--- title: "What's Happening with GameStop Stock?" type: "News" locale: "en" url: "https://longbridge.com/en/news/297799606.md" description: "GameStop (GME) shares rose modestly as investors analyzed its preliminary Q2 update. Net income is projected at $290-$310 million, significantly up year-over-year, driven by $238 million in gains from eBay equity holdings. Despite a $75 million impairment loss, the company maintains strong liquidity with over $5 billion in cash and has settled $358 million in convertible notes. Trading near recent lows, GME faces macro headwinds from high Treasury yields ahead of its official earnings presentation on September 8." datetime: "2026-09-02T13:52:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297799606.md) - [en](https://longbridge.com/en/news/297799606.md) - [zh-HK](https://longbridge.com/zh-HK/news/297799606.md) generator: "portal-rs" --- # What's Happening with GameStop Stock? Shares of **GameStop Corp**. (NYSE:GME) are trading modestly higher Wednesday morning. Investors continue to process the company’s preliminary second-quarter financial update released on August 31. The stock is finding a floor ahead of its official earnings presentation scheduled for September 8, supported by disclosures of investment income stemming from its equity position in online marketplace giant **eBay Inc**. Here’s what investors need to know. - GameStop stock is trading near recent lows. What should traders watch with GME? ## **Preliminary Q2 Earnings Boosted By eBay Equity Gains** In its preliminary disclosure on August 31, GameStop projected second-quarter net income between $290 million and $310 million, up significantly from $168.6 million in the prior-year quarter, alongside operating income of $150 million to $170 million. Bottom-line expansion was largely driven by approximately $238 million in net gains generated after converting a derivative structure into a direct holding of 43.4 million shares of eBay common stock, valued at roughly $4.95 billion as of August 1. These equity gains were partially offset by a $75 million impairment loss across the company’s digital assets and related receivables. ## **Liquidity Profile, Debt Restructuring and Macro Headwinds** GameStop ended the period with cash, cash equivalents and marketable securities between $5.05 billion and $5.07 billion. Concurrently, management announced the settlement of $358 million in convertible notes, leaving approximately $2.8 billion in aggregate long-dated notes outstanding. As Chief Executive Officer **Ryan Cohen** continues redirecting GameStop’s balance sheet toward active corporate investment strategies, traders are balancing the company’s $10 billion combined cash and equity position against broader market volatility, where the 10-year Treasury yield hovering near 4.81% on Wednesday morning continues to pressure equity valuations across retail and growth sectors. ## GME Shares Edge Higher Wednesday **GME Price Action:** GameStop shares were trading higher by 0.96% at $18.99 at the time of publication on Wednesday, according to Benzinga Pro data. **Read Also: Super Micro Stock Rises in Sympathy After Dell's Blowout Quarter** *Image: Shutterstock* ### Related Stocks - [GME.US](https://longbridge.com/en/quote/GME.US.md) - [GMEC.US](https://longbridge.com/en/quote/GMEC.US.md) - [GMEY.US](https://longbridge.com/en/quote/GMEY.US.md) - [IGME.US](https://longbridge.com/en/quote/IGME.US.md) - [GMEU.US](https://longbridge.com/en/quote/GMEU.US.md) - [EBAY.US](https://longbridge.com/en/quote/EBAY.US.md) - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) - [GME+.US](https://longbridge.com/en/quote/GME+.US.md) ## Related News & Research - [eBay Just Gave GameStop Stock a Boost. Here's What to Know.](https://longbridge.com/en/news/297551707.md) - [GameStop (GME) Stock Looks Cheap On Earnings But Broader Checks Stay Mixed](https://longbridge.com/en/news/297811370.md) - [GameStop Sets September 8 Earnings Date as eBay Stake Boosts Second Quarter Profits](https://longbridge.com/en/news/298035812.md) - [$100 Invested In eBay 15 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/297562350.md) - [GameStop Stock Sinks to Two-Year Low: Can Earnings Reverse the Slide?](https://longbridge.com/en/news/297445518.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**