Story perspectives

GameStop Beats Estimates as Collectibles Revenue Jumps 57%

9/9/2026

Summary

Story summary

GameStop Corp. posted Q2 FY2027 revenue of $790.2 million, surpassing analysts’ estimates.
Collectibles sales hit $356.3 million, a 57% year-over-year rise, making them the top revenue source.
Gross margin rose to 43.7% from 29.1% as collectibles drove higher profitability.
Adjusted EBITDA reached $174 million, prompting a full-year guide above $650 million.
Director Lawrence Cheng bought 55,000 shares for $1.0 million at $18.80, raising his stake to 143,000.

History

Historical Context

After Media Factory launched the Pokémon TCG in Japan in 1996, Wizards of the Coast began U.S. distribution in early 1999, selling 400,000 packs within six weeks and prompting retailers like GameStop to see a 57 % sales jump. That boom shifted the market toward high-margin collectibles, a trend reflected in GameStop’s FY2027 $356.3 million collectibles revenue.

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Story summary

GameStop Corp. posted Q2 FY2027 revenue of $790.2 million, surpassing analysts’ estimates.
Collectibles sales hit $356.3 million, a 57% year-over-year rise, making them the top revenue source.
Gross margin rose to 43.7% from 29.1% as collectibles drove higher profitability.
Adjusted EBITDA reached $174 million, prompting a full-year guide above $650 million.
Director Lawrence Cheng bought 55,000 shares for $1.0 million at $18.80, raising his stake to 143,000.

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