Gamestop Corp Stock Price, News & Analysis

GameStop (NYSE: GME) has announced plans to offer $1.75 billion in Convertible Senior Notes due 2032 through a private offering to qualified institutional buyers. The zero-interest notes will be convertible into cash, GME Class A common stock, or a combination of both. Initial purchasers will have a 13-day option to buy an additional $250 million in notes. The conversion price will be based on the weighted average stock price during specific trading hours on the pricing date. GameStop plans to use the proceeds for general corporate purposes, including investments aligned with their Investment Policy and potential acquisitions. The notes will be unsecured obligations and are being offered under Rule 144A of the Securities Act of 1933.

GameStop (NYSE: GME) reported Q1 2025 financial results showing net sales of $732.4M, down from $881.8M in Q1 2024. Despite lower revenue, the company improved its bottom line with net income of $44.8M compared to a net loss of $32.3M in the prior year. Operating loss narrowed to $10.8M from $50.6M, including $35.5M in impairment charges related to international restructuring. The company's cash position strengthened significantly to $6.4B from $1.0B year-over-year. Post-quarter, GameStop completed its Canadian divestiture and purchased 4,710 Bitcoin. Gross profit margin improved to 34.5% from 27.7%, while SG&A expenses decreased to $228.1M from $295.1M. The company's adjusted metrics showed better performance, with Adjusted Operating Income of $27.5M versus a loss of $55.0M in the prior year.

GameStop (NYSE: GME) has scheduled its first quarter fiscal 2025 earnings release for Tuesday, June 10, 2025, after market close. The company will present its financial results and business updates for the period. Investors and interested parties can contact GameStop's Investor Relations department at (817) 424-2001 or ir@gamestop.com for additional information.

GameStop (NYSE: GME) has announced the acquisition of 4,710 Bitcoin. The announcement, made on May 28, 2025, represents the gaming retailer's first major cryptocurrency investment. The company did not disclose the purchase price or the strategic rationale behind this significant move into digital assets.

GameStop (NYSE: GME) has announced the pricing of $1.3 billion of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers. The notes, set to close on April 1, 2025, will be unsecured obligations with no regular interest. The company expects net proceeds of approximately $1.28 billion, which will be used for general corporate purposes, including Bitcoin acquisition.

The notes' initial conversion rate is 33.4970 shares of Class A common stock per $1,000 principal amount, equivalent to a conversion price of $29.85 per share - a 37.5% premium over the current stock price. GameStop may redeem the notes after April 6, 2028, under specific conditions. Noteholders can require GameStop to repurchase their notes on April 3, 2028, at 100% of the principal amount.

GameStop (NYSE: GME) has announced plans to offer $1.3 billion in Convertible Senior Notes due 2030 through a private offering to qualified institutional buyers. The notes will be unsecured obligations with 0.00% interest rate and mature on April 1, 2030.

The initial purchasers will have a 13-day option to buy an additional $200 million in notes. Upon conversion, GameStop can choose to pay in cash, Class A common stock shares, or a combination of both. The conversion price will be based on the weighted average stock price during specific trading hours on the pricing date.

The company plans to use the proceeds for general corporate purposes, including Bitcoin acquisition according to their Investment Policy. The notes and related common stock shares will not be registered under the Securities Act and have restricted trading conditions.

GameStop (NYSE: GME) has announced a significant shift in its investment strategy as its board unanimously approved an update to the company's investment policy to include Bitcoin as a treasury reserve asset. The decision, announced from the company's headquarters in Grapevine, Texas on March 25, 2025, marks GameStop's entry into cryptocurrency holdings as part of its treasury management strategy.

GameStop (NYSE: GME) has released its Q4 and fiscal year 2024 financial results. For Q4, the company reported net sales of $1.283 billion, down from $1.794 billion in the previous year. Q4 net income doubled to $131.3 million from $63.1 million year-over-year, while adjusted EBITDA improved to $96.5 million from $88.0 million.

For the full fiscal year 2024, net sales decreased to $3.823 billion from $5.273 billion in FY2023. However, annual net income significantly improved to $131.3 million compared to $6.7 million in the previous year. The company ended Q4 with a strong cash position of $4.775 billion in cash, cash equivalents, and marketable securities. Notable operational changes included the divestiture of Italian operations and the wind-down of store operations in Germany.

GameStop (NYSE: GME) has scheduled the release of its fourth quarter fiscal 2024 financial results, which will be announced after market hours on Tuesday, March 25, 2025. The company will share its quarterly performance report from its headquarters in Grapevine, Texas.