Actually, GameStop's revenue predictably declined due to closure of unprofitable stores. It had major improvements in free cash flow, ebitda etc. Basically all metrices aside from revenue improved and beat EPS by 110%. GameStop's transformation is not focused on video game sales, instead they saw double revenue from collectables compared to q1 2024.
GameStop has over $6b cash on hand and zero debt.
Rubbish AI do your own research [Love]
24H|Circle Drops Another 3% After Sinking 8%; GameStop Sinks 4%; GitLab Plunges 12%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- quote·06-11agreed fully with everything u said. However, algo love trading on negative news aka drop in revenue1Report
- Greendoge·06-12it was bad enough to be removed1Report
