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Is it still riding the meme stock wave or has GameStop made a turnaround?

by doginasuit 6mo ago

trillic 6mo ago
Liquid Assets: May 2020: $570.3 million Jan 2026: $9.013 billion
- SV_BubbleTime 6mo ago
  Who would down vote this? It’s true. Can people here really not keep their emotions in check enough to admit clearly obvious facts?
  - ferfumarma 6mo ago
    The entire conventional zeitgeist is denying plain truths that hurt your self image. It seems consistent that the same thing would happen here.
    - deleted 6mo ago
      [deleted]
  - turtlesdown11 6mo ago
    > Who would down vote this? It’s true. It's not an answer to the question of a turnaround, and therefore low quality information? How much you have in assets does not correlate with the ongoing success of the business. Examining the day to day business of Gamestop and excluding the memestock shenanigans leaves a very bad business. The core business has declining revenue - net sales 2016 $8.6b, 2025 $3.5b and still in decline. Cash flow from operations also continues to shrink. Store footprint has shrunk. The underlying business stinks, even if they made a ton of money selling stock, they haven't done anything significant to halt the spiral. To the poster below asking if I'm drunk. Please provide some sort of revenue citation to 18x? https://stockanalysis.com/stocks/gme/revenue/ https://stockanalysis.com/stocks/gme/revenue/
    - skeptic_ai 6mo ago
      [flagged]
    - maxk42 6mo ago
      I guess you missed the part where they turned around and became profitable.
      - turtlesdown11 6mo ago
        Perhaps a simple analogy would work here - you made $86,000 in 2016, and had a $6,000 surplus that represents your profit. In 2020 you made $50,000 and spent $5,0000 of your savings to stay afloat. You shrink your lifestyle. Now in 2025, you make $35,000 a year, and have a $2,000 surplus. There are no prospects for more income and you expect to earn $32,500 next year, and maybe $30,000 the year after. Would you consider this a turnaround for your finances? Likewise, the company's revenue has declined ~60% in the last ten years, and declined 5% from 2024 to 2025. The business became marginally profitable when they shrank the business by reducing operating expenses and produced a small profit. There are no significant avenues for growth in their current business model, revenue will continue to decline, as it has for the last ten years because the core model of re-selling used games continues to shrink. As revenue decline continues, they'll run out of people to lay off and stores to close, there will be no profit because the revenue is too small, and the company will BK. There is no turn around, the company continues a death spiral.
        SV_BubbleTime 6mo ago
        Again, facts, they have 9 billion in cash. How many companies have that on hand?
        Forgeties79 6mo ago
        You seem to be making some of your statements as if they exist in a vacuum. The context is easily half the story. For instance, do you know where that $9 billion in cash came from? It was not revenue I’ll tell you that much. Their revenue has been rapidly dropping, they’re shuttering stores, etc. They didn’t get that cash from successfully turning around operations.
- Legend2440 6mo ago
  Keep in mind, this is not because they turned the business around and made tons of money. Sales are lower now than in 2020. Investors gave them this money; they sold additional stock to raise $3.47B in 2024, and another $4.2B of convertible debt in 2025.
  - ball_of_lint 6mo ago
    They have not made a ton of money yet, but they have turned the business around in a significant way. Where GameStop lost money every quarter from 2019 to 2023, it has now had 8 profitable quarters in a row. The fact that investors are giving GameStop money is a good thing for GameStop; It is a signal of confidence. It is not a detriment like you try to position it.
    - Legend2440 6mo ago
      They also just closed another 470 stores this year. Sales are half of what they were in 2019. Basically they got a huge cash infusion from memestock hodlers trying to get to the moon. Greater than half of their profits are now from the interest on that money, which is wild. However, the retail business itself is still failing because no one buys video games at the mall anymore.
- ProllyInfamous 6mo ago
  Including a few thousand bitcoin [$] ---- henlow, fellow regards ---- Any questions for muh'smoothest'brain? [$]: 4710BTC, to be exact
nancyminusone 6mo ago
I believe it is still a meme stock in the dark, "lose money quickly" corners of the internet.

Is it still riding the meme stock wave or has GameStop made a turnaround?

trillic 6mo ago

Liquid Assets: May 2020: $570.3 million Jan 2026: $9.013 billion

SV_BubbleTime 6mo ago
Who would down vote this? It’s true. Can people here really not keep their emotions in check enough to admit clearly obvious facts?
- ferfumarma 6mo ago
  The entire conventional zeitgeist is denying plain truths that hurt your self image. It seems consistent that the same thing would happen here.
  - deleted 6mo ago
    [deleted]
- turtlesdown11 6mo ago
  > Who would down vote this? It’s true. It's not an answer to the question of a turnaround, and therefore low quality information? How much you have in assets does not correlate with the ongoing success of the business. Examining the day to day business of Gamestop and excluding the memestock shenanigans leaves a very bad business. The core business has declining revenue - net sales 2016 $8.6b, 2025 $3.5b and still in decline. Cash flow from operations also continues to shrink. Store footprint has shrunk. The underlying business stinks, even if they made a ton of money selling stock, they haven't done anything significant to halt the spiral. To the poster below asking if I'm drunk. Please provide some sort of revenue citation to 18x? https://stockanalysis.com/stocks/gme/revenue/ https://stockanalysis.com/stocks/gme/revenue/
  - skeptic_ai 6mo ago
    [flagged]
  - maxk42 6mo ago
    I guess you missed the part where they turned around and became profitable.
    - turtlesdown11 6mo ago
      Perhaps a simple analogy would work here - you made $86,000 in 2016, and had a $6,000 surplus that represents your profit. In 2020 you made $50,000 and spent $5,0000 of your savings to stay afloat. You shrink your lifestyle. Now in 2025, you make $35,000 a year, and have a $2,000 surplus. There are no prospects for more income and you expect to earn $32,500 next year, and maybe $30,000 the year after. Would you consider this a turnaround for your finances? Likewise, the company's revenue has declined ~60% in the last ten years, and declined 5% from 2024 to 2025. The business became marginally profitable when they shrank the business by reducing operating expenses and produced a small profit. There are no significant avenues for growth in their current business model, revenue will continue to decline, as it has for the last ten years because the core model of re-selling used games continues to shrink. As revenue decline continues, they'll run out of people to lay off and stores to close, there will be no profit because the revenue is too small, and the company will BK. There is no turn around, the company continues a death spiral.
      - SV_BubbleTime 6mo ago
        Again, facts, they have 9 billion in cash. How many companies have that on hand?
        Forgeties79 6mo ago
        You seem to be making some of your statements as if they exist in a vacuum. The context is easily half the story. For instance, do you know where that $9 billion in cash came from? It was not revenue I’ll tell you that much. Their revenue has been rapidly dropping, they’re shuttering stores, etc. They didn’t get that cash from successfully turning around operations.
Legend2440 6mo ago
Keep in mind, this is not because they turned the business around and made tons of money. Sales are lower now than in 2020. Investors gave them this money; they sold additional stock to raise $3.47B in 2024, and another $4.2B of convertible debt in 2025.
- ball_of_lint 6mo ago
  They have not made a ton of money yet, but they have turned the business around in a significant way. Where GameStop lost money every quarter from 2019 to 2023, it has now had 8 profitable quarters in a row. The fact that investors are giving GameStop money is a good thing for GameStop; It is a signal of confidence. It is not a detriment like you try to position it.
  - Legend2440 6mo ago
    They also just closed another 470 stores this year. Sales are half of what they were in 2019. Basically they got a huge cash infusion from memestock hodlers trying to get to the moon. Greater than half of their profits are now from the interest on that money, which is wild. However, the retail business itself is still failing because no one buys video games at the mall anymore.
ProllyInfamous 6mo ago
Including a few thousand bitcoin [$] ---- henlow, fellow regards ---- Any questions for muh'smoothest'brain? [$]: 4710BTC, to be exact

nancyminusone 6mo ago

I believe it is still a meme stock in the dark, "lose money quickly" corners of the internet.