| Ticker |
GME
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| CIK | 0001326380 |
| SIC | 5734 |
| Sector | Retail Trade |
| Industry Category | Retail |
| Industry Group | Retail – Computer And Computer Software Stores |
| Address | 625 WESTPORT PARKWAY, GRAPEVINE, TX, 76051 |
| Website | gamestop.com |
| Phone | 817-424-2000 |
| CEO | Ryan Cohen |
| Employees | 12,000 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Peter Schiff Slams Gamestop's Bitcoin Strategy As Shares Plummet: 'Now That All The Fools Have Already Rushed In, Smarter Investors Are Selling'Renowned economist Peter Schiff slammed GameStop Corp.’s (NYSE:GME) Bitcoin (CRYPTO: BTC) investment strategy as the company’s shares nosedived on Thursday. What Happened: Schiff took to X, chiming in on the video game retailer’s pullback. “GME is now ... GameStop Falls 22% After Bitcoin Announcement and Spike in Short SellingGameStop stock tumbles after Bitcoin investment plan, short interest spikes and analysts raise doubts over move 'Staggeringly bad judgment' for Bitcoin? Here's what you missed this weekBitcoin holds steady as SEC sees leadership shift, Crusoe pivots to AI, and GameStop signals major Bitcoin investment. Is GameStop the next Forever 21? Or MicroStrategy? Or Robinhood?No surprise here, GameStop (GME) produced another dreadful year of results in 2024. The gaming retailer reported sales last year crashed 27%. Adjusted operating profits tanked 94%. Sales fell by double-digits in every region GameStop operates, most importantly its largest market the US – sales declined 24.9%. The culprit? Persistent weakness in the gaming software industry as people are back in offices working and games can run more than $60 a pop. But the awful year for GameStop isn’t the headline maker for the company’s latest earnings release day. Nope, it’s the company saying it will now have an investment committee led by controversial chairman and CEO Ryan Cohen that will aim to invest in bitcoin (BTC-USD). The company has $4.775 billion in cash and thousands of store leases coming up for renewal, so it has the funds to dabble in such a bitcoin pivot. The question is this: should GameStop be considered a struggling retailer anymore? Or something else in the mold of Michael Saylor’s bitcoin buying former software play MicroStrategy (MSTR), now known as Strategy? Will Cohen turn it into a crypto trading platform like Robinhood (HOOD) and Coinbase (COIN)? Is he trying to follow Warren Buffett at Berkshire Hathaway (BRK-B) by taking a failed operation and building around it a highly lucrative investment portfolio? Who knows! But no doubt the perception of GameStop has just changed. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Bitcoin eyes $250K but only if it tops all-time highsBitcoin remains stable around, but analysts predict a major move ahead. Arthur Hayes sees a potential surge to $110,000, fueled by the Fed’s policy shift. |
