Premium Only Content

GameStop Shares Surge After Posting a Quarterly Profit
GameStop, the video game retailer that captured headlines during the "meme stock" frenzy earlier this year, has posted its first quarterly profit in two years.
For the quarter ending January 28th, the company reported a profit of $48.2 million, compared to a loss of $147.5 million the previous year.
Despite a slight drop in net sales, GameStop's efforts to reduce costs and improve profitability seem to be paying off.
Investors responded positively to the news, with the company's stock surging by 35% during after-hours trading.
GameStop has been working to revamp its real estate portfolio and increase its online presence, as the video game industry shifts in that direction.
The retailer has also been experimenting with new ventures, such as an NFT marketplace, but these have not yet yielded significant results.
GameStop's turnaround plan has been given a boost by a leadership shake-up earlier this year, which saw Amazon veteran Matt Furlong take over as CEO and Chewy founder Ryan Cohen become board chair.
The company has also laid off staff and replaced its chief financial officer. However, GameStop still faces challenges such as supply chain delays and a backlog of inventory.
The retailer's results cannot be compared to Wall Street estimates, as too few analysts cover the company.
Despite this, GameStop's recent performance has given investors hope that the company can turn its fortunes around and establish a stable digital presence.
-
LIVE
Sean Unpaved
59 minutes agoBig 12 Heat, Cash & Class, & Country Club Ball
106 watching -
LIVE
Flyover Conservatives
12 hours agoDR. BRYAN ARDIS: The Back-to-School Vaccine Checklist They Don’t Want You to Question | FOC Show
551 watching -
LIVE
Rebel News
58 minutes ago'Foreigners' stare at pool, Violent far-left protester, Trump defends women's sports | Rebel Roundup
359 watching -
56:10
The Rubin Report
3 hours agoBill Nye Discredits Himself with A Laughably Unscientific ‘Solution’ to Extreme Weather
131K74 -
LIVE
LFA TV
17 hours agoLFA TV ALL DAY STREAM - THURSDAY 7/10/25
2,827 watching -
2:03:15
Benny Johnson
3 hours ago🚨UNEARTHED: Epstein ADMITTED He 'Worked for CIA' as FBI Responds: 'You Will Get The Files...'
89K170 -
1:40:06
The Mel K Show
2 hours agoMORNINGS WITH MEL K -7/10/25
18.9K9 -
54:37
Grant Stinchfield
2 hours ago $1.37 earnedEpstein Files Could Ignite Middle East Firestorm— Trump Hits the Panic Button?
13K10 -
1:03:55
The Shannon Joy Show
2 hours ago🔥🔥ALERT!! Medical Freedom Doc Kirk Moore Is Facing 35 Years In Federal Prison, Persecuted By Trump’s DOJ And Forgotten By #MAHA!🔥🔥
13.2K7 -
14:37
Michael Button
3 days ago $2.07 earnedEvidence For LOST Ancient Civilization is Growing 🤯
21.7K7