GameStop Corp (GME)

So what happens next???

https://www.reddit.com/r/Superstonk/comments/1ujd4ba/xrt_day_38_on_reg_sho/

XRT must reset ?? August 4th???
Shareholders vote July 7th
GME early earnings 2nd quarter 2026
GTA6 glimpse at earnings growth
eBay deal close
A RK 5% +++ sec 13d filing
A NT 5% +++ sec 13d filing

GLTA

Larry Cheng references

https://www.sec.gov/Archives/edgar/data/1326380/000119312526288534/d43040d425.htm

No real changes

Yet

GLTA

GameStop Shares Edge Higher as Company Reaffirms Pursuit of eBay Acquisition (GME)June 29, 2026 6:50 AM
IH Market News GameStop (NYSE:GME) shares rose 1.4% in premarket trading to $22.07 after the video game retailer reaffirmed its intention to pursue the proposed acquisition of eBay, despite the online marketplace rejecting its unsolicited takeover approach. In a regulatory filing, GameStop confirmed that it remains committed to its approximately US$56 billion cash-and-stock proposal after eBay turned down the offer. The company said it intends to continue pursuing the transaction as part of its long-term strategic plans. Alongside the update, GameStop projected adjusted EBITDA of more than US$600 million for fiscal 2026, compared with approximately US$345 million reported for fiscal 2025. The company has also continued building its position in eBay, with its ownership stake now standing at 7.8%. Chief Executive Ryan Cohen has reportedly waived a potential performance-based compensation package in order to focus on advancing the proposed acquisition, underlining management’s commitment to the deal. Recent financial performance has also supported investor sentiment. GameStop delivered record quarterly net income of US$389.6 million and its highest-ever first-quarter operating income of US$143.3 million, while net sales increased 14% year over year, driven by continued strength in its collectibles business. The broader U.S. equity market offered little support for the move, with the S&P 500 slipping 0.05%, the Dow Jones Industrial Average falling 0.09% and the Nasdaq declining 0.2%. As a result, GameStop’s premarket gains were largely driven by company-specific developments rather than wider market sentiment. Although GME has rebounded from its 52-week low of US$19.93, the stock continues to trade well below its 52-week high of US$28.10, leaving room for further recovery should investor confidence improve. Taken together, GameStop’s renewed commitment to the eBay transaction, stronger earnings expectations and persistently elevated short interest continue to create the potential for significant share price volatility. The company has also indicated that it plans to release additional information outlining its strategic vision and integration plans for the proposed combination, although no timetable or financing updates have yet been provided. GameStop stock priceThe post GameStop Shares Edge Higher as Company Reaffirms Pursuit of eBay Acquisition (GME) appeared first on US Editors. Original: GameStop Shares Edge Higher as Company Reaffirms Pursuit of eBay Acquisition (GME)

GameStop Provides Fiscal Year 2026 OutlookJune 26, 2026 5:45 PM
Business Wire GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that, for the fiscal year ending January 30, 2027 ("fiscal year 2026"), the Company currently expects to generate Adjusted EBITDA in excess of $600 million, compared to Adjusted EBITDA of $345.4 million in fiscal year 2025. GameStop's leadership team remains focused on advancing the proposed acquisition of eBay, Inc. ("eBay"). Additional materials regarding the proposed transaction are forthcoming. A Current Report on Form 8-K furnishing the Company's fiscal year 2026 outlook has been filed with the Securities and Exchange Commission and is available at www.sec.gov and on the Company's investor relations website at investor.gamestop.com. NON-GAAP MEASURES AND OTHER METRICS As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles ("GAAP"), GameStop may use certain non-GAAP measures, including adjusted EBITDA. Adjusted EBITDA is a supplemental financial measure of the Company’s performance that is not required by, or presented in accordance with, GAAP. We believe that the presentation of this non-GAAP financial measure provides useful information to investors in assessing our core operating performance, financial condition and results of operations. We define adjusted EBITDA as net income before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs (including severance and other costs), business divestitures, asset impairments, gain (loss) on digital assets and related receivables, unrealized gain (loss) on derivative assets, and other non-cash charges. Net income is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include: certain items excluded from adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, results of operations or cash flows; adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; and our computations of adjusted EBITDA may not be comparable to other similarly titled measures of other companies. We compensate for the limitations of adjusted EBITDA as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA is provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA may be defined and determined differently by other companies in our industry, our definitions of this non-GAAP financial measure may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. With regards to forward-looking guidance for adjusted EBITDA, we are not able to reconcile the forward-looking non-GAAP measure of adjusted EBITDA to the closest corresponding GAAP measure, net income, without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of terms such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "pro forma," "seeks," "should," "will" or similar expressions. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: the performance of our business and our ability to generate earnings in line with our guidance; economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season and on the popularity and sale of trading cards; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; how the Company incorporates artificial intelligence into workflows and processes, including customer-facing and operational activities, and challenges with properly managing its use; the Company’s ability to manage its profitability and cost reduction initiatives; the Company’s ability to complete its proposed acquisition of eBay Inc.; changes in senior management or the Company’s ability to attract and retain qualified personnel; the Company is highly dependent on the services of the Company’s Chairman of the Board and Chief Executive Officer, Ryan Cohen; if the grant of a 100% performance-based nonqualified stock option award (the “CEO Performance Award”) to Mr. Cohen is not approved by the Company’s stockholders or if the Company is unable to adequately incentivize Mr. Cohen to maintain his focus and priorities on the Company, the Company's ability to execute on its strategy and achieve its growth goals may be adversely impacted; the CEO Performance Award, if and to the extent the stock options associated become vested and are exercised, would result in dilution to the Company’s stockholders and could impact the Company’s stock price; potential damage to the Company’s reputation or customers' perception of the Company; the Company's ability, or the ability of the third parties with whom we work, to maintain the security of our information technology systems or data (including customer, associate or Company information); the Company's compliance with stringent and evolving laws and other obligations related to data privacy and security; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; changes to tariff and import/export regulations; potential litigation and other legal proceedings; the value of the Company's investment holdings; concentration of the Company's investment portfolio into one or fewer holdings; the recognition of losses in a particular investment even if the Company has not sold the investment; the execution and timing of share repurchases, if any, under the share repurchase authorization; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; the issuance of common stock upon the exercise of the warrants declared as part of the October 7, 2025 distribution to the holders of record of the Company's Class A common stock and holders of the Convertible Notes, in the form of warrants to purchase shares of common stock (the “Warrants”), may depress our stock price; future issuance of additional warrants may adversely affect the market price of the Warrants and the market price of the Company’s common stock; the Warrants do not automatically exercise, and any Warrant that is not exercised prior to their expiration date will lose all financial value; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to generate sufficient cash flow to fund its operations; the $1.5 billion 0.00% Convertible Senior Notes due 2030 (the “Convertible 2030 Notes") and $2,250.0 million 0.00% Convertible Senior Notes due 2032 (the "Convertible 2032 Notes" and, collectively with the Convertible 2030 Notes, the "Convertible Notes") are the Company’s obligations only, and substantially all of our operations are conducted through, and a portion of our consolidated assets are held by, our subsidiaries; servicing the Convertible Notes requires a significant amount of cash, and the Company may not have sufficient cash flow from our business to make such payments, and we may incur additional indebtedness in the future; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on Company’s financial results; the Company's investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stable coins, and to the extent the Company holds Bitcoin or U.S. dollar denominated stable coins, the Company will be exposed to certain risks associated with Bitcoin or stable coins, respectively; the Company’s derivative strategy can expose it to counterparty risk; and the Company’s ability to maintain effective internal control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the Securities and Exchange Commission and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). Forward-looking statements contained in this Press Release speak only as of the date of this Press Release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. Preliminary Financial Information We report our financial results in accordance with U.S. generally accepted accounting principles. All projected financial information in this Press Release is preliminary. These estimates are not a comprehensive statement of our financial position and results of operations. There is no assurance that the Company will achieve its forecasted results within the relevant period or otherwise. Actual results may differ materially from these estimates as a result of actual quarter-end results, the completion of normal quarter-end accounting procedures and adjustments, including the execution of our internal control over financial reporting, the completion of the preparation and management’s review of our financial statements for the relevant period and the subsequent occurrence or identification of events prior to the filing of our financial results for the relevant period with the Securities and Exchange Commission. No Offer or Solicitation This communication relates to a business combination involving GameStop and eBay that has been proposed by GameStop (the “Proposed Transaction”). This communication is for informational purposes only and is neither an offer to sell or purchase, nor the solicitation of an offer to buy or sell, any securities (or the solicitation of any proxy or vote with respect to any matter), nor shall there be any sale or purchase, issuance or other transfer of securities (or the solicitation of any proxy or other vote) with respect to the Proposed Transaction or otherwise in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Certain Information Regarding Participants GameStop and its directors and certain of its executive officers may be considered participants in the solicitation of proxies in connection with the Proposed Transaction, should the Proposed Transaction and any such solicitation occur. Information about the directors and executive officers of GameStop is set forth in GameStop’s definitive proxy statement for the 2026 Annual Meeting of Stockholders to be held July 7, 2026 at 10:00 a.m. CDT, which was filed with the SEC on May 22, 2026 (as supplemented from time to time, the “2026 Proxy Statement”), which is available here, including under the headings “Proposal 1: Election of Directors”, “Director Nomination Process”, “The Director Nominees”, “Director Nominee Qualifications and Experience”, “Biographies of Director Nominees”, “The Board of Directors”, “Corporate Governance”, “Director Compensation”, “Executive Officers”, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters”, “Compensation Committee Interlocks and Insider Participation”, “Proposal No. 2: Advisory Vote on Executive Compensation”, “Compensation Discussion and Analysis”, “Offer Letters and Severance/Change in Control Benefits”, “Compensation Committee Report on Executive Compensation”, “Executive Compensation Tables”, “CEO Pay Ratio”, “Pay Versus Performance”, “Equity Grant Practices”, “Securities Authorized for Issuance Under Equity Compensation Plans”, “Audit Committee Matters”, “Certain Relationships and Related Transactions”, “Proposal 4: Approval of CEO Performance Award”, “Summary of the Proposed CEO Performance Award”, “Reasons for Approval of the CEO Performance Award”, “Market Capitalization Hurdles with Cumulative Performance EBITDA Hurdles Create Real Value for Stockholders”, “Background of the CEO Performance Award”, “Key Terms of the Proposed CEO Performance Award”, “Other Details Regarding the Proposed CEO Performance Award”, “The Compensation Committee’s Assessment of the CEO Performance Award”, “Practical Implications of the CEO Performance Award” and “Appendix A: CEO Performance Award Agreement”. To the extent holdings of such persons in the Company’s securities have changed since the amounts described in the 2026 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information can also be found in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the SEC on March 24, 2026, which is available here. As of the date hereof, GameStop directly beneficially owns 4,343,725 shares of common stock of eBay, par value $0.001 per share (the “Common Stock”), and has further entered into the long-side of a series of American-style put/call option transactions (the “Put/Call Pairs”), expiring February 23, 2028, with an unaffiliated financial institution counterparty that provide economic exposure to a further 39,046,658 shares of Common Stock. The Put/Call Pairs were only settleable in cash until such time as GameStop provided the unaffiliated financial institution counterparty with reasonable evidence that all applicable filings had been made and any applicable waiting periods had expired or approvals had been received, as applicable, under the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act Condition”). On June 3, 2026, the HSR Act Condition was satisfied, and as a result, GameStop (in the case of the call portion of the Put/Call Pairs) and the unaffiliated financial institution counterparty (in the case of the put portion of the Put/Call Pairs) electing to settle the Put/Call Pairs now have the option, but not the obligation, to elect for physical settlement of the shares of Common Stock underlying such Put/Call Pairs in lieu of cash settlement. GameStop does not have voting power or dispositive power with respect to the shares of Common Stock underlying such Put/Call Pairs unless and until such Put/Call Pairs are physically settled for Common Stock. On May 3, 2026, GameStop delivered to the board of directors of eBay a non-binding proposal to acquire all of the outstanding Common Stock that it does not already own at a price of $125 per share of Common Stock, to be paid in a combination of cash and GameStop common stock. As a result of the foregoing, GameStop may be deemed to have direct or indirect interests with respect to eBay that are in addition to, or different from, those of other eBay shareholders. Further information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any proxy statement/prospectus and/or other relevant materials to be filed with the SEC in connection with the Proposed Transaction when they become available. Disclaimer Any information concerning eBay contained in this communication has been taken from, or based upon, publicly available information. Although GameStop does not have any information that would indicate that any information contained in this communication that has been taken from such documents is inaccurate or incomplete, GameStop does not take any responsibility for the accuracy or completeness of such information. To date, GameStop has not had access to the books and records of eBay. View source version on businesswire.com: https://www.businesswire.com/news/home/20260626990685/en/ GameStop Corp. Investor Relations
(817) 424-2001
ir@gamestop.com Original: GameStop Provides Fiscal Year 2026 Outlook

How many gta6 sales did GME net?

https://www.app.com/story/entertainment/2026/06/25/grand-theft-auto-presales-record-how-much-is-gta6-going-to-cost-gta6-sales/90696762007/

10% is 300n$

Day one

GLTA

Lawsuit is moot

Since RC and GME have removed proposal 4

GLTA

Can someone explain how there is any merit in the lawsuit?

SEC filing coming soon RC buys 500m$ eBay



RC statement at 53m mark all in podcast

https://www.reddit.com/r/Superstonk/comments/1udvv28/but_im_putting_500_million_of_my_own_money_into/

He is committed and continues to put his own money into the equation

GLTA

Well JJ

Today’s announcement was interesting and concerning as well

Concerning because RC is now not tied up with GME by that long term agreement

Once removed he then would have options to move forward in any direction he chooses

Something to note for caution

GLTA

Well JJ

Today’s announcement was interesting and concerning as well

Concerning because RC is now not tied up with GME by that long term agreement

Once removed he then would have options to move forward in any direction he chooses

Something to note for caution

GLTA

Ryan Cohen Withdraws CEO Performance Award; GameStop Focuses on eBayJune 23, 2026 4:20 PM
Business WireGameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its Board of Directors (the "Board") has granted the request of Ryan Cohen, Chairman and CEO, to amend the Company's proxy statement to remove the proposed CEO Performance Award. When the Board approved the CEO Performance Award in January 2026, the Company had not yet decided to pursue the acquisition of eBay, Inc. ("eBay").Mr. Cohen stated that he wants leadership fully focused on GameStop's operating performance and its proposed eBay acquisition.Additional details can be found in a supplement to the Company's proxy statement filed with the Securities and Exchange Commission. GameStop will release additional materials regarding its proposed acquisition of eBay this week, including a detailed presentation of the strategic rationale and operational plan for the combined company.No Offer or SolicitationThis communication relates to a business combination involving GameStop and eBay that has been proposed by GameStop (the “Proposed Transaction”). This communication is for informational purposes only and is neither an offer to sell or purchase, nor the solicitation of an offer to buy or sell, any securities (or the solicitation of any proxy or vote with respect to any matter), nor shall there be any sale or purchase, issuance or other transfer of securities (or the solicitation of any proxy or other vote) with respect to the Proposed Transaction or otherwise in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.Certain Information Regarding ParticipantsGameStop and its directors and certain of its executive officers may be considered participants in the solicitation of proxies in connection with the Proposed Transaction, should the Proposed Transaction and any such solicitation occur. Information about the directors and executive officers of GameStop is set forth in GameStop’s definitive proxy statement for the 2026 Annual Meeting of Stockholders to be held July 7, 2026 at 10:00 a.m. CDT, which was filed with the SEC on May 22, 2026 (as supplemented from time to time, the “2026 Proxy Statement”), which is available here, including under the headings “Proposal 1: Election of Directors”, “Director Nomination Process”, “The Director Nominees”, “Director Nominee Qualifications and Experience”, “Biographies of Director Nominees”, “The Board of Directors”, “Corporate Governance”, “Director Compensation”, “Executive Officers”, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters”, “Compensation Committee Interlocks and Insider Participation”, “Proposal No. 2: Advisory Vote on Executive Compensation”, “Compensation Discussion and Analysis”, “Offer Letters and Severance/Change in Control Benefits”, “Compensation Committee Report on Executive Compensation”, “Executive Compensation Tables”, “CEO Pay Ratio”, “Pay Versus Performance”, “Equity Grant Practices”, “Securities Authorized for Issuance Under Equity Compensation Plans”, “Audit Committee Matters”, “Certain Relationships and Related Transactions”, “Proposal 4: Approval of CEO Performance Award”, “Summary of the Proposed CEO Performance Award”, “Reasons for Approval of the CEO Performance Award”, “Market Capitalization Hurdles with Cumulative Performance EBITDA Hurdles Create Real Value for Stockholders”, “Background of the CEO Performance Award”, “Key Terms of the Proposed CEO Performance Award”, “Other Details Regarding the Proposed CEO Performance Award”, “The Compensation Committee’s Assessment of the CEO Performance Award”, “Practical Implications of the CEO Performance Award” and “Appendix A: CEO Performance Award Agreement”. To the extent holdings of such persons in the Company’s securities have changed since the amounts described in the 2026 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information can also be found in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the SEC on March 24, 2026, which is available here.As of the date hereof, GameStop directly beneficially owns 4,343,725 shares of common stock of eBay, par value $0.001 per share (the “Common Stock”), and has further entered into the long-side of a series of American-style put/call option transactions (the “Put/Call Pairs”), expiring February 23, 2028, with an unaffiliated financial institution counterparty that provide economic exposure to a further 39,046,658 shares of Common Stock. The Put/Call Pairs were only settleable in cash until such time as GameStop provided the unaffiliated financial institution counterparty with reasonable evidence that all applicable filings had been made and any applicable waiting periods had expired or approvals had been received, as applicable, under the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act Condition”). On June 3, 2026, the HSR Act Condition was satisfied, and as a result, GameStop (in the case of the call portion of the Put/Call Pairs) and the unaffiliated financial institution counterparty (in the case of the put portion of the Put/Call Pairs) electing to settle the Put/Call Pairs now have the option, but not the obligation, to elect for physical settlement of the shares of Common Stock underlying such Put/Call Pairs in lieu of cash settlement. GameStop does not have voting power or dispositive power with respect to the shares of Common Stock underlying such Put/Call Pairs unless and until such Put/Call Pairs are physically settled for Common Stock. On May 3, 2026, GameStop delivered to the board of directors of eBay a non-binding proposal to acquire all of the outstanding Common Stock that it does not already own at a price of $125 per share of Common Stock, to be paid in a combination of cash and GameStop common stock. As a result of the foregoing, GameStop may be deemed to have direct or indirect interests with respect to eBay that are in addition to, or different from, those of other eBay shareholders.Further information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any proxy statement/prospectus and/or other relevant materials to be filed with the SEC in connection with the Proposed Transaction when they become available.DisclaimerAny information concerning eBay contained in this communication has been taken from, or based upon, publicly available information. Although GameStop does not have any information that would indicate that any information contained in this communication that has been taken from such documents is inaccurate or incomplete, GameStop does not take any responsibility for the accuracy or completeness of such information. To date, GameStop has not had access to the books and records of eBay.Cautionary Statement Regarding Forward-Looking Statements – Safe HarborCertain statements in this communication may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “plan,” “assume,” “believe,” “forecast,” “look,” “build,” “focus,” “create,” “work,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance. Such statements also include, among others, statements with respect to GameStop’s proposed acquisition of eBay, such as statements about whether or not the transaction will occur, expected cost reductions, operational benefits, financing, the timing and structure of the transaction, anticipated benefits of the combination, leadership of the combined company, and similar statements. These forward-looking statements are based on GameStop’s current beliefs, expectations and assumptions and involve significant known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: the failure of eBay’s Board of Directors to engage with the proposal; the failure to negotiate or execute a definitive agreement providing for the consummation of a transaction on the terms described or at all; failure to obtain required financing on the expected terms; failure to obtain required regulatory approvals; failure to obtain required shareholder approvals of GameStop and/or eBay; failure to realize anticipated cost reductions, operational benefits, or operating efficiencies; risks related to integration of the businesses; the impact of the announcement of the proposal on GameStop’s and eBay’s respective businesses, customers, suppliers, and employees; the diversion of management attention; competitive responses; market and economic conditions; and other risks described from time to time in GameStop’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended January 31, 2026 and subsequent filings. GameStop undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Final terms and conditions of any transaction are subject to negotiation and execution of a definitive agreement providing for the consummation of a transaction.View source version on businesswire.com: https://www.businesswire.com/news/home/20260623835940/en/GameStop Corp. Investor Relations
(817) 424-2001
ir@gamestop.com Original: Ryan Cohen Withdraws CEO Performance Award; GameStop Focuses on eBay

There isn't much they can do to stop RC IMO.
At some point a special meeting will be called by RC.

He looks to be dead set on this acquisition.

Good luck to the current BoD of EBay.
Not much they can do to stop RC.
JMO

GME buys more EBay

https://www.sec.gov/Archives/edgar/data/1065088/000119312526276853/d32649d425.htm

4.343m
39m options due 2/2028

Outstanding EBay 444m shares

9.8% ownership and growing

Also soon eBay will issue a dividend for which GME will be paid by eBay for growth of its shares in treasury

In a sense eBay is paying GME to take eBay
Via Dividends and Share buying

GLTA

It’s definitely not over

Few clues are coming soon

🔜

The shareholders meeting and opportunities to buy shares at discount prices

For the time being as what I might do may not be what others might do as my risk tolerance is very high till GME risk management changes over time

GLTA

So your saying that their is a chance


I'm not saying anything. Are you saying it's over~?
There is always a chance.
So, what was the revelation in that interview~?

BTW, Piers Morgan is a crack pot IMO.

So your saying that their is a chance

🚨BREAKING: GameStop CEO Ryan Cohen Signals He's Seriously Considering a Hostile Takeover of eBay in @piersmorgan Interview.

''I'm definitely not going to give up.''

''I'm not going to stop.''

''I'm going to do everything I need to do to maximise $GME shareholder value.'' pic.twitter.com/c8IniLdsLb— Sneed (@sneedweb) June 19, 2026

RC new interview with PM 6-19-26

As I listen carefully

He said GME has cash invested
And he said that he is invested

If you read into the statement I’m lead to believe that GME owns 9.8% and RC owns just under 5%

GLTA

If proposal 4 did pass great~!
If proposal 4 did not pass, no worries, special meeting will be coming IMO.

Regardless, what RC is doing to capture EBAY is significant.
Thanks DR.

XRT day 32 on Reg Sho list

https://www.nyse.com/regulation/regulation-sho

Due note that the longest period of time that
XRT has been recorded was 65 days

Sept 19 2023 thru Nov 22 2023

Note the GME historical value data

Sept 18 2023 GME PPS 17.80 or so
They brought it down
Nov 22 2023 GME PPS 12.10 low
About ten days later the PPS drifted back to where they started the event
Dec 18 2023 GME PPS about 18$

Now looking back
Friday May 1 2026 GME PPS 26.88 high
Monday May 4th GME PPS 24.75$ or so
Concorde Mayo 2026 GME PPS 24.73 high

Sept. Push ?? Up into the warrants??

Interesting

GLTA

Interesting list of examples

https://mnacommunity.com/insights/hostile-takeover-examples/

GLTA

GTA6 is just around the corner

https://www.rockstargames.com/newswire/article/517oa135328155/grand-theft-auto-vi-pre-orders-begin-on-june-25

Jimmy will get 5-7 days of presales on the 2Q books

Plus everything else

Can we say

Revenue is increasing??

GLTA

Preliminary findings are

negative for proposal 4

https://central.virtualshareholdermeeting.com/vsm/web?pvskey=EBAY2026

Final results are due next week

Long game is coming

FYI

Longer runway will give GME more funds to work with

GLTA

If true and soon to be confirmed

https://x.com/xMarketNews/status/2067298036896657579

The game moves to the next stage

GLTA

Doesn't necessarily have to happen at the SHM.
If RC accrues enough of a position he can call a special meeting himself.

Just saying even if nothing has happened........

Big morning tomorrow during market hours

https://east.virtualshareholdermeeting.com/vsm/web?pvskey=EBAY2026

For those who want to join in real time

But the market will all ready will know

GLTA

Market ETF mechanics

https://www.reddit.com/r/Superstonk/comments/1u7hrrf/roaring_kitty_changed_his_profile_pic_on_512_to/

XRT has been on the threshold list for 29 days

https://www.nyse.com/regulation/regulation-sho

Then add the FTDs from the previous month

Looks like they will punt it 4 days

Since June between the sheets banking holiday will delay settlement for 3-4 days

Maybe the EOM catalyst will hit in correlation with the eBay shareholders meeting announcement of approval of proxy #4

The 10% threshold for requesting a refund of CEOs golden tickets

lol

GLTA

Too many bubbles and NOBODY is doing anything about it. Just let it happen and put the blame on others.

I once thought Credit Unions were a safer haven then ISDA banks. Not so sure anymore. I think MONEY is tight EVERYWHERE although
with this administration one would think it grows on trees.

Weren't the Japanese dumping US treasuries and going into GOLD/SILVER~?

Should be very interesting for both $GME and $AMC should either squeeze. Halts will be the norm.

GLTY

Prophecy is coming

https://www.cnbc.com/2026/06/16/boj-rate-hike-historic-inflation.html

Japanese rates are going higher

Yen is yet to be stabilize

The great unwinding is coming soon

GLTA

Interesting indeed. Thanks for that tidbit.
I think RC has got this, but my cart is before the horse.

Get out your popcorn.

Ya know why too

The board and one of their best friends don’t have 20% membership

That’s also by design due to Delaware State law that governs Delaware corporations to 15% membership has defined requirements and regulations that oversee activities of trade and investment

So eBay has set up that corporate governance to protect the company board members from taking action against the cash cow for the many hedge funds that have made investments and side deals and service contracts with the company that they own and thus lend those shares out to others who play the game

Interesting 🤔

GLTA

If RC gets to the point where he can call a "special meeting" it will get mighty interesting.

Right now there is no poison pill in place for EBay to take action in the event of a hostile take over. EBay's BoD is well aware of that and
cannot do a thing about it.

GME holds 2.48m ebone shares

https://www.sec.gov/Archives/edgar/data/1065088/000119312526266212/d161390d425.htm

They will be getting a ebaneq divy in July

Before the quarter ends

lol 😂

GLTA

Thank you eBay for the dividend

Next quarter will have the GME growing cash

Added to the balance.31$ per share

Next divy will occur before GMEs 2nd quarter closes and the shares counts are growing

Looks like eBay is going to pay for eBay to be sold one dividend at a time

GLTA

Next week is a big week

eBay proposal 4

Will be a catalyst for the stock

Positive or Negative

If a positive result the deal goes down sooner than later

GLTA

I think this plan is going to happen soon

I don't know about "soon, but it has caught the attention of someone who I respect a whole lot.



Enjoy~!

New 425 Sec filing

https://www.sec.gov/Archives/edgar/data/1065088/000119312526260341/d28687d425.htm

HSR act waiting period has been completed

GME owns 9% and has 835k shares

Plus call puts pairs that are ITM

GLTA

Little hype



The count down has begun

GLTA

GME buying shares at under 110$

https://www.sec.gov/Archives/edgar/data/1065088/000119312526260340/xslSCHEDULE_13D_X02/primary_doc.xml

In addition to the derivative trading

When the stock gets converted into GMe New

GME eBay shares will return 1/2 cash per share and 1/2 stock

Brilliant how money flows for future capital gains for 2nd or 3rd quarters 2026

GLTA

GLTA

Have you ever wondered why

So many companies are relocating their corporate state incorporation to Texas from Delaware? Did the Delaware Chancellery court have any legal rulings or findings that are relevant to the actions that are taking effect and are gaining momentum and pace

eBay once the shares are sold and converted into GME new shares will be the next big corporation to make this next big move

Out of California and Delaware to Texas

Interesting

GLTA

I think this plan is going to happen soon

https://www.reddit.com/r/Superstonk/comments/1ty879q/the_ebay_annual_shareholder_meeting_and_gamestops/?utm_source=app_first_navigation&mweb_loid=t2_1etd02id5a

Next up 10% holdings and call exercise

GameStop Corp. increases economic ownership of eBay AGAIN to 9.0% in new 13D with exposure to 39,874,306 shares. $GME pic.twitter.com/9DOrTBXPpq— Reese Politics (@ReesePolitics) June 6, 2026

If eBay holders approve the 10% plan to allow shareholders to call for a special meeting

If hedge funds are cash deprived they have an opportunity to shore up their cash reserves by authorizing the proposal and then accept the offer


GME now holds 9% and growing

GLTA

I wish more of the companies in my portfolio had a "clown" for a CEO.

Just stated the facts concerning GME's actual ownership and paltry stake in eBay in response to a post inaccurately portraying GME's e-bay share ownership.

LOL, still shaking your head, or banging it?

GME releases earning early

Timeline rewards

Best Quarterly Earnings ever
Revenue is growing
Profit is increasing

And

The GME board has allocated more money for share purchases 2.0b$ from 100m$

Lastly the free cash flow is growing

https://finance.yahoo.com/markets/stocks/articles/gamestop-discloses-first-quarter-2026-204100458.html

GLTA

GameStop Discloses First Quarter 2026 ResultsJune 2, 2026 4:41 PM
Business Wire GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the first quarter ended May 2, 2026. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. FIRST QUARTER HIGHLIGHTS Highest quarterly net income in GameStop’s history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion. FIRST QUARTER OVERVIEW Net sales were $835.3 million for the first quarter, compared to $732.4 million in the prior year's first quarter. Selling, general and administrative (“SG&A”) expenses were $201.6 million for the first quarter, compared to $228.1 million in the prior year's first quarter. Operating income was $143.3 million for the first quarter, the highest first quarter operating income in GameStop's history, compared to an operating loss of $10.8 million in the prior year's first quarter. Excluding impairment and other items, adjusted operating income was $140.5 million for the first quarter compared to an adjusted operating income of $27.5 million in the prior year's first quarter. Net income was $389.6 million for the first quarter, compared to net income of $44.8 million for the prior year’s first quarter. Excluding impairments, gain on digital assets and related receivables, unrealized gain on derivative asset, and other items, adjusted net income was $179.3 million for the first quarter compared to an adjusted net income of $73.1 million for the prior year's first quarter. Total cash, cash equivalents, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset were $9.7 billion at the close of the first quarter. This included $8.4 billion of cash, cash equivalents, and marketable securities (compared to $6.4 billion at the close of the prior year's first quarter), $1.0 billion in collateral pledged for derivative asset during the quarter, and approximately $0.4 billion in digital assets and related receivables. On June 2, 2026, the Company's Board of Directors unanimously approved a discretionary $2.0 billion share repurchase authorization through June 2, 2029, replacing the prior authorization from March 2019. NON-GAAP MEASURES AND OTHER METRICS As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles ("GAAP"), GameStop may use certain non-GAAP measures, such as adjusted SG&A expenses, adjusted operating income (loss), adjusted net income (loss), adjusted net income (loss) per share, adjusted EBITDA and free cash flow. The Company believes these non-GAAP financial measures provide useful information to investors in evaluating the Company’s core operating performance. Adjusted SG&A expenses, adjusted operating income (loss), adjusted net income (loss), adjusted net income (loss) per share and adjusted EBITDA exclude the effect of discretely managed items such as certain transformation costs (including severance and other costs), asset impairments, gain (loss) on digital assets and related receivables, unrealized gain (loss) on derivative asset, as well as divestiture costs, which we believe is useful in providing period to period comparisons. Free cash flow excludes capital expenditures otherwise included in net cash flows provided by (used in) operating activities, and therefore measures our ability to generate additional cash from our business operations, which we believe is an important financial measure for use by investors in evaluating the Company's financial performance. The Company’s definition and calculation of non-GAAP financial measures may differ from that of other companies. Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the Company’s financial position, results of operations or cash flows and should therefore be considered in assessing the Company’s actual and future financial condition and performance. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of terms such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "pro forma," "seeks," "should," "will" or similar expressions. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season and on the popularity and sale of trading cards; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; how the Company incorporates artificial intelligence into workflows and processes, including customer-facing and operation activities, and challenges with properly managing its use; the Company’s ability to manage its profitability and cost reduction initiatives; the Company’s ability to complete its proposed acquisition of eBay Inc.; changes in senior management or the Company’s ability to attract and retain qualified personnel; the Company is highly dependent on the services of the Company’s Chairman of the Board and Chief Executive Officer, Ryan Cohen; if the grant of a 100% performance-based nonqualified stock option award (the “CEO Performance Award”) to Mr. Cohen is not approved by the Company’s stockholders or if the Company is unable to adequately incentivize Mr. Cohen to maintain his focus and priorities on the Company, the Company's ability to execute on its strategy and achieve its growth goals may be adversely impacted; the CEO Performance Award, if and to the extent the stock options associated become vested and are exercised, would result in dilution to the Company’s stockholders and could impact the Company’s stock price; potential damage to the Company’s reputation or customers' perception of the Company; the Company's ability, or the ability of the third parties with whom we work, to maintain the security of our information technology systems or data (including customer, associate or Company information); the Company's compliance with stringent and evolving laws and other obligations related to data privacy and security; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; changes to tariff and import/export regulations; potential litigation and other legal proceedings; the value of the Company's investment holdings; concentration of the Company's investment portfolio into one or fewer holdings; the recognition of losses in a particular investment even if the Company has not sold the investment; the execution and timing of share repurchases, if any, under the share repurchase authorization; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; the issuance of common stock upon the exercise of the warrants declared as part of the October 7, 2025 distribution to the holders of record of the Company's Class A common stock and holders of the Convertible Notes, in the form of warrants to purchase shares of common stock (the “Warrants”), may depress our stock price; future issuance of additional warrants may adversely affect the market price of the Warrants and the market price of the Company’s common stock; the Warrants do not automatically exercise, and any Warrant that is not exercised prior to their expiration date will lose all financial value; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to generate sufficient cash flow to fund its operations; the $1.5 billion 0.00% Convertible Senior Notes due 2030 (the “Convertible 2030 Notes") and $2,250.0 million 0.00% Convertible Senior Notes due 2032 (the "Convertible 2032 Notes" and, collectively with the Convertible 2030 Notes, the "Convertible Notes") are the Company’s obligations only, and substantially all of our operations are conducted through, and a portion of our consolidated assets are held by, our subsidiaries; servicing the Convertible Notes requires a significant amount of cash, and the Company may not have sufficient cash flow from our business to make such payments, and we may incur additional indebtedness in the future; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on Company’s financial results; the Company's investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stable coins, and to the extent the Company holds Bitcoin or U.S. dollar denominated stable coins, the Company will be exposed to certain risks associated with Bitcoin or stable coins, respectively; the Company’s derivative strategy can expose it to counterparty risk; and the Company’s ability to maintain effective internal control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.       GameStop Corp.
Condensed Statements of Operations
(in millions, except per share data)
(unaudited)        13 Weeks Ended May 2, 2026   13 Weeks Ended May 3, 2025 Net sales   $ 835.3     $ 732.4   Cost of sales     495.0       479.6   Gross profit     340.3       252.8   Selling, general and administrative expenses     201.6       228.1   Asset impairments     (4.6 )     35.5   Operating income (loss)     143.3       (10.8 ) Interest income, net     (83.7 )     (56.9 ) Unrealized gain on derivative asset, net(1)     (268.4 )     —   Gain on digital assets and related receivables     (1.1 )     —   Other income, net     (9.9 )     (2.2 ) Income before income taxes     506.4       48.3   Income tax expense     116.8       3.5   Net income   $ 389.6     $ 44.8             Net income per share:         Basic income per share   $ 0.87     $ 0.10   Diluted income per share   $ 0.66     $ 0.09             Weighted-average common shares outstanding:         Basic     448.4       447.1   Diluted     592.3       497.9             Percentage of Net sales:                   Net sales     100.0 %     100.0 % Cost of sales     59.3       65.5   Gross profit     40.7       34.5   Selling, general and administrative expenses     24.1       31.1   Asset impairments     (0.6 )     4.8   Operating income (loss)     17.2       (1.5 ) Interest income, net     (10.0 )     (7.8 ) Unrealized gain on derivative asset, net     (32.1 )     —   Gain on digital assets and related receivables     (0.1 )     —   Other income, net     (1.2 )     (0.3 ) Income before income taxes     60.6       6.6   Income tax expense     14.0       0.5   Net income     46.6 %     6.1 %   (1) Represents unrealized gain on put and call option transactions, net of related expenses, entered into by the Company that provide economic exposure to shares of eBay Inc. common stock.          GameStop Corp.
Condensed Statements of Operations by Segment
(in millions, except per share data)
(unaudited)        United States   Australia   Europe   Total As of and for the three months ended May 2, 2026                 Net sales   $ 651.1   $ 99.6   $ 84.6     $ 835.3   Cost of sales     368.8     65.3     60.9       495.0   Gross profit     282.3     34.3     23.7       340.3   Selling, general and administrative expenses:     137.7     34.0     29.9       201.6   Store related     112.2     26.8     28.8       167.8   Other     25.5     7.2     1.1       33.8   Asset impairments     —     0.3     (4.9 )     (4.6 ) Operating income (loss)     144.6     —     (1.3 )     143.3   Interest income, net                 (83.7 ) Unrealized gain on derivative asset, net                 (268.4 ) Gain on digital assets and related receivables                 (1.1 ) Other income, net                 (9.9 ) Income before income taxes                 506.4   Income tax expense                 116.8   Net income                 389.6                     Property and equipment, net(1)     35.8     16.1     —       51.9   Capital expenditures     3.4     1.1     —       4.5     (1) Property and equipment, net for France (Europe) is classified in Assets held for sale on our Condensed Consolidated Balance Sheets.        United States   Canada   Australia   Europe   Total As of and for the three months ended May 3, 2025                     Net sales   $ 537.5   $ 38.2     $ 81.9     $ 74.8     $ 732.4   Cost of sales     343.6     28.2       55.0       52.8       479.6   Gross profit     193.9     10.0       26.9       22.0       252.8   Selling, general and administrative expenses:     160.3     13.9       32.3       21.6       228.1   Store related     131.6     11.3       26.6       22.4       191.9   Other     28.7     2.6       5.7       (0.8 )     36.2   Asset impairments     —     18.3       —       17.2       35.5   Operating income (loss)     33.6     (22.2 )     (5.4 )     (16.8 )     (10.8 ) Interest income, net                     (56.9 ) Other income, net                     (2.2 ) Income before income taxes                     48.3   Income tax expense                     3.5   Net income                     44.8                         Property and equipment, net(1)     37.5     —       16.7       —       54.2   Capital expenditures     1.2     0.1       1.0       0.6       2.9     (1) Property and equipment, net for Canada and France (Europe) is classified in Assets held for sale on our Condensed Consolidated Balance Sheets.          GameStop Corp.
Condensed Consolidated Balance Sheets
(in millions)
(unaudited)        May 2, 2026   May 3, 2025 ASSETS: Current assets:         Cash and cash equivalents   $ 7,397.6   $ 6,385.8 Marketable securities     970.5     — Receivables, net of allowance of $3.9 and $0.9, respectively     58.8     44.1 Derivative asset     285.3     — Collateral pledged for derivative asset     983.3     — Digital assets and related receivables     369.6     — Merchandise inventories, net     423.3     421.3 Prepaid expenses and other current assets     27.7     29.3 Assets held for sale     152.4     226.2 Total current assets     10,668.5     7,106.7 Property and equipment, net of accumulated depreciation of $492.6 and $572.5, respectively     51.9     54.2 Operating lease right-of-use assets     164.7     272.5 Deferred income taxes     26.0     18.7 Other noncurrent assets     63.2     50.5 Total assets   $ 10,974.3   $ 7,502.6           LIABILITIES AND STOCKHOLDERS’ EQUITY: Current liabilities:         Accounts payable   $ 263.4   $ 198.4 Accrued liabilities and other current liabilities     372.5     328.4 Current portion of operating lease liabilities     81.4     113.3 Liabilities held for sale     143.0     207.2 Total current liabilities     860.3     847.3 Long-term debt     4,166.1     1,480.7 Operating lease liabilities     91.6     167.8 Other long-term liabilities     14.2     19.4 Total liabilities     5,132.2     2,515.2 Total stockholders’ equity     5,842.1     4,987.4 Total liabilities and stockholders’ equity   $ 10,974.3   $ 7,502.6         GameStop Corp.
Condensed Consolidated Statements of Cash Flows
(in millions)
(unaudited)        13 Weeks Ended May 2, 2026   13 Weeks Ended May 3, 2025 Cash flows from operating activities:         Net income   $ 389.6     $ 44.8   Adjustments to reconcile net income to net cash flows from operating activities:         Depreciation and amortization     4.5       5.6   Stock-based compensation expense, net     8.5       5.5   Gain on digital assets and related receivables     (1.1 )     —   Unrealized gain on derivative asset     (285.1 )     —   Deferred income taxes     61.4       —   Loss (gain) on disposal of property and equipment, net     0.1       (1.5 ) Asset impairments     (4.6 )     35.5   Other, net     (7.8 )     (0.4 ) Changes in operating assets and liabilities:         Receivables, net     (6.9 )     12.0   Merchandise inventories, net     (16.6 )     (10.1 ) Prepaid expenses and other current assets     9.0       6.7   Prepaid income taxes and income taxes payable     39.5       (1.6 ) Accounts payable and accrued liabilities     153.5       110.3   Operating lease right-of-use assets and liabilities     (6.7 )     (0.6 ) Changes in other long-term liabilities     0.3       (13.7 ) Net cash flows provided by operating activities     337.6       192.5   Cash flows from investing activities:         Capital expenditures     (4.5 )     (2.9 ) Purchases of marketable securities     (6.4 )     (14.7 ) Proceeds from maturities and sales of marketable securities     1,727.9       22.6   Collateral pledged for derivative asset     (983.3 )     —   Proceeds from written options on digital assets     5.8       —   Proceeds from other divestitures, net of cash disposed     —       2.2   Other     3.4       0.1   Net cash flows provided by investing activities     742.9       7.3   Cash flows from financing activities:         Proceeds from the issuance of convertible debt     —       1,500.0   Debt issuance costs from convertible debt     —       (19.3 ) Repayments of debt     —       (2.7 ) Proceeds from French term loans     1.4       —   Proceeds from the exercise of warrants     0.1       —   Proceeds from equity awards directly withheld from employees for tax purposes     2.9       2.3   Payments to tax authorities for equity awards directly withheld from employees     (2.9 )     (2.3 ) Net cash flows provided by financing activities     1.5       1,478.0   Exchange rate effect on cash, cash equivalents and restricted cash     1.7       5.9   Less: Net change in cash balance classified as assets held for sale     —       (49.4 ) Increase in cash, cash equivalents, and restricted cash     1,083.7       1,634.3   Cash, cash equivalents and restricted cash at beginning of period     6,328.1       4,789.8   Cash, cash equivalents and restricted cash at end of period   $ 7,411.8     $ 6,424.1           Schedule I
Sales Mix
(in millions)
(unaudited)        13 Weeks Ended May 2, 2026   13 Weeks Ended May 3, 2025           Net   Percent   Net   Percent Net Sales:   Sales   of Total   Sales   of Total Hardware and accessories(1)   $ 333.7   39.9 %   $ 345.3   47.1 % Software (2)     152.7   18.3 %     175.6   24.0 % Collectibles (3)     348.9   41.8 %     211.5   28.9 % Total   $ 835.3   100.0 %   $ 732.4   100.0 %   (1) Includes sales of new and pre-owned hardware, accessories, hardware bundles in which hardware and digital or physical software are sold together in a single SKU, interactive game figures, strategy guides, mobile and consumer electronics.  (2) Includes sales of new and pre-owned video game software, digital software and PC entertainment software.  (3) Includes the sale of apparel, toys, trading cards, gadgets, other retail products for pop culture and technology enthusiasts, and submission services for the authentication and grading of trading cards.          GameStop Corp.
Schedule II
(in millions, except per share data)
(unaudited) Non-GAAP results The following tables reconcile the Company's selling, general and administrative expenses (“SG&A expense”), operating income (loss), net income (loss) and net income (loss) per share as presented in its unaudited consolidated statements of operations and prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to its adjusted SG&A expense, adjusted operating income (loss), adjusted net income (loss), adjusted net income (loss) per share and adjusted EBITDA. The diluted weighted-average shares outstanding used to calculate adjusted net income per share may differ from GAAP weighted-average shares outstanding. Under GAAP, basic and diluted weighted-average shares outstanding are the same in periods where there is a net loss. The tax adjustments below for the 13 weeks ended May 2, 2026 and 13 weeks ended May 3, 2025 include provisions for the tax effects of non-GAAP adjustments. The reconciliations below are from continuing operations only.     13 Weeks Ended   13 Weeks Ended     May 2, 2026   May 3, 2025 Adjusted SG&A expense SG&A expense   $ 201.6     $ 228.1   Transformation costs(1)     (1.8 )     (2.8 ) Adjusted SG&A expense   $ 199.8     $ 225.3             Adjusted Operating Income (Loss)         Operating income (loss)   $ 143.3     $ (10.8 ) Transformation costs(1)     1.8       2.8   Asset impairments(2)     (4.6 )     35.5   Adjusted operating income (loss)   $ 140.5     $ 27.5             Adjusted Net Income         Net Income   $ 389.6     $ 44.8   Transformation costs(1)     1.8       2.8   Divestitures and other     —       —   Asset impairments(2)     (4.6 )     35.5   Gain on digital assets and related receivables     (1.1 )     —   Unrealized gain on derivative asset     (268.4 )     —   Income tax impact of adjustments     62.0       —   Adjusted net income   $ 179.3     $ 83.1             Adjusted net income per share         Basic   $ 0.40     $ 0.19   Diluted     0.30       0.17             Number of shares used in adjusted calculation         Basic     448.4       447.1   Diluted     592.3       497.9     (1) Transformation costs include severance, stock-based compensation forfeitures related to workforce optimization efforts and departures of key personnel, adjustments to reserves for expenses for consultants and advisors related to transformation initiatives, and other costs in connection with the transformation initiatives.  (2) Asset impairments include amounts incurred in connection with the divestiture of our operations in France and New Zealand in the current year, and France and Canada in the prior year.          13 Weeks Ended   13 Weeks Ended     May 2, 2026   May 3, 2025 Reconciliation of Net Income to Adjusted EBITDA         Net income   $ 389.6     $ 44.8   Interest income, net     (83.7 )     (56.9 ) Depreciation and amortization     4.5       5.6   Income tax expense     116.8       3.5   EBITDA   $ 427.2     $ (3.0 ) Stock-based compensation     8.5       5.5   Transformation costs(1)     1.8       2.8   Divestitures and other     —       (2.2 ) Asset impairments(2)     (4.6 )     35.5   Gain on digital assets and related receivables     (1.1 )     —   Unrealized gain on derivative asset     (268.4 )     —   Adjusted EBITDA   $ 163.4     $ 38.6     (1) Transformation costs include severance, stock-based compensation forfeitures related to workforce optimization efforts and departures of key personnel, adjustments to reserves for expenses for consultants and advisors related to transformation initiatives, and other costs in connection with the transformation initiatives.  (2) Asset impairments include amounts incurred in connection with the divestiture of our operations in France and New Zealand in the current year, and France and Canada in the prior year.          GameStop Corp.
Schedule III
(in millions)
(unaudited) Non-GAAP results The following table reconciles the Company's cash flows provided by operating activities as presented in its unaudited Consolidated Statements of Cash Flows and prepared in accordance with GAAP to its free cash flow. Free cash flow is considered a non-GAAP financial measure. Management believes, however, that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use by investors in evaluating the Company’s financial performance.   13 Weeks Ended   13 Weeks Ended   May 2, 2026   May 3, 2025 Net cash flows provided by operating activities $ 337.6     $ 192.5   Capital expenditures   (4.5 )     (2.9 ) Free cash flow $ 333.1     $ 189.6   Non-GAAP Measures and Other Metrics Adjusted EBITDA, adjusted SG&A expense, adjusted operating income (loss), adjusted net income (loss) and adjusted net income (loss) per share are supplemental financial measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. We believe that the presentation of these non-GAAP financial measures provides useful information to investors in assessing our financial condition and results of operations. We define adjusted EBITDA as net income before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs (including severance and other costs), business divestitures, asset impairments, gain (loss) on digital assets and related receivables, unrealized gain (loss) on derivative asset, and other non-cash charges. Net income is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include: certain items excluded from adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure; adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; and our computations of adjusted EBITDA may not be comparable to other similarly titled measures of other companies. We compensate for the limitations of adjusted EBITDA, adjusted SG&A expense, adjusted operating income (loss), adjusted net income (loss) and adjusted net income (loss) per share as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA, adjusted SG&A expense, adjusted operating income (loss), adjusted net income (loss) and adjusted net income (loss) per share are provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA, adjusted SG&A expense, adjusted operating income (loss), adjusted net income (loss) and adjusted net income (loss) per share may be defined and determined differently by other companies in our industry, our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602208667/en/ GameStop Investor Relations
817-424-2001
ir@gamestop.com Original: GameStop Discloses First Quarter 2026 Results

the justices requested input from President Donald Trump’s administration on whether the case warrants consideration.

Why not channel Al Capone to get his thoughts on what should be done to the HOOD.
Or ask the fox in the hen house which hen tastes best.

Unreal..........

WOW~!

LMAO! GME owns just 25,000 shares or just .006% of EBAY. The derivative-linked put/call pairs do not represent or constitute any direct ownership. SMH

Robinhood Seeks Supreme Court Intervention in IPO Investor Lawsuit (HOOD)June 1, 2026 10:46 AM
IH Market News Robinhood Markets (NASDAQ:HOOD) is one step closer to having its IPO-related legal battle reviewed by the U.S. Supreme Court after the justices requested input from President Donald Trump’s administration on whether the case warrants consideration. The move signals that the nation’s highest court is evaluating Robinhood’s effort to halt a lawsuit brought by investors who claim the company misled the market about its business prospects ahead of its 2021 public listing. Supreme Court Requests Government View The Supreme Court is weighing whether to hear Robinhood’s appeal of a lower court ruling that reinstated a proposed class-action lawsuit tied to the company’s initial public offering. The case centers on allegations that Robinhood failed to adequately inform investors about risks to its business as trading activity linked to meme stocks and cryptocurrencies began to fade before the company went public in July 2021. By requesting the views of the federal government, the court is taking a common procedural step before deciding whether to accept the appeal. Investors Challenge IPO Disclosures The lawsuit was filed by investors who purchased Robinhood shares connected to the IPO and alleges violations of the Securities Act of 1933. According to the plaintiffs, Robinhood did not provide sufficient disclosure regarding factors that could negatively affect revenue growth and key operating metrics. They argue that the company’s financial performance weakened after the IPO, contributing to a sharp decline in the stock price and causing losses for shareholders. Focus on Meme Stock and Cryptocurrency Trading Central to the investors’ claims is the argument that Robinhood was heavily dependent on unusually high levels of trading activity driven by retail speculation in meme stocks and digital assets. The plaintiffs contend that the company failed to properly disclose its reliance on trends involving social media-fueled trading in securities such as GameStop (NYSE:GME) and the cryptocurrency Dogecoin. According to the lawsuit, enthusiasm surrounding these assets had already begun to cool months before Robinhood’s public debut, creating risks to the company’s future growth trajectory. Robinhood Defends Its IPO Filings Robinhood has rejected the allegations and maintains that its offering documents provided extensive warnings about potential business risks. The company argues that the extraordinary surge in trading volumes during early 2021 was clearly addressed in its IPO materials and that investors were informed about the possibility that activity tied to meme stocks and Dogecoin could decline. Robinhood further contends that its disclosures adequately described the potential impact of changing market conditions on future financial performance. Next Step in Ongoing Legal Battle The Supreme Court has not yet decided whether it will hear the case. For now, attention will turn to the response from the Trump administration, which could influence the court’s decision on whether the dispute raises broader legal questions worthy of review. If the justices ultimately agree to hear the appeal, the case could have implications for disclosure standards and investor litigation involving companies entering public markets. Robinhood stock price Original: Robinhood Seeks Supreme Court Intervention in IPO Investor Lawsuit (HOOD)

The calendar is being laid out for shareholders

GME offer
eBay Renegade option
GME inventory increases 7.8%
GME earnings q1 2026 on 9 June
I think a monster report is coming
eBay Shareholders meeting
a week later 17 June proposal 4 on the table

What is the shareholder record date for this vote?

20 April 2026 thus GME can vote 25k votes

eBay too reports vote totals

Enay 2q ends 30 June 2026

GME shareholders meeting 9 July

Proposal to increase share treasury for 2.5b shares and others things too

GME to report vote totals

eBay reports 2q earnings

GME 2q ends 31 July

GME reports earnings 2q

Things too looks for sec filings that GME exercised calls and increased its holdings up to just under 15% shares and or derivative positions

GLTA

Cards are being laid out for each player to see

GME derivatives now 7.8% ownership

FYI
Delaware Corp Law only allows 15% ownership with out any restrictions trading

eBay has corporate governance of 20% stock ownership can call for a special shareholder meeting

https://www.sec.gov/Archives/edgar/data/1065088/000155278126000285/e26002_ebay-def14a.htm

Page 75

The last three meetings a 47% of the vote has been noted to this proposal 4 on prior votes

It may only take 4-5% to make the mark for Ryan to be able to call for a vote on the issue before the shareholders of 1/2-1/2

Just a question

If GME buys eBay Stock then convert those shares to the new company GameBay

Will GME get the monkey50% cash back from the trade? Plus the option price profits offset share purchase price from call sellers

Thus far there is a good chance that the eBay call sellers and eBay share borrowers or eBay collateral holders could have to pay for the transaction if the sale goes through like Porsche / VW did in 2008 ?

One may want to look 👀 very
Closely where they are hedged

GLTA

GME buys more 7.54%

https://www.sec.gov/Archives/edgar/data/1065088/000119312526240384/d78215d425.htm

GLTA