GameStop Q3 Profits Soar, but Do You Really Want to Own a Collectibles Stock?

GameStop (NYSE:GME) is the O.G. of meme stocks, the company that sparked the retail trading frenzy in 2021 and turned it into a Wall Street punchline. But those glory days are ancient history. The once-dominant video game retailer just dropped its third-quarter earnings. While showing strong year-over-year profit growth, the core business is crumbling under the weight of digital downloads and subscription services. Its lone bright spot was once again collectibles, now 31% of revenue — up from 20% last year ...