GameStop reports earnings Wednesday 🕹️ The old meme stock has quietly turned into something else — a video game retailer with billions in cash and a growing bitcoin stash. Collectibles are now driving the revenue. What analysts expect: - EPS: $0.16 (up 77.8% from $0.09 l

GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.

GameStop CEO Ryan Cohen had his personal eBay account shut down after he listed some of his own items for sale on eBay as a joke. He used the username ryan_5050 and sold items like a pair of socks, old GameStop merchandise, and a large Halo 2 statue that received many bids. eBay closed the account, saying the activity put users at risk. GameStop offered $125 for each eBay share, payable in cash and new shares, while Cohen said this would create a stronger online shopping business.