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GameStop Corp. - GME STOCK NEWS

Welcome to our dedicated page for GameStop news (Ticker: GME), a resource for investors and traders seeking the latest updates and insights on GameStop stock.

GameStop Corp. Class A (symbol: GME) is a leading global retailer specializing in video games, consumer electronics, and wireless services. With a robust presence spanning over 7,500 stores in 14 countries including the United States, Canada, Europe, and Australia, GameStop is dedicated to providing both new and pre-owned technologies to its customers.

GameStop's diverse portfolio includes well-known brands such as GameStop, EB Games, Micromania, and Kongregate. The company also publishes Game Informer, one of the world's top video game magazines. These brands collectively offer a comprehensive range of products from physical and digital video game software to hardware accessories and pop culture collectibles.

GameStop’s core business revolves around making popular technologies affordable and accessible. The company aims to innovate continuously, delivering new gaming experiences and consumer electronics to enthusiasts worldwide. They offer a unique blend of in-store and online shopping experiences through their extensive retail network and advanced e-commerce sites.

Recent advancements include the transitioning towards a more digitally focused business model to cater to the evolving market trends. GameStop is also expanding its product line-up to include consumer electronics and wireless services, ensuring they remain at the forefront of technological advancement.

Financially, GameStop has shown resilience in a competitive market, leveraging its extensive retail network and online presence to maintain steady revenue streams. Partnerships with leading technology and gaming companies further strengthen its market position, ensuring a consistent supply of the latest and most demanded products.

With a commitment to innovation, convenience, and value, GameStop continues to be a beloved destination for gaming and technology enthusiasts. Whether you are in search of the latest game releases, hardware, or collectibles, GameStop promises a welcoming and engaging shopping experience.

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GameStop Corp. (NYSE: GME) has released its second quarter 2024 financial results. Key highlights include:

- Net sales of $0.798 billion, down from $1.164 billion in Q2 2023
- SG&A expenses of $270.8 million (33.9% of net sales), compared to $322.5 million (27.7%) last year
- Net income of $14.8 million, improving from a $2.8 million loss in Q2 2023
- Cash, cash equivalents, and marketable securities totaling $4.204 billion at quarter-end

The company did not hold a conference call but directed stockholders to review the Form 10-Q for detailed information.

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GameStop Corp. (NYSE: GME) has announced the release date for its second quarter fiscal 2024 results. The company will report its financial performance after the market closes on Tuesday, September 10, 2024. This announcement is a standard practice for publicly traded companies, providing investors and analysts with a specific date to anticipate the release of important financial information. The results will likely include key metrics such as revenue, earnings per share, and potentially guidance for future quarters. Investors and market watchers will be keen to analyze these results to gauge GameStop's performance and future prospects in the evolving gaming and retail landscape.

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GameStop Corp. (NYSE: GME) announced a rescheduling of its virtual annual meeting of stockholders. Initially planned for June 13, 2024, at 10:00 a.m. CDT, the meeting was adjourned due to technical difficulties with the third-party hosting site. The new meeting time is set for June 17, 2024, at 11:30 a.m. CDT and can be accessed at meetnow.global/MT244SG.

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GameStop (NYSE: GME) announced the completion of its at-the-market (ATM) equity offering program, initially disclosed on June 7, 2024. The company sold the maximum 75,000,000 shares, garnering approximately $2.137 billion in gross proceeds. The funds will be utilized for general corporate purposes, including potential acquisitions and investments. This development follows the filing of a prospectus supplement with the U.S Securities and Exchange Commission.

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GameStop (NYSE: GME) announced its financial results for Q1 2024, ending May 4, 2024. The company reported net sales of $0.882 billion, down from $1.237 billion in Q1 2023. SG&A expenses were $295.1 million, representing 33.5% of net sales, compared to $345.7 million (27.9%) the previous year. The net loss for Q1 2024 was $32.3 million, an improvement from the $50.5 million loss in Q1 2023. Cash and equivalents were $1.083 billion at quarter-end. GameStop’s long-term debt remains minimal, tied to a low-interest French COVID-19 response loan. No conference call will be held. The company uses non-GAAP measures, excluding certain transformation costs and other adjustments, providing additional insights into core performance. Investors are cautioned that these measures should supplement GAAP results.

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GameStop (NYSE: GME) has announced that it will release its first quarter fiscal 2024 results on June 11, 2024, after the market closes.

The release will provide insights into the company's financial performance during the first quarter of the fiscal year 2024.

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GameStop Corp. (NYSE: GME) announced the completion of its 'at-the-market' equity offering program. Initially disclosed on May 17, 2024, the company filed a prospectus supplement with the SEC to offer and sell up to 45 million shares of common stock. The maximum number of shares was sold, resulting in gross proceeds of approximately $933.4 million before commissions and expenses. GameStop plans to use the net proceeds for general corporate purposes, including acquisitions and investments.

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GameStop announced preliminary unaudited financial results for Q1 ending May 4, 2024. The company projects net sales between $0.872 billion and $0.892 billion, a decline from $1.237 billion in Q1 2023. SG&A expenses are expected to range between $290 million and $300 million, down from $345.7 million the previous year. The net loss is forecasted between $27 million and $37 million, improving from a $50.5 million loss in Q1 2023. Cash, cash equivalents, and marketable securities are projected between $1.073 billion and $1.093 billion, compared to $1.310 billion a year earlier.

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GameStop Corp. reports financial results for Q4 and fiscal year 2023, showing a decrease in net sales but an increase in net income. The company's adjusted EBITDA for FY 2023 improved significantly compared to the previous year. Non-GAAP measures are used to provide additional insights into the company's performance.
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GameStop Corp. to report Q4 and full-year fiscal 2023 results on March 26, 2024.
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FAQ

What is the current stock price of GameStop (GME)?

The current stock price of GameStop (GME) is $20.09 as of September 16, 2024.

What is the market cap of GameStop (GME)?

The market cap of GameStop (GME) is approximately 8.7B.

What does GameStop Corp. do?

GameStop Corp. is a global retailer specializing in video games, consumer electronics, and wireless services. They operate over 7,500 stores across 14 countries.

Where can I find GameStop stores?

GameStop stores can be found in the United States, Canada, Europe, and Australia.

What brands are included in the GameStop family?

Brands under GameStop include GameStop, EB Games, Micromania, Kongregate, and Game Informer magazine.

Does GameStop offer both new and pre-owned products?

Yes, GameStop sells both new and pre-owned video game hardware, software, and accessories.

Is GameStop only a physical store?

No, GameStop also has a strong online presence through its e-commerce sites, catering to digital and physical product needs.

What are some recent developments at GameStop?

Recent developments include a shift towards a more digital business model and an expansion in consumer electronics and wireless services.

How is GameStop performing financially?

GameStop has been maintaining steady revenue streams by leveraging its retail and online presence, as well as partnerships with leading tech and gaming companies.

What type of products does GameStop sell?

GameStop sells video game hardware, software, accessories, pop culture collectibles, and consumer electronics.

What is Game Informer?

Game Informer is a popular video game magazine published by GameStop, featuring news, reviews, and insights into the gaming industry.

How can I contact GameStop Investor Relations?

You can contact GameStop Investor Relations at (817) 424-2001 or via email at ir@gamestop.com.

GameStop Corp.

NYSE:GME

GME Rankings

GME Stock Data

8.68B
426.51M
10.81%
28.2%
8.9%
Specialty Retail
Retail-computer & Computer Software Stores
Link
United States of America
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