GameStop News

GameStop's Bold Bitcoin Bet Backfires: Shares Tumble 23% Amid Debt Financing Plan

GameStop Corp. shares fell sharply by 23% after announcing plans to raise $1.3 billion in debt to buy Bitcoin, following a board decision to add Bitcoin to its reserves which had i...

GameStop Ventures into Cryptocurrency with $1.3 Billion Bitcoin Investment Plan

GameStop Corp. announces a $1.3 billion plan to invest in Bitcoin, leveraging convertible senior notes due in 2030. The move follows the board's approval to include Bitcoin in its ...

GameStop Surges 13% in Premarket as Bitcoin Strategy and Strong Earnings Spark Investor Excitement

GameStop's stock jumps over 13% in premarket trading after announcing Bitcoin addition to reserves and reporting strong Q4 earnings, beating analysts' expectations with a net incom...

GameStop Soars 13% in Premarket as Bitcoin Strategy and Strong Q4 Earnings Excite Investors

GameStop's stock jumped 13% in premarket trading after announcing the addition of Bitcoin to its reserves and reporting stronger-than-expected Q4 earnings, with net income at $131....

GameStop Surpasses Expectations with Stunning Q4 Sales Reaching $1.28 Billion

GameStop announces a remarkable Q4 sales achievement of $1.28 billion, showcasing its adaptability and setting a new retail benchmark in the gaming industry. Analysts and investors...

GameStop Explores Crypto Investment: A Strategic Move into Digital Assets?

GameStop Corp. is reportedly considering investments in Bitcoin and other cryptocurrencies, marking a potential shift in its business strategy. The company is evaluating the fit of...

GameStop Shuts Down Five Connecticut Stores Amid Declining Sales

GameStop Corp. has closed five stores in Connecticut due to declining sales in Q3 2024, as part of a broader strategy to optimize its store portfolio amidst challenging market cond...

GameStop's Net Income Rebounds, Driving Shares Up by 11%

GameStop's stock surged 11% after reporting a net income of $17.4 million in Q2 2024, recovering from a $3.1 million loss in the same period last year. The improvement in financial...

GameStop's Q3 Financial Performance: A Deep Dive into Net Sales and Earnings

GameStop Corp. reports a 20.2% drop in net sales for Q3 fiscal 2024, totaling $860 million. Despite this, net income improved to $17.4 million, and diluted earnings per share reach...