GameStop Raises Full-Year EBITDA Outlook Following Strong Second-Quarter Profit Growth
GameStop reported a significant increase in second-quarter profitability, with net income rising by 77% to $298.7 million and operating earnings surging 141% to $160.2 million for the period ended August 1, 2026. The company raised its full-year adjusted EBITDA forecast above $650 million from a prior target of more than $600 million. Despite total net sales declining by 19% year-on-year to $790.2 million due to factors like the previous release of Nintendo Switch 2 and business divestitures, GameStop's collectibles segment saw robust growth—revenue increased by 57%, reaching $356.3 million and contributing nearly half of total sales. The retailer also improved overhead efficiency with a 14% reduction in SG&A expenses to $187.1 million from the prior year, while adjusted net income rose 16%. GameStop ended Q2 with $5.4 billion in liquid assets but reported a significant decline compared to last year's $8.7 billion.
Topics: Collectibles revenue EBITDA outlook GameStop Net income growth Q2 Earnings