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GameStop Forecasts Profit Surge to as Much as $310 Million Even as Sales Slide

GameStop logoGameStop
Sig2.91Sen+2.44Env0.00Soc-0.74Gov-0.10

GameStop expects a sharp jump in quarterly profit even as revenue falls, citing weaker core retail results and impacts from Nintendo’s Switch 2 launch, planned store closures, and the divestiture of its French operations. Forecast cash, equivalents and marketable securities total $5.05–$5.07 billion, down from $8.69 billion, as capital is used to build its eBay stake. eBay rejected GameStop’s unsolicited bid, and the company is set to exchange and cancel about $1.4 billion of notes for about 55.5 million shares and $358.4 million in cash.

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