$GME $ebay OMG breaking! ๐จ
The ebay proposal 4 from the shareholder meeting has PASSED!
Its lowered from 20% to 10%!
You heard it here first! Its time! @ryancohen
Praying for progress for 2 upcoming hearings this week for $bbig shareholders, still holding as I am. https://t.co/OL3FwseuBF it's been a long road especially w naysayers and antagonists. Ignore and block the ones who help the defense. They are absolutely NOT our friends. Why would you ever publicly give tips to the defense or hurt a case that could help the Vinco or shareholders?!?!
They coordinate and pillage against shareholders and why? Pure evil? Ego? Idiocy/ignorance? I believe all 3.
Simple read the fillings and you will know the truth. Or call me or someone you KNOW is a shareholder that you can trust.
Pray for Haber, Treese and our judge
2 June, 2026: Historical Turnaround By Ryan Cohen
๐ฃ1,426% increase in Operating Income
๐ฃ769% increase in Net Income
๐ฃ Almost $1/sh net income in FIRST Q
๐ฃ $2B Share Repurchase APPROVED
#GME Can do $1.9B in buybacks, retire like 80M shares, trigger warrant exercises at $32, retrieving the $1.9B and putting 59M shares back in circulation. Neutral impact on cash, higher floor for share price.
$GME Q1 2026 EARNINGS REPORT:
1. Operating income reached $143.3 million, compared to just $10.8 million a year ago. โ๏ธ
2. Net income came in at $389.6 million, up from $44.8 million last year. โ๏ธ
That represents roughly a 770% increase year-over-year.
3. Revenue grew 14% YoY to $835.3 million.
Many expected continued sales declines but GameStop posted solid top line growth this quarter ๐ฎโ๐จ
4. SG&A expenses declined to $201.6 million from $228.1 million despite higher sales.
5. GameStop ended the quarter with $9.7 billion in:
Cash
Marketable securities
Digital assets
Related receivables
Derivative collateral
Including:
$8.4B cash and marketable securities
$1.0B derivative collateral
$0.4B digital assets
โข THE BREAKING NEWS HERE:
6. The Board approved a new $2.0 billion share repurchase authorization through June 2029.
At a share price around $21:
$2B could retire roughly 95 million shares
More than 20% of the current share count
This does not mean they will immediately buy shares, but management now has the authority to do so whenever they see fit.
Three things matter most:
Revenue growth returned.
Operating profit surged.
A $2B buyback authorization was approved.
The bear thesis that GameStop is simply a declining retailer becomes much harder to defend when the company is producing record operating profits while sitting on nearly $10 billion of liquidity and assets. โ๐ป