Core Viewpoint - GameStop has faced significant challenges due to the shift to digital gaming, leading to revenue declines and stock price volatility since the 2021 short squeeze [1][4][10]. Group 1: Company Challenges - GameStop's revenue growth has been negatively impacted by the transition to digital downloads, which began before the short squeeze and worsened during the COVID-19 lockdowns [4][10]. - The company has seen its stock price decline since the short squeeze, which was fueled by retail investors buying shares, causing a rapid increase in stock price followed by sharp declines [6][10]. Group 2: Cost-Cutting Measures - In response to its financial struggles, GameStop has aggressively cut costs, including closing 590 U.S. stores in 2024 and planning to exit markets in France and Canada [7][8]. - The company aims to focus on profitability and expand its market by selling graded collectibles and enhancing its online and in-store presence [8][14]. Group 3: Recent Developments - GameStop's stock has dropped 15% in the past 10 days, partly due to its announcement of investing in Bitcoin and a private offering of $1.3 billion in convertible senior notes [10][11]. - The company made its first Bitcoin investment by purchasing 4,710 Bitcoin, which raised concerns among investors about the volatility of cryptocurrency and its impact on long-term growth [11][13]. Group 4: Future Outlook - Despite cost-cutting measures leading to some earnings gains, GameStop's revenue growth prospects remain unclear, raising questions about its future product and service offerings [14]. - The company's strategy to invest in Bitcoin could be beneficial, but it does not address the fundamental issue of revenue growth [14].

CANADA - 2025/05/29: In this photo illustration, the GameStop (Game Stop) logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesMeme stock – GameStop (NYSE:GME) – is set to release its earnings on Tuesday, June 10, 2025. Historically, GameStop's stock has exhibited a favorable one-day return in 55% of cases following earnings announcements over the last five years. The average positive ret ...

Key Takeaways GME is expected to post Q1 revenues of $750M, down 16% from the year-ago period. Earnings per share are projected at $0.08, a 166.7% year-over-year surge. GME's shift to collectibles and cost cuts may boost profits despite pressure on legacy sales.As GameStop Corp. (GME) prepares to unveil its first-quarter fiscal 2025 earnings results on June 10 after market close, investors face an important decision: Should they buy the stock now or hold their current positions?With earnings expectations ...

Company Performance - GameStop (GME) closed at $29.80, reflecting a +0.78% change from the previous day, outperforming the S&P 500's daily loss of 0.01% [1] - Over the past month, GameStop shares have increased by 7.8%, while the Consumer Discretionary sector and the S&P 500 gained 7.31% and 6.43%, respectively [1] Upcoming Earnings - GameStop's earnings report is scheduled for June 10, 2025, with an anticipated EPS of $0.08, representing a 166.67% increase year-over-year [2] - Revenue is expected to be $750 million, indicating a 14.95% decline compared to the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates project earnings of $0.47 per share and revenue of $3.4 billion, reflecting increases of +42.42% and decreases of -11.06% from the previous year, respectively [3] Analyst Projections - Recent shifts in analyst projections for GameStop should be monitored, as positive revisions indicate optimism regarding the company's business and profitability [4] Stock Performance and Zacks Rank - Adjustments in earnings estimates are correlated with stock price performance, and the Zacks Rank system can help investors capitalize on these changes [5] - GameStop currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] Valuation Metrics - GameStop has a Forward P/E ratio of 62.92, significantly higher than the industry average of 19.17, suggesting it is trading at a premium [7] - The Gaming industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [7][8]

GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase.The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular — plus, the company took on a new kind of notoriety when it unwittingly became the center of a short squeeze in 2021. GameStop stock remains a bit inflated from where it was before the meddling of Reddit community r/WallStreetBets, but years out from its unpredic ...

GameStop Corp. (GME) and Boyd Gaming Corporation (BYD) operate in vastly different arenas under the broad umbrella of consumer discretionary. GameStop, a specialty retailer of video games and electronics and once synonymous with brick-and-mortar game sales, has been navigating a strategic shift toward e-commerce and digital services. GME now commands a market capitalization of approximately $15.66 billion, fueled by speculative interest and ongoing transformation efforts.In contrast, Boyd Gaming operates in ...

GameStop TodayGMEGameStop$32.02 -2.99 (-8.55%) 52-Week Range$18.73▼$48.00P/E Ratio178.00Price Target$11.50Add to WatchlistAs dubious as it may seem, GameStop’s NYSE: GME shift to Bitcoin (CRYPTOCURRENCY: BTC) could pay off over time. Evidently, the gaming resale industry is dead money; investing in BTC provides a path forward, but it will be a long road to travel. The most recent news is that the company made its first purchases, about 4,700 Bitcoins for $512.6 million. Get GameStop alerts:At this pace, as ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

GameStop's stock rose by more than 3% in premarket trading to over $36, following an earlier announcement the retailer purchased 4,710 bitcoins valued at just over $513 million as of bitcoin's price of roughly $109,000 Wednesday morning. The video game retailer previously said it would add bitcoin as a "treasury reserve asset." Shares of GameStop popped in early trading Wednesday, after the video game retailer and meme stock announced a $513 million purchase of bitcoin, which has surged to new record highs ...

A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany.GameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game retailer began its crypto purchasing plan in a similar move made famous by MicroStrategy.The purchase, its first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday. The world's largest cryptocurrency has been on a tear lately, hitting a record high near ...