"GameStop is a very different company than it was five years ago." - GameStop CEO Ryan Cohen Here's his full statement from the 2026 Annual Meeting. #GameStop #Stocks #GME $GME
"Hi, everyone. GameStop is a very different company than it was five years ago. Five years ago, GameStop was a dying brick and mortar retailer. Hardware is cyclical, software went digital, and all the skeptics believe GameStop was dead. GameStop was on the verge of bankruptcy. Since then, we have rebuilt the company. We pivoted to collectibles. Collectibles has grown from 14% of total revenue in 2021 to 42% in the first quarter of 2026. Today, GameStop is a category leader in collectibles, generating approximately $1.2 billion in revenue over the last four quarters. We've divested unprofitable parts of the business and removed $826 million in SG&A expense since 2021, a 48% reduction. We delivered the highest first quarter operating income in GameStop's history and have now achieved eight consecutive quarters of positive net income. In April, we launched Powerpacks, digital collectibles for a new generation. This is the buy-sell-trade model meets collectibles in a digital world. We are partnered with the top grading company in the industry. In May, we propose to acquire eBay at $125 per share. I'm not going to talk about the proposed transaction today beyond what's already public. We're here to work. Thank you for being a shareholder."
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"GameStop is a very different company than it was five years ago." - GameStop CEO Ryan Cohen Here's his full statement from the 2026 Annual Meeting. #GameStop #Stocks #GME $GME