GameStop reported second-quarter net profit of $298.7 million, or 51 cents per share, up from $168.6 million, or 31 cents, a year earlier. Adjusted earnings were 27 cents per share, matching estimates. Revenue totaled $790.20 million, exceeding analyst estimates of $756.85 million but declining approximately 18.72% year over year as video-game sales fell, following the prior-year launch of Nintendo Switch 2, planned store closures and the divestiture of the company’s France operations. Collectibles revenue rose to $356.3 million from $227.6 million, representing 45.1% of total net sales, while Video Games revenue fell to $263.2 million and Pre-Owned and Refurbished revenue declined to $170.7 million. Operating income reached $160.2 million, the highest second-quarter figure in GameStop’s history, prompting the company to raise its fiscal 2026 adjusted EBITDA outlook to in excess of $650 million from more than $600 million. GameStop ended the quarter with $5.4 billion in cash, cash equivalents, marketable securities, digital assets and related receivables, and held approximately 43.4 million eBay shares. Its stock was up 1.10% at $19.37 at the time of publication.