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📈 Earnings Snippet: GameStop
The Wall Street Journal11d agoneutral
📈 Earnings Snippet: GameStop

GameStop on Tuesday posted a second-quarter profit of $298.7 million, compared with $168.6 million a year earlier. The videogame retailer’s net income came within the forecast range it had given last month.

GameStop Profit Rises, Boosts Full Year Outlook
The Wall Street Journal11d agoneutral
GameStop Profit Rises, Boosts Full Year Outlook

GameStop reported higher profit in its latest quarter, boosted by an increase in collectibles sales, and raised its full-year outlook. The videogame retailer on Tuesday posted a second-quarter profit of $298.7 million, or 51 cents a share, compared with $168.6 million, or 31 cents a share, a year earlier. Adjusted earnings per share were 27 cents.

EBay Bans Air-Bag Sales Following Deaths Involving Counterfeit Parts
The Wall Street Journal23d agoneutral
EBay Bans Air-Bag Sales Following Deaths Involving Counterfeit Parts

EBay is banning the sale of air bags and air-bag parts on its website, beginning next month, following multiple reports of fatalities involving components believed to be counterfeit and installed in used cars. The e-commerce platform said that air-bag inflaters—which ignite and rapidly fill an air bag during a crash—will no longer be permitted to be sold on eBay by any seller, nor will air bags themselves. “This decision was made following a comprehensive review of the risks these products may pose to eBay users,” the company said in a statement announcing the move.

5 Revealing Analyst Questions From eBay’s Q2 Earnings Call
StockStory36d agoneutral
5 Revealing Analyst Questions From eBay’s Q2 Earnings Call

eBay’s second quarter results were met with a negative market reaction despite surpassing Wall Street expectations for both revenue and non-GAAP profit. Management pointed to strong execution in focused categories, such as collectibles and fashion, as well as significant growth in the consumer-to-consumer (C2C) and recommerce segments. CEO Jamie Iannone highlighted that over 70% of gross merchandise volume (GMV) came from these strategic priorities, with each growing more than 20% year-over-year

GameStop's Cohen Said to Weigh Pulling $56 Billion EBay Bid
Bloomberg40d agoneutralVIDEO
GameStop's Cohen Said to Weigh Pulling $56 Billion EBay Bid

GameStop, led by Chief Executive Officer Ryan Cohen, is considering withdrawing its $56 billion bid for eBay Inc., according to people familiar with the matter. Bloomberg's Bailey Lipshultz joins to discuss this as well as how Switch filed confidentially for a US IPO, joining its data center peers in tapping demand for exposure to the artificial intelligence theme.

GameStop weighing withdrawal of eBay bid, Bloomberg News reports
Reuters40d agoneutral
GameStop weighing withdrawal of eBay bid, Bloomberg News reports

GameStop CEO Ryan Cohen is considering withdrawing the company's $56 billion ‌bid for eBay in favor of ‌a commercial partnership, Bloomberg News reported on Monday, ​citing people familiar with the matter. Cohen is considering a proposal that would allow eBay to leverage GameStop's roughly 1,600 U.S. retail locations, ‌potentially helping ⁠both companies expand market share in higher-margin categories such as trading ⁠cards and collectibles, the report said. As part of any partnership, GameStop would seek seats ​on eBay's ​board, Bloomberg reported.

Bloomberg40d agoneutral
GameStop’s Ryan Cohen Weighs Pulling $56 Billion EBay Offer

(Bloomberg) -- GameStop Corp., led by Chief Executive Officer Ryan Cohen, is considering withdrawing its $56 billion bid for eBay Inc., according to people familiar with the matter.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AIIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Stocks Waver Near Record Highs, Crude Oil Advances: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says Hormuz Deal Close But Its C

Funko Q2 Earnings Call Highlights
MarketBeat43d agoneutral
Funko Q2 Earnings Call Highlights

Funko (NASDAQ:FNKO) reported higher second-quarter sales, improved profitability and a raised adjusted EBITDA outlook as the collectible-products company said its “Make Culture POP!” strategy is gaining traction across regions, product categories and fan communities. Speaking during a presentation

eBay Q2 Earnings Call Highlights
MarketBeat44d agoneutral
eBay Q2 Earnings Call Highlights

eBay (NASDAQ:EBAY) reported second-quarter results that exceeded its guidance ranges and consensus expectations, driven by growth in focused categories, consumer-to-consumer sales, recommerce and newer initiatives including eBay Live, vehicles and shipping. Gross merchandise volume, or GMV, increas

Investing.com45d agoneutral
eBay beats estimates, stock rises modestly amid mixed guidance

Investing.com -- eBay Inc (NASDAQ:EBAY) reported second quarter results that exceeded analyst expectations for both earnings and revenue, though shares rose just 1% in after-hours trading Wednesday as the company issued mixed guidance for the current quarter.