EBay Yatırım Düşük Satışları Dengelediğinden GameStop Daha Yüksek Kâr Görüyor

GameStop Sees Higher Profit as eBay Investment Offsets Lower Sales

Mon, August 31, 2026 at 3:17 PM GMT+3 3 min read

• GME -2.08%
• EBAY +3.59%

GameStop expects second-quarter profit to climb, boosted by investment gains from its stake in eBay, but said sales likely fell from a year earlier.

The videogame retailer on Monday said it anticipates net income of $290 million to $310 million for its 13 weeks ended Aug. 1, up from net income of $168.6 million in last year's comparable quarter.

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The forecast includes about $238 million of net gains related to its eBay derivative asset and equity investment, partially offset by a loss of roughly $75 million on digital assets and related receivables, the company said.

GameStop said it converted its previously disclosed derivative position related to eBay into direct equity investments during the quarter, resulting in a decrease in cash, cash equivalents and marketable securities.

GameStop shares rose 3.8% to $18.55 in premarket trading.

The company's second-quarter net sales are projected to come in between $780 million and $800 million, down from the $972.2 million it posted last year. The company said the decrease primarily reflects the prior-year launch of Nintendo's Switch 2, planned store closures and the divestiture of its French operations.

GameStop Chief Executive Ryan Cohen earlier this year made an unsolicited offer to buy eBay for about $56 billion, saying he saw a path to make the e-commerce company a much bigger competitor to Amazon.com.

EBay later rejected Cohen's proposal as "neither credible nor attractive," though Cohen has maintained publicly that he will keep trying to pursue a deal.

GameStop has amassed a 7.78% stake in eBay, according to a May filing with the Securities and Exchange Commission.

Separately, GameStop said it amended a deal to retire $1.4 billion in zero-coupon convertible notes due in 2030 and 2032.

As originally structured, the exchange was to be settled entirely in shares of GameStop's Class

A common stock, with the number of shares based in part on the volume-weighted average price of the stock over a 35-trading-day reference period that began on Aug. 3.

The company will instead pay out the remainder for $358.4 million in cash to avoid issuing additional shares.

Write to Connor Hart at Connor.Hart@wsj.com

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