Core Insights - GameStop shares increased by 10% in premarket trading following stronger-than-expected second-quarter results, marking a return to profitability driven by robust hardware and collectibles sales [1] Financial Performance - The company reported earnings of $0.25 per share, exceeding the consensus estimate of $0.16, with revenue rising to $972.2 million from $798.3 million year-over-year, surpassing estimates of $823.3 million [1] - Operating income improved significantly to $66.4 million from a loss of $22 million in the previous year, while selling, general, and administrative expenses decreased to $218.8 million from $270.8 million [2] - Net income surged to $168.6 million from $14.8 million, with adjusted net income reaching $138.3 million compared to $5.2 million in the prior year [2] Sales Growth - Collectibles sales experienced a remarkable growth of 63% year-over-year, while hardware and accessories revenue increased by 31% to $592.1 million, driven by demand related to the launch of Nintendo's Switch 2 and a strong pipeline of game releases [3]

Core Viewpoint - GameStop (GME) shares fell by 23.99% following the announcement of a convertible bond issuance plan [1]. Group 1: Stock Performance - GameStop's stock price is currently at 21.67 USD, reflecting a decrease of 6.84 USD or 23.99% on the day [2]. - Over the past five days, the stock has decreased by 7.92 USD, which is a decline of 26.77% [4]. - The market capitalization of GameStop is reported at 9.704 billion USD [3]. Group 2: Historical Data - The stock reached a 52-week high of 35.81 USD and a 52-week low of 18.73 USD [3]. - The stock opened at 23.57 USD and reached a daily high of 24.30 USD [5]. - The current price-to-earnings (P/E) ratio stands at 65.14 [3].

Group 1 - GameStop's stock fell over 12% in after-hours trading [1] - The company plans to issue $1.75 billion in convertible bonds [1] - This issuance is expected to be the largest convertible bond supply in the U.S. market for 2025 to date [1]

Group 1 - GameStop (GME) shares fell 12.36% in after-hours trading following the announcement of a $1.75 billion convertible bond issuance [1] - The convertible bond issuance is expected to be the largest in the U.S. market for 2025 to date [1] - In March, GameStop revised its investment policy to pave the way for investments in Bitcoin [1]