GameStop Reports Record Profit and Announces $2 Billion Buyback Amid eBay Acquisition Tensions

GameStop (GME) reported a record net income of $390 million for Q1 FY2026, driving its stock up by over 10%. The company also announced a new $2 billion share buyback program. Ryan Cohen increased his stake in eBay to 7% after it rejected his $56 billion acquisition offer.

By David Moadel Wed, June 3, 2026 at 4:23 PM GMT+3 4 min read · Yahoo Finance · June 3, 2026, 13:23 UTC

Tickers: $EBAY $GME

Topics: buyback program eBay GameStop takeover attempt

Read the full article at Yahoo Finance

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