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GameStop Profit Doubles as Collectibles Sales Jump 57%

9/8/2026

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Summary

Story summary

GameStop posted operating income of $160.2 million, about double the $66.4 million a year earlier.
Collectibles sales jumped 57% year-over-year, fueling the profit increase despite a revenue decline.
Net sales fell to $790.2 million from $972.2 million a year earlier.
The board authorized a $2.0 billion share repurchase program through June 2, 2029.
GameStop ended the quarter with $5.4 billion in cash and securities and a $4.9 billion eBay stake.

History

Historical Context

After its IPO in May 1997, Amazon expanded beyond books in 1998 and survived the March 11 2000 dot-com crash, posting its first quarterly profit in Q4 2001—$0.01 per share on over $1 billion revenue. That turnaround showed how early online retailers could shift from loss-making growth to profitability, a pattern analysts now watch as companies like GameStop consider share-repurchase programs.

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Story summary

GameStop posted operating income of $160.2 million, about double the $66.4 million a year earlier.
Collectibles sales jumped 57% year-over-year, fueling the profit increase despite a revenue decline.
Net sales fell to $790.2 million from $972.2 million a year earlier.
The board authorized a $2.0 billion share repurchase program through June 2, 2029.
GameStop ended the quarter with $5.4 billion in cash and securities and a $4.9 billion eBay stake.

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