closing, Cohen would serve as CEO of the new combined company.
In a letter to eBay, GameStop said that eBay had spent $2.4 billion on sales and marketing during fiscal year 2025 and added just 1 million net active buyers. GameStop pledged to cut around $1.2 billion in sales and marketing costs as part of $2 billion in annual cost reductions within 12 months of closing.
On May 12, PYMNTS reported that eBay rebuffed GameStop’s $56 billion acquisition offer and called the proposal “neither credible nor attractive.”
EBay said in an announcement that its board had reviewed the surprise takeover bid and decided to reject it based on eBay’s “standalone prospects,” “uncertainty” on how the deal would be financed, and the impact of the bid on its long-term profitability and growth.
GameStop said in a June 26 press release that its “leadership team remains focused on advancing the proposed acquisition of eBay” and that “additional materials regarding the proposed transaction are forthcoming.”
On July 7, GameStop said in a press release that its stockholders approved an increase in the number of authorized shares of Class A common stock and that this amendment “provides the Company with the capacity to issue common stock in connection with strategic acquisitions, including its proposed acquisition of eBay, Inc.”
Uber Eats rozšiřuje doručování mimo jídlo a nově přidává GameStop i Foot Locker. Zákazníci si přes aplikaci mohou objednat hry, konzole, oblečení i obuv z více než 1 000 poboček v USA.
Uber Eats has continued its expansion into deliveries of goods beyond meals by forming partnerships with gaming retailer GameStop and three footwear, apparel and accessories retail brands affiliated with Foot Locker.
With GameStop joining the Uber Eats marketplace, customers can use Uber Eats to order video games, gaming consoles, accessories and collectibles from GameStop locations across the United States and have them delivered on demand or at a scheduled time, Uber Technologies said in a Wednesday (July 15) press release.
GameStop said in a Wednesday post on X: “What’s your excuse for buying digital now?”
Hashim Amin, head of grocery and retail for Uber in North America, said in the release: “Adding GameStop to Uber Eats strengthens our growing gaming and electronic selection, giving customers access to another trusted retailer they can shop with the speed and convenience they know from Uber.”
Another new partnership has added Foot Locker, Kids Foot Locker and Champs Sports to the Uber Eats marketplace. This allows consumers to use the Uber Eats app to order footwear, apparel and accessories from the retail brands’ more than 1,000 locations across the U.S. and have them delivered on demand or at a scheduled time, Foot Locker said in a Thursday (July 16) press release.
Ashley Chiang, senior director of strategy at Foot Locker, said in the release that Foot Locker is “focused on giving customers more ways to shop with speed and convenience” and that the new partnership provides “another seamless way for them to access the products they love, especially during key shopping moments like back-to-school season.”
Uber’s Amin said in the release that the partnership “brings some of the world’s most iconic athletic brands to our marketplace and gives customers another fast, convenient ways to shop the products they love.”
The Uber Eats marketplace now includes thousands of storefronts across grocery, convenience, beauty, home improvement, office supplies, pet supplies, electronics and other categories, according to the Wednesday press release.
“Uber Eats has become the place consumers turn to for whatever they need, whether it’s dinner tonight or a last-minute pair of sneakers,” Amin said in the Thursday press release.
It was reported in September 2025 that Uber was seeing its non-restaurant deliveries grow faster than expected and that the company had added 1,000 new retailers to its delivery service in the first nine months of 2025.
PYMNTS reported in May that Uber Technologies increasingly resembles a sprawling mobility and logisticsplatform. The company aims to orchestrate airport rides, hotel reservations, restaurant delivery, retail shoppingand eventually autonomous fleets.
GameStop čeká ve fiskálním roce 2026 upravená EBITDA přes 600 milionů USD, proti 345,4 milionu USD v roce 2025. Firma zároveň pokračuje v přípravě navrhované akvizice eBay.
GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that, for the fiscal year ending January 30, 2027 ("fiscal year 2026"), the Company currently expects to generate Adjusted EBITDA in excess of $600 million, compared to Adjusted EBITDA of $345.4 million in fiscal year 2025.
GameStop's leadership team remains focused on advancing the proposed acquisition of eBay, Inc. ("eBay"). Additional materials regarding the proposed transaction are forthcoming.
A Current Report on Form 8-K furnishing the Company's fiscal year 2026 outlook has been filed with the Securities and Exchange Commission and is available at www.sec.gov and on the Company's investor relations website at investor.gamestop.com.
NON-GAAP MEASURES AND OTHER METRICS
As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles ("GAAP"), GameStop may use certain non-GAAP measures, including adjusted EBITDA. Adjusted EBITDA is a supplemental financial measure of the Company’s performance that is not required by, or presented in accordance with, GAAP. We believe that the presentation of this non-GAAP financial measure provides useful information to investors in assessing our core operating performance, financial condition and results of operations. We define adjusted EBITDA as net income before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs (including severance and other costs), business divestitures, asset impairments, gain (loss) on digital assets and related receivables, unrealized gain (loss) on derivative assets, and other non-cash charges. Net income is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include:
certain items excluded from adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, results of operations or cash flows; adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; and our computations of adjusted EBITDA may not be comparable to other similarly titled measures of other companies. We compensate for the limitations of adjusted EBITDA as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA is provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA may be defined and determined differently by other companies in our industry, our definitions of this non-GAAP financial measure may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.
With regards to forward-looking guidance for adjusted EBITDA, we are not able to reconcile the forward-looking non-GAAP measure of adjusted EBITDA to the closest corresponding GAAP measure, net income, without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items.
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of terms such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "pro forma," "seeks," "should," "will" or similar expressions. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: the performance of our business and our ability to generate earnings in line with our guidance; economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season and on the popularity and sale of trading cards; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; how the Company incorporates artificial intelligence into workflows and processes, including customer-facing and operational activities, and challenges with properly managing its use; the Company’s ability to manage its profitability and cost reduction initiatives; the Company’s ability to complete its proposed acquisition of eBay Inc.; changes in senior management or the Company’s ability to attract and retain qualified personnel; the Company is highly dependent on the services of the Company’s Chairman of the Board and Chief Executive Officer, Ryan Cohen; if the grant of a 100% performance-based nonqualified stock option award (the “CEO Performance Award”) to Mr. Cohen is not approved by the Company’s stockholders or if the Company is unable to adequately incentivize Mr. Cohen to maintain his focus and priorities on the Company, the Company's ability to execute on its strategy and achieve its growth goals may be adversely impacted; the CEO Performance Award, if and to the extent the stock options associated become vested and are exercised, would result in dilution to the Company’s stockholders and could impact the Company’s stock price; potential damage to the Company’s reputation or customers' perception of the Company; the Company's ability, or the ability of the third parties with whom we work, to maintain the security of our information technology systems or data (including customer, associate or Company information); the Company's compliance with stringent and evolving laws and other obligations related to data privacy and security; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; changes to tariff and import/export regulations; potential litigation and other legal proceedings; the value of the Company's investment holdings; concentration of the Company's investment portfolio into one or fewer holdings; the recognition of losses in a particular investment even if the Company has not sold the investment; the execution and timing of share repurchases, if any, under the share repurchase authorization; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; the issuance of common stock upon the exercise of the warrants declared as part of the October 7, 2025 distribution to the holders of record of the Company's Class A common stock and holders of the Convertible Notes, in the form of warrants to purchase shares of common stock (the “Warrants”), may depress our stock price; future issuance of additional warrants may adversely affect the market price of the Warrants and the market price of the Company’s common stock; the Warrants do not automatically exercise, and any Warrant that is not exercised prior to their expiration date will lose all financial value; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to generate sufficient cash flow to fund its operations; the $1.5 billion 0.00% Convertible Senior Notes due 2030 (the “Convertible 2030 Notes") and $2,250.0 million 0.00% Convertible Senior Notes due 2032 (the "Convertible 2032 Notes" and, collectively with the Convertible 2030 Notes, the "Convertible Notes") are the Company’s obligations only, and substantially all of our operations are conducted through, and a portion of our consolidated assets are held by, our subsidiaries; servicing the Convertible Notes requires a significant amount of cash, and the Company may not have sufficient cash flow from our business to make such payments, and we may incur additional indebtedness in the future; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on Company’s financial results; the Company's investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stable coins, and to the extent the Company holds Bitcoin or U.S. dollar denominated stable coins, the Company will be exposed to certain risks associated with Bitcoin or stable coins, respectively; the Company’s derivative strategy can expose it to counterparty risk; and the Company’s ability to maintain effective internal control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the Securities and Exchange Commission and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). Forward-looking statements contained in this Press Release speak only as of the date of this Press Release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Preliminary Financial Information
We report our financial results in accordance with U.S. generally accepted accounting principles. All projected financial information in this Press Release is preliminary. These estimates are not a comprehensive statement of our financial position and results of operations. There is no assurance that the Company will achieve its forecasted results within the relevant period or otherwise. Actual results may differ materially from these estimates as a result of actual quarter-end results, the completion of normal quarter-end accounting procedures and adjustments, including the execution of our internal control over financial reporting, the completion of the preparation and management’s review of our financial statements for the relevant period and the subsequent occurrence or identification of events prior to the filing of our financial results for the relevant period with the Securities and Exchange Commission.
No Offer or Solicitation
This communication relates to a business combination involving GameStop and eBay that has been proposed by GameStop (the “Proposed Transaction”). This communication is for informational purposes only and is neither an offer to sell or purchase, nor the solicitation of an offer to buy or sell, any securities (or the solicitation of any proxy or vote with respect to any matter), nor shall there be any sale or purchase, issuance or other transfer of securities (or the solicitation of any proxy or other vote) with respect to the Proposed Transaction or otherwise in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Certain Information Regarding Participants
GameStop and its directors and certain of its executive officers may be considered participants in the solicitation of proxies in connection with the Proposed Transaction, should the Proposed Transaction and any such solicitation occur. Information about the directors and executive officers of GameStop is set forth in GameStop’s definitive proxy statement for the 2026 Annual Meeting of Stockholders to be held July 7, 2026 at 10:00 a.m. CDT, which was filed with the SEC on May 22, 2026 (as supplemented from time to time, the “2026 Proxy Statement”), which is available here, including under the headings “Proposal 1: Election of Directors”, “Director Nomination Process”, “The Director Nominees”, “Director Nominee Qualifications and Experience”, “Biographies of Director Nominees”, “The Board of Directors”, “Corporate Governance”, “Director Compensation”, “Executive Officers”, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters”, “Compensation Committee Interlocks and Insider Participation”, “Proposal No. 2: Advisory Vote on Executive Compensation”, “Compensation Discussion and Analysis”, “Offer Letters and Severance/Change in Control Benefits”, “Compensation Committee Report on Executive Compensation”, “Executive Compensation Tables”, “CEO Pay Ratio”, “Pay Versus Performance”, “Equity Grant Practices”, “Securities Authorized for Issuance Under Equity Compensation Plans”, “Audit Committee Matters”, “Certain Relationships and Related Transactions”, “Proposal 4: Approval of CEO Performance Award”, “Summary of the Proposed CEO Performance Award”, “Reasons for Approval of the CEO Performance Award”, “Market Capitalization Hurdles with Cumulative Performance EBITDA Hurdles Create Real Value for Stockholders”, “Background of the CEO Performance Award”, “Key Terms of the Proposed CEO Performance Award”, “Other Details Regarding the Proposed CEO Performance Award”, “The Compensation Committee’s Assessment of the CEO Performance Award”, “Practical Implications of the CEO Performance Award” and “Appendix A: CEO Performance Award Agreement”. To the extent holdings of such persons in the Company’s securities have changed since the amounts described in the 2026 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information can also be found in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the SEC on March 24, 2026, which is available here.
As of the date hereof, GameStop directly beneficially owns 4,343,725 shares of common stock of eBay, par value $0.001 per share (the “Common Stock”), and has further entered into the long-side of a series of American-style put/call option transactions (the “Put/Call Pairs”), expiring February 23, 2028, with an unaffiliated financial institution counterparty that provide economic exposure to a further 39,046,658 shares of Common Stock. The Put/Call Pairs were only settleable in cash until such time as GameStop provided the unaffiliated financial institution counterparty with reasonable evidence that all applicable filings had been made and any applicable waiting periods had expired or approvals had been received, as applicable, under the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act Condition”). On June 3, 2026, the HSR Act Condition was satisfied, and as a result, GameStop (in the case of the call portion of the Put/Call Pairs) and the unaffiliated financial institution counterparty (in the case of the put portion of the Put/Call Pairs) electing to settle the Put/Call Pairs now have the option, but not the obligation, to elect for physical settlement of the shares of Common Stock underlying such Put/Call Pairs in lieu of cash settlement. GameStop does not have voting power or dispositive power with respect to the shares of Common Stock underlying such Put/Call Pairs unless and until such Put/Call Pairs are physically settled for Common Stock. On May 3, 2026, GameStop delivered to the board of directors of eBay a non-binding proposal to acquire all of the outstanding Common Stock that it does not already own at a price of $125 per share of Common Stock, to be paid in a combination of cash and GameStop common stock. As a result of the foregoing, GameStop may be deemed to have direct or indirect interests with respect to eBay that are in addition to, or different from, those of other eBay shareholders.
Further information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any proxy statement/prospectus and/or other relevant materials to be filed with the SEC in connection with the Proposed Transaction when they become available.
Disclaimer
Any information concerning eBay contained in this communication has been taken from, or based upon, publicly available information. Although GameStop does not have any information that would indicate that any information contained in this communication that has been taken from such documents is inaccurate or incomplete, GameStop does not take any responsibility for the accuracy or completeness of such information. To date, GameStop has not had access to the books and records of eBay.
Ryan Cohen stáhl návrh odměny za 35 miliard USD, aby se soustředil na ozdravení GameStopu a pokus o koupi eBay. GameStop má tento týden zveřejnit další detaily.
Ryan Cohen is the CEO of GameStop. GameStop GameStop CEO Ryan Cohen is so determined to buy eBay that he's taken his own $35 billion pay deal off the table.
Cohen has withdrawn the proposed compensation package because he wants to fully focus on revitalizing GameStop's business and acquiring eBay, GameStop said in a press release on Tuesday.
Cohen has reiterated his intention to acquire the online marketplace in recent days, despite the target being more than five times larger than GameStop, with a market value of $48 billion, and eBay rejecting Cohen's cash-and-stock offer in May.
Chewy's billionaire cofounder explained his interest in the tie-up during an episode of the "All-In" podcast released on Tuesday.
He highlighted the opportunity to cut eBay's bloated costs; to make it a big player in live commerce by using GameStop's roughly 1,600 US stores to fulfill orders and serve as studios for content creators; and to expand into digital collectibles by creating a marketplace for digital items in video games.
Cohen also said he'll put $500 million of his own money into the deal to demonstrate his conviction.
"When you look at how much the businesses together make sense, and then you look at the fact that it's within my circle of competence, I can't stop thinking about it," Cohen said.
In a June 19 interview with Piers Morgan, Cohen declined to rule out a hostile takeover, meaning he might attempt to buy the business against the board's wishes.
At Cohen's request, GameStop has removed the proposed CEO Performance Award from its proxy statement, it said in Tuesday's press release.
The video-game retailer's shareholders were poised to vote on the pay package ahead of the company's annual meeting on July 7.
Cohen stood to secure a total of 171.5 million share options if he grew GameStop's market value to $100 billion, and its adjusted profits to $10 billion. Those shares would be worth in excess of $35 billion
He's faced backlash over his proposed pay package. Michael Burry of "The Big Short" fame revealed in early May that he'd sold his GameStop stake because he was skeptical of the eBay deal, and suggested Cohen was pursuing the heavily dilutive transaction because it would help him hit his market cap and profit milestones, generating a huge payout for him.
GameStop noted in a filing that Cohen wouldn't have received a windfall purely for acquiring eBay, as his performance hurdles stood to be adjusted to reflect a stock-based acquisition.
In its press release, GameStop said it would provide fresh details about its plans to purchase eBay this week, including its strategic rationale and how it plans to run the combined company.
GameStop and eBay did not immediately respond to requests for comment.
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Theron Mohamed is a London-based correspondent on the Trending team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team in 2024. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, Jeremy Grantham and other top-flight investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.Expertise
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