GameStop Corp. raised its fiscal 2026 adjusted EBITDA forecast to more than $650 million from above $600 million after second-quarter net income rose 77% to $298.7 million. Collectibles sales increased 57% and represented 45.1% of revenue, while lower operating expenses helped offset a 19% decline in total net sales to $790.2 million caused by weaker video game revenue, planned store closures, the prior-year Nintendo Switch 2 launch and the divestiture of GameStop’s French operations. Adjusted earnings per share were 27 cents, matching estimates, and revenue exceeded the $756.85 million consensus. GameStop held approximately 43.4 million eBay shares valued at roughly $4.9 billion at quarter-end and had previously considered replacing its reported $56 billion eBay bid with a partnership or joint venture, without making a final decision.