Welcome to our dedicated page for Gamestop news (Ticker: GME), a resource for investors and traders seeking the latest updates and insights on Gamestop stock.
GameStop Corp. (NYSE: GME) generates frequent news across corporate finance, executive compensation, quarterly performance, and gaming-related partnerships. As a multichannel video game, consumer electronics, and collectibles retailer with operations in the United States, Canada, Australia, and Europe, its announcements often reflect both its retail footprint and capital markets activity.
News about GameStop includes earnings releases detailing net sales, gross profit, operating income, non-GAAP metrics, and segment performance by region. These updates are typically furnished via press releases and Form 8-K filings, giving investors insight into trends in net sales, SG&A expenses, asset impairments, interest income, and the impact of digital asset holdings such as Bitcoin on reported results.
GameStop also issues transaction and capital structure news, such as the pricing and expansion of 0.00% Convertible Senior Notes due 2032 and the declaration and distribution of warrants to shareholders and convertible noteholders. These items describe how the company raises capital, the terms of its convertible securities, and how warrants tied to its Class A common stock are structured and traded.
Another recurring theme in GME news is governance and compensation. The company has disclosed a 100% performance-based CEO Performance Award, structured as a nonqualified stock option with vesting tied to market capitalization and cumulative performance EBITDA hurdles, subject to stockholder approval. Filings and press releases also cover executive employment agreements and related equity awards.
From a brand and customer perspective, GameStop appears in partnership and marketing headlines, such as its collaboration with Cineverse on an immersive campaign for the film Return to Silent Hill, where participating stores host digital experiences and promotional items linked to the movie. For investors and followers of the gaming industry, monitoring GME news provides visibility into its financial performance, capital decisions, and role in gaming and entertainment promotions.
GameStop (NYSE: GME) has released its Q3 2024 financial results, reporting net sales of $0.860 billion, down from $1.078 billion in the prior year's quarter. The company achieved a net income of $17.4 million, improving from a $3.1 million loss in the same period last year. SG&A expenses decreased to $282.0 million from $296.5 million year-over-year.
The company's cash position stands at $4.616 billion. During the quarter, GameStop completed its at-the-market equity offering, selling 20.0 million shares for gross proceeds of approximately $400.0 million. The company stated it does not anticipate further at-the-market offerings during the current fiscal year.
GameStop (NYSE: GME) has announced it will release its third quarter fiscal 2024 financial results after market close on Tuesday, December 10, 2024. The company will provide detailed financial performance information for the period in this upcoming earnings release.
GameStop Corp. (NYSE: GME) has announced the appointment of Nat Turner to its Board of Directors. Turner currently serves as the Chairman and CEO of Collectors Holdings, Inc. The appointment represents a strategic addition to GameStop's leadership structure.
GameStop Corp. (NYSE: GME) has announced a collaboration with Collectors, through its Professional Sports Authenticator (PSA) division. As part of this partnership, GameStop will become an authorized PSA dealer, offering authentication and grading services for trading cards at select GameStop stores across the United States.
PSA is recognized as the world's largest and most trusted provider of trading card and autograph authentication and grading services. This collaboration aims to expand GameStop's offerings in the collectibles market and provide customers with access to professional grading services.
Customers can visit the GameStop website for a store locator and details on the GameStop/PSA submission process. For more information about PSA's authentication and grading services, interested parties can visit the PSAcard.com website.
GameStop Corp. (NYSE: GME) has completed its previously announced 'at-the-market' equity offering program. The company successfully sold 20,000,000 shares of its common stock, raising aggregate gross proceeds of approximately $400 million before commissions and offering expenses. This follows GameStop's September 10, 2024 filing of a prospectus supplement with the U.S. Securities and Exchange Commission for the ATM Program.
The company plans to use the net proceeds for general corporate purposes, which may include acquisitions and investments. This move represents a significant capital raise for GameStop, potentially strengthening its financial position and providing resources for future growth initiatives.
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.
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.
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.
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.
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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