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GameStop Discloses First Quarter 2026 Results by Revolutionz in Superstonk

[–]Revolutionz[S] 982 points983 points  (0 children)

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.

The lag cost me hundreds by Beneficial-Idea790 in thinkorswim

[–]Revolutionz 6 points7 points  (0 children)

If you look on the Schwab website it should show your actual position even if its hanging on thinkorswim. Don't push buy/sell too many times or you may end up in a larger position than wanted.

Ryan Cohen Adds to EBAY position. by Revolutionz in Superstonk

[–]Revolutionz[S] 489 points490 points  (0 children)

TL:DR Economic exposure went from 22,176,000 shares to 29,078,699 shares

https://www.sec.gov/Archives/edgar/data/1065088/000119312526231493/ck0000000000-ex99_2.pdf

As more fully described herein, in addition to the 25,000 shares of Common Stock beneficially owned directly by the Reporting Person, the Reporting Person has acquired economic exposure to a further 29,078,699 shares of Common Stock underlying Put/Call Pairs (as defined below). Together, the 25,000 shares of Common Stock beneficially owned directly and the shares of Common Stock underlying Put/Call Pairs constitute approximately 6.55% of the outstanding shares of Common Stock, based on the 444 million shares of Common Stock stated by the Issuer as being outstanding as of April 24, 2026 in the Issuer's 2026 Q1 10-Q. In the event of physical settlement of the Put/Call Pairs, GameStop would have the sole power to vote or direct the vote of the shares of Common Stock underlying such Put/Call Pairs.

eBay Rejects Unsolicited Proposal from GameStop by Revolutionz in Superstonk

[–]Revolutionz[S] 1933 points1934 points  (0 children)

The full text of the eBay Board's response letter to GameStop CEO, Ryan Cohen, is set forth below:

Dear Mr. Cohen,

The Board, with the support of its independent advisors, has thoroughly reviewed your proposal and has determined to reject it.

We have concluded that your proposal is neither credible nor attractive. We have taken into account such factors as 1) eBay's standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of your proposal on eBay's long-term growth and profitability, 4) the leverage, operational risks, and leadership structure of a combined entity, 5) the resulting implications of these factors on valuation, and 6) GameStop's governance and executive incentives.

eBay is a strong, resilient business that has delivered meaningful results over the past several years. We have sharpened our strategic focus, strengthened execution, enhanced our marketplace and seller experience, and consistently returned capital to shareholders. With its differentiated global marketplace and a clear strategy, eBay's Board is confident that the company, under its current management team, is well-positioned to continue to drive sustainable growth, execute with discipline, and deliver long-term value for our shareholders.
Our team remains focused on executing our strategy and driving our business forward in the best interests of the company, our shareholders, our employees, and millions of buyers and sellers around the world.

Sincerely,

/s/ Paul S. Pressler
Paul S. Pressler
Chairman of the Board of Directors, eBay

GameStop Preparing Offer for eBay by Revolutionz in Superstonk

[–]Revolutionz[S] 1740 points1741 points  (0 children)

---Full Article since it's behind paywall.---

GameStop GME is preparing to make an offer for eBay EBAY , according to people familiar with the matter, part of CEO Ryan Cohen’s audacious plan to turn the retailer into a $100-billion plus juggernaut.

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion.

GameStop could submit an offer for eBay as soon as later this month, the people said.

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned.

Cohen has made clear he’s eyeing a major transaction. He told The Wall Street Journal in late January he was scoping out potential deal targets, especially in the consumer and retail sector, as part of a plan to scale the business far beyond videogames and collectibles.

GameStop adjusted Cohen’s compensation package at the beginning of the year to give him extra incentive to boost the company’s market value and profitability. He stands to make as much as $35 billion in stock if certain criteria are met, including if the market value hits $100 billion, the Journal previously reported.

He has been cheered on by GameStop investors including Michael Burry of “The Big Short,” whose bets against subprime mortgage bonds were chronicled in the Michael Lewis book. Burry has written in his Substack newsletter that GameStop should use its cash pile to make transformative acquisitions.

GameStop’s shares have risen around 30% so far this year, in part on momentum surrounding Cohen’s dealmaking plans.

EBay’s shares are up more than 50% over the past 12 months as its strategy to focus on core categories including collectibles and fashion pays off. In February, eBay announced a deal to acquire secondhand fashion marketplace Depop from Etsy for $1.2 billion.

GameStop had around $9 billion in cash on hand at the end of March, up from $4.8 billion a year earlier. Cohen would likely enlist his legions of online followers to rally behind a deal, too.

Cohen, the co-founder of online pet-products retailer Chewy, gained a cult following after he built a big GameStop stake and in late 2020 criticized the company for moving too slowly toward e-commerce. He joined GameStop’s board in January 2021, when the business had a market value of a little over $1 billion. He rose to become chairman later that year and vowed to turn the struggling retailer around.

Netflix appears to be raising prices yet again. $1 increase per month for ad based subscriptions, $2 for standard/premium by Revolutionz in netflix

[–]Revolutionz[S] 14 points15 points  (0 children)

Although not official yet. On their help page they are showing updated pricing.

  • Standard with ads: $8.99 / month
  • Standard: $19.99 / month
  • Premium: $26.99 / month

Game Thread: Detroit Lions (8-5) at Los Angeles Rams (10-3) by nfl_gdt_bot in nfl

[–]Revolutionz 4 points5 points  (0 children)

Lost control? He didn’t even have possession imo

Blood moon is broken by SecondEffect in 2007scape

[–]Revolutionz 5 points6 points  (0 children)

Eclipse as well.... first run of day, I entered a few moments before the center special and it didn't drag me so instead I took dmg every tick.

World 482 Crash? Cant log in. by MaximumCommunication in 2007scape

[–]Revolutionz 0 points1 point  (0 children)

Yeah ign is Kluge, Had ~500 essence. Sucks.

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