GameStop’s revenue is shrinking. Its profits are ballooning. And the reason has less to do with selling video games than it does with owning a chunk of eBay.
The company released preliminary unaudited results for its fiscal second quarter ending August 1, 2026, showing net sales projected between $780 million and $800 million. That’s a meaningful step down from the $972.2 million it posted in the same quarter last year, a decline driven by store closures, its exit from France, and the fading tailwind of the Nintendo Switch 2 launch.
Profits tell a different story
While the top line contracted, GameStop’s bottom line went in the opposite direction. Operating income is expected to land between $150 million and $170 million, more than double the $66.4 million from Q2 2025.
Net income looks even more dramatic, projected at $290 million to $310 million. That’s roughly 75% higher than the $168.6 million posted a year ago.
