earnings
confidence high
sentiment positive
materiality 0.85
GameStop Q2 prelim net income $290-310M vs $168.6M; exchange amended to $358M cash
GameStop Corp.
- Prelim Q2 net sales $780-800M vs $972.2M YoY; operating income $150-170M vs $66.4M.
- Net income $290-310M includes $238M eBay gains, $75M digital asset loss; holds 43.4M eBay shares worth $4.947B.
- Exchange amended: 55.5M shares (73%) and $358.4M cash (27%) for $1.4B notes; closing ~Sept 3, 2026.
- After exchange, ~$2.8B of 2030/2032 notes remain outstanding; cash on hand $5.05-5.07B.