
GameStop
A video game retailer whose stock is at the center of the meme stock phenomenon. Its valuation is disconnected from its declining revenues and modest profits.
First Mentioned
10/12/2025, 5:34:25 AM
Last Updated
10/12/2025, 5:36:05 AM
Research Retrieved
10/12/2025, 5:36:05 AM
Summary
GameStop Corp. is a prominent American retailer specializing in video games, consumer electronics, and gaming merchandise, headquartered in Grapevine, Texas. Founded in Dallas in 1984 as Babbage's, it became GameStop in 1999 and grew to be the world's largest video game retailer. Despite operating 3,203 stores globally as of February 2025, the company faced significant challenges in the late 2010s due to the industry's shift to online sales and unsuccessful ventures into smartphone retail. GameStop gained widespread media attention in early 2021 when its stock price experienced a dramatic surge, exceeding $500 per share, fueled by retail investors on Reddit who identified its high short interest, a phenomenon known as the GameStop short squeeze. More recently, the company's stock has seen a resurgence as a 'meme stock,' linked to the return of influential investor Keith Gill, also known as 'Roaring Kitty,' and his substantial investment, sparking discussions about market manipulation. The company has also made strategic moves such as announcing plans to purchase Bitcoin in March 2025 and divesting its Canadian operations and the *Game Informer* magazine in 2025.
Referenced in 1 Document
Research Data
Extracted Attributes
CEO
Ryan Cohen
Country
United States
Revenue
3.82 billion USD (trailing twelve months, 2024 fiscal year)
Industry
Specialty Retail, Video Games, Consumer Electronics, Gaming Merchandise
Employees
6,000
Founded As
Babbage's
Legal Name
GameStop Corp.
Net Income
131.30 million USD (trailing twelve months, 2024 fiscal year)
Headquarters
Grapevine, Texas, United States
Founding Date
1984-XX-XX
Ticker Symbol
GME
Stock Exchange
NYSE
Number of Stores
3,203 globally (as of February 2025)
Fortune 500 Ranking
577th
Current Name Adopted
1999-XX-XX
Market Capitalization
12.48 billion USD (trailing twelve months)
Discrepancy: Founding Date
Wikidata lists 1980-08-20, while summary and Wikipedia state 1984 as Babbage's. Robinhood lists 1996.
Timeline
- Founded in Dallas, Texas, as Babbage's, a software retailer. (Source: Summary)
1984-XX-XX
- Adopted its current name, GameStop. (Source: Summary)
1999-XX-XX
- Experienced declining performance due to the shift of video game sales to online shopping and unsuccessful investments in smartphone retail. (Source: Summary)
2010s (mid-to-late)
- GameStop's stock price skyrocketed from $17.25 to over US$500 per share, driven by retail investors on Reddit who noted its high short interest, leading to the GameStop short squeeze. (Source: Summary)
2021-01-XX
- Discontinued the video game magazine *Game Informer*. (Source: Summary)
2024-08-XX
- Over 400 GameStop stores closed due to declining sales, attributed to the consumer shift to online marketplaces. (Source: Summary)
2025-01-XX
- Operated 3,203 stores globally. (Source: Summary)
2025-02-XX
- Announced plans to utilize its cash reserves to purchase Bitcoin. (Source: Summary)
2025-03-25
- Its Canadian operations were sold. (Source: Summary)
2025-05-XX
- Sold *Game Informer* to Gunzilla Games. (Source: Wikipedia)
2025-XX-XX
- The resurgence of meme stocks, including GameStop, has been linked to the return of Keith Gill ('Roaring Kitty') and his substantial investment in the company. (Source: Summary)
Recent
Wikipedia
View on WikipediaGameStop
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, headquartered in Grapevine, Texas (a suburb of Dallas-Fort Worth). The brand is the largest video game retailer worldwide. As of February 2025, the company operated 3,203 stores including 2,325 both in the United States, 193 in Canada (the Canadian operations were sold in May 2025), 374 in Australia and 311 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands. The company was founded in Dallas in 1984 as Babbage's and took on its current name in 1999. The company's performance declined during the mid-to-late 2010s due to the shift of video game sales to online shopping and failed investments by GameStop in smartphone retail. In 2021, after retail investors on Reddit noticed that the short interest exceeded 100%, the company's stock price skyrocketed from $17.25 to over US$500 per share. According to the SEC report, this volatility was only in part due to the massive buying power of retail investors. The company received significant media attention during January and February 2021 due to the volatility of its stock price in the GameStop short squeeze; the company was ranked 577th on the Fortune 500. GameStop also used to own and publish the video game magazine Game Informer before discontinuing it in August 2024 and selling it to Gunzilla Games in 2025. Over 400 GameStop stores closed in January 2025 due to a decline in sales, a pace to close twice as many as the company did in 2024. Consumer shift to the online marketplace has led to a decline in revenue. This represents the highest number of stores that GameStop has closed in a single month. On March 25, 2025, GameStop announced a plan to use its cash reserves to buy Bitcoin.
Web Search Results
- GameStop (GME) Stock Price & Overview
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, and gaming headsets; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail [...] Market Cap12.48B Revenue (ttm)3.82B Net Income (ttm)131.30M Shares Out 447.30M EPS (ttm)0.33 PE Ratio 84.52 Forward PE 61.30 Dividend n/a Ex-Dividend Date n/a Volume 4,221,092 Open 27.75 Previous Close 28.45 Day's Range 27.69 - 28.20 52-Week Range 17.70 - 48.00 Beta-0.73 AnalystsSell Price Target10.00 (-64.14%) Earnings Date Jun 6, 2025 About GME [...] IndustrySpecialty Retail SectorConsumer Discretionary IPO Date Feb 13, 2002 Country United States Stock Exchange NYSE Ticker Symbol GME Website Full Company Profile Financial Performance In 2024, GameStop's revenue was $3.82 billion, a decrease of -27.50% compared to the previous year's $5.27 billion. Earnings were $131.30 million, an increase of 1859.70%. Financial Statements Analyst Forecast
- GameStop Corp. (GME) Stock Price, News, Quote & History
Rating Price Target Argus•9 days ago ### What does Argus have to say about GME? GAMESTOP CORP-CLASS A has an Investment Rating of SELL; a target price of $21.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low. [...] Rating Price Target Argus•2 days ago ### Raising target price to $22.00 GAMESTOP CORP-CLASS A has an Investment Rating of SELL; a target price of $22.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low. [...] GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, and gaming headsets; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail
- GameStop - 23 Year Stock Price History | GME - Macrotrends
| GameStop Corp. offers the best selection of new and pre-owned video gaming consoles, accessories and video game titles, in both physical and digital formats. The company sells various types of digital products, including downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software as well as collectible products. The company also publishes Game Informer, the print and digital video game publication. The company's products are [...] categorized as follows: Hardware and Accessories - GameStop offers new and pre-owned video game platforms from the major console and PC manufacturers. Accessories consist primarily of controllers, gaming headsets, virtual reality products and memory cards. Software: The company provides new and pre-owned video game software for current and certain prior generation consoles. Collectibles: The category consists of licensed merchandise, primarily related to the video game, television and movie [...] The all-time high GameStop stock closing price was 86.88 on January 27, 2021. The GameStop 52-week high stock price is 35.81, which is 56.4% above the current share price. The GameStop 52-week low stock price is 19.31, which is 15.6% below the current share price. The average GameStop stock price for the last 52 weeks is 25.28. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.
- GME Stock Price and Chart - GameStop Corporation - TradingView
GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for [...] company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX. [...] EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. GameStop Corporation EBITDA is 169.90 MUSD, and current EBITDA margin is 0.56%. See more stats in GameStop Corporation financial statements. How to buy GameStop Corporation stocks?
- GME Stock Price Quote & News - GameStop - Robinhood
### GameStop Corp. engages in offering games and entertainment products through its ecommerce properties and stores. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania.Show more CEO Ryan Cohen CEO Ryan Cohen Employees 6,000 Employees 6,000 Headquarters Grapevine, Texas Headquarters Grapevine, Texas Founded 1996 Founded 1996 Employees 6,000 Employees 6,000 GME Key Statistics Market cap 10.89B Market cap 10.89B
Wikidata
View on WikidataImage
Country
Instance Of
Headquarters
Inception Date
8/20/1980
Location Data
Gamestop, 7646, Sawmill Road, Columbus, Franklin County, Ohio, 43017, United States
Coordinates: 40.1219876, -83.0886300
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