Video game retailer GameStop has forecast net sales of between $780m and $800m for its second quarter (Q2), ended 1 August 2026, down from $972.2m in the equivalent period a year earlier.
The US-based company pointed to three factors behind the anticipated decline: the launch of the Nintendo Switch 2 in the prior-year quarter, planned store closures, and the sale of its operations in France.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Despite the lower revenue outlook, GameStop expects operating income of $150m to $170m, up from $66.4m in Q2 2025.
Net income is projected at $290m to $310m, compared with $168.6m previously.
The retailer said the anticipated net income figure includes roughly $238m in net gains tied to its derivative asset and equity investment in eBay, partially offset by an estimated $75m loss relating to digital assets and associated receivables.
Cash, cash equivalents and marketable securities are expected to total $5.05bn to $5.07bn at quarter-end, down from $8.69bn a year earlier.
As of 1 August 2026, the company held approximately 43.4 million eBay shares, valued at around $4.94bn.
GameStop said it plans to publish full second-quarter results on 8 September 2026.
The forecast follows reports last month that the company was weighing whether to abandon its $55.5bn takeover bid for eBay in favour of a partnership or joint venture arrangement.
CEO Ryan Cohen led the unsolicited, non-binding offer made in May to acquire eBay in a cash-and-stock transaction valued at $55.5bn, or $125 per share.
eBay’s board rejected the proposal that same month, describing it as “neither credible nor attractive”.
In its first quarter, GameStop reported a sharp improvement in earnings and operating performance, aided by continued growth in its collectibles division, which contributed to a 14% rise in net sales for the quarter ended 2 May 2026.
