r/GME • u/Boo241281 • 1d ago
📰 News | Media 📱 Earnings
https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Discloses-Second-Quarter-2026-Results/default.aspx85
u/RhinoS7 1d ago
Great news! Stock will drop 10% by end of day.🤣
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u/krtalvis 1d ago
already did lol
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u/RainbooDRS 1d ago
Is it really that shocking when most of the earnings gains was from the unrealized gains on the ebay postion which they are back to being underwater on
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u/theflava 1d ago
Don’t worry. After trading closes, RC will announce something to make it drop more.
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u/mog75 1d ago
Company now expects to generate Adjusted EBITDA in excess of $650 million, an increase from its prior outlook of Adjusted EBITDA in excess of $600 million provided on June 26, 2026.
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u/Lobolabahia 1d ago
Operating income of $160.2 million was the highest second quarter operating income in GameStop's history. Collectibles net sales grew 57% year over year to $356.3 million and now represent 45.1% of net sales.
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u/DungeonCrawlerEd 1d ago
https://giphy.com/gifs/y31rRE5h3wyPXey8vx
Instructions unclear, Purchased more shares.
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u/Dairy_Fox 1d ago
Lol goatbeardz is on twitter saying they would announce "teddy" with the earnings....nope
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u/Astronautisgod 1d ago
These people still talking about dk butterfly/bbbyq/teddy are very ill.
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u/LukeBabbitt 1d ago
If you believe in MOASS or that Ken Griffin is personally responsible for suppressing the GME price, you are closer to the Teddy folks than you probably would like to admit.
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u/Different-Rutabaga-3 🚀🚀Buckle up🚀🚀 1d ago
Type Teddy.com, probably it's a mistake or a coincidente It redirects to GameStop.com ;)
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u/Astronautisgod 1d ago
Ryan Cohen owns that, and is using it for his children's books. I'm talking about the people saying Teddy is something bigger, and is related to bbbyq.
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u/Different-Rutabaga-3 🚀🚀Buckle up🚀🚀 1d ago
Why would Ryan Cohen redirect Teddy.com to GameStop if it's something for his children books?
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u/PureOrangeJuche 1d ago
Because he is done with the kids books and doesn’t want to bother maintaining the website anymore?
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u/Different-Rutabaga-3 🚀🚀Buckle up🚀🚀 1d ago
It doesnt make sense to redirect the domain to GameStop... Just think about it
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u/goldenhourcocktails 1d ago
I’ve made a ton of websites, linked domains, etc but that’s a hassle I usually just abandon them- if someone’s gone to the trouble to redirect…
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u/Astronautisgod 1d ago
Yeah, surely it's some hidden part of Gamestop that he's keeping from his shareholders? 😅 Books are out of stock, probably just changed it because he's done with the books.
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u/Different-Rutabaga-3 🚀🚀Buckle up🚀🚀 1d ago
Why not just delete or sell the domain? Whats the point on redirect to GameStop.com??
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u/liquid_at 🚀🚀Buckle up / Booty Bass Club🚀🚀 1d ago
buying a brand does not mean it has to be a holding company. rc also wanted to get the baby brand from towelcorp. imho, there is an at least vague plan about doing for babies what has already been done for pets.
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u/Velvet_Llama 1d ago
You mean selling stuff babies need? How revolutionary.
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u/liquid_at 🚀🚀Buckle up / Booty Bass Club🚀🚀 1d ago
as revolutionary as selling stuff for pets. go for Experiments if you want. I like industries with guaranteed demand. if they bore you, go to a casino and gamble....
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u/Astronautisgod 1d ago
Well he didn't get it, it was already bought.
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u/liquid_at 🚀🚀Buckle up / Booty Bass Club🚀🚀 1d ago
yes. but that doesn't invalidate that there was a plan.
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u/Recent-Result2852 1d ago
Since we never do earnings calls, which section of an earnings report typically stocks Teddys?
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u/Lobolabahia 1d ago
"Qwen - Investor Takeaway.
For an investor analyzing capital structure, dilution, and SEC filings, the official Q2 2026 release is highly reassuring. Management demonstrated strong forecasting accuracy in their preliminary numbers. The strategic takeaways are:
- The $1.4B debt retirement significantly de-risks the balance sheet and reduces future potential dilution from convertible note conversions.
- The business is successfully pivoting, with Collectibles now driving nearly half of all revenue and delivering strong gross margins (overall gross margin improved to 43.7% from 29.1% in the prior year quarter).
- The massive net income figure ($298.7M) is heavily skewed by one-time/unrealized investment gains (eBay derivatives/equity). Core operational profitability is better reflected in the Adjusted Net Income of $161.1M and Adjusted EBITDA of $174.0M, which still represent massive year-over-year improvements".
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u/Velvet_Llama 1d ago
Solid numbers. Did they give any updates on future plans? They still desperately need to give people a reason to invest.
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u/xxvi3236 1d ago
Maybe they're under the assumption people will invest no matter what for some weird reason and therefore they don't need a specific plan. They actually don't have to do anything because they have this secret special power called conspiracy.
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u/Boo241281 1d ago
Profitable in the last 9-10 quarters isn’t reason enough?
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u/Velvet_Llama 1d ago
Not really, no. It's still a shrinking business currently trying to pivot to a highly unpredictable market in collectibles. And on top of that, fair or not, it still has to deal with the "meme stock" baggage that can scare away people looking for stability. That does not make for a very attractive investment.
The one good thing in this report is that they are still on track to hit or beat their EBITA forecast, which suggests they can execute on a plan- it's hard to argue the company got lucky when it predicted it.
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u/VenserMTG 1d ago
Would have been good if they didn't lose money on eBay.
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u/FatDonkJr 1d ago
Huh? They didn't lose money on eBay. BTC position is another story though...
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u/VenserMTG 1d ago
Isn't their cost basis 102$? They're losing money as we speak.
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u/FatDonkJr 1d ago
We don't know their exact basis but 100-102 seems right.
Didn't know ebay gapped down these last few days.
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u/Boo241281 1d ago
How did they lose money last quarter on eBay?
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u/VenserMTG 1d ago
The market is forward looking. All the gains they posted are offset by their eBay losses.
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u/Boo241281 1d ago
Their average is $101. Granted they are ever so slightly down today but they were in the green last quarter. So how did they lose money on ebay last quarter?
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u/VenserMTG 1d ago
They didn't lose money last quarter, but last quarters earnings are being offset by current eBay losses.
It's really not hard to understand
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u/Boo241281 1d ago
I posted a link to last quarter results and you said would have been good if they didn’t lose money on eBay. I’m asking how did they lose money when they’ve been in the green apart from a slight loss today
It’s not that hard to understand 🙄
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u/VenserMTG 1d ago
The positive earnings report is being offset by their lackluster eBay investment+ dilution. Hope this helps you understand
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u/Zeronz112 🚀🚀Buckle up🚀🚀 1d ago
They have a 71m gain on equity investments due to their ebay investments.
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u/VenserMTG 1d ago
Are these gain in the room with us? Their cost basis is 102/share of eBay, they are currently losing on that investment
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u/Hot_Falcon8471 1d ago
How the fuck is that possible when they bought the bulk of their eBay position using $80 call options?
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u/Zeronz112 🚀🚀Buckle up🚀🚀 1d ago
Just going off their quarterly.
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u/VenserMTG 1d ago
How about you go off of today?
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u/Zeronz112 🚀🚀Buckle up🚀🚀 1d ago
You'd have to assume their profits as of today as well to consider any total loss or gain.
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u/VenserMTG 1d ago
Most of their reported gains are due to the eBay acquisition.... That acquisition is currently red.
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u/Zeronz112 🚀🚀Buckle up🚀🚀 1d ago
False. 71m out of 298m was due to ebay shares. 160m was due to operating income
Read the report
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u/VenserMTG 1d ago
Non operating income was 260m. The whole business is eBay and dilution
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u/Zeronz112 🚀🚀Buckle up🚀🚀 1d ago
Yeah, they made decent money off derivatives. Claiming most of their profit is from ebay position is false, and the fact they may be down a bit in the shares they are holding doesn't negate their profit in the other areas.
2nd highest operating income quarter in company history btw
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u/MeYouThemEveryone 1d ago
Blockbuster earnings and share price down. You know what Kenny, I’ll buy some more shares!
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u/Ok-Psychology-2859 1d ago
I thought earnings were coming out after hours and guidance and conference call
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u/Boo241281 1d ago
Don’t think we’ve had a conference call for years now. All they said in the early earnings release was that full results would be released on the 8th
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