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Guidance, but make it dramatic
GameStop isn’t exactly famous for giving Wall Street a cozy hug, so when it says fiscal 2026 adjusted EBITDA should come in above $600 million, people tend to pay attention. That’s a big step up from the $345.4 million it posted in fiscal 2025, and it signals management thinks the business has more operating juice than the market may have priced in.
Why investors care
Adjusted EBITDA isn’t the same thing as profit, but it’s still a useful peek under the hood. In plain English: GameStop is saying it expects a lot more cash-generating muscle next year. For a company that’s spent years battling the “is this still a retail story?” question, that’s not nothing.
The eBay side quest
The release also says leadership is staying focused on advancing the proposed acquisition of eBay. That gives this update a little extra spice, because now you’ve got a cleaner operating outlook plus a strategic move that could reshape what kind of company GameStop is trying to become.
- Stronger EBITDA guidance can support the stock if investors buy the turnaround story.
- The eBay acquisition angle adds both optionality and execution risk.
- If you own GME, this is less about nostalgia and more about whether the company can keep generating real operating leverage.
Big picture: GameStop is trying to look less like a meme and more like a machine. The market will decide whether that’s a glow-up or just another plot twist.