GameStop's Collectibles Sales Surge 57% to $356M, Now 45% of Total
GME is trading near its 52-week low of $17.79 (6.2% above the low).
Summary
GameStop's Q2 results show a sharp pivot: collectibles and trading card sales jumped 57% to $356.3 million, now 45% of total revenue, while overall net sales fell to $790.2 million from $972.2 million. Operating income hit a Q2 record of $160.2 million, and net income rose to $298 million, boosted by $238 million in gains from its eBay stake. Management raised FY2026 adjusted EBITDA guidance to over $650 million, up from over $600 million. This follows the company's hostile bid for eBay and its push into the collectibles market. The stock dropped 1.2% on the news, but the collectibles momentum and raised guidance are the key takeaways for traders.
At the time of this announcement, GME was trading at $18.90 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $17.79 to $28.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.