GME stock | GameStop shares surge after $116 million | Gill holds 5 million shares of GameStop stockGameStop stock, valued at $115.7 m

GME stock | GameStop shares surge after $116 million

Video games, electronics for consumers, and gaming merchandise are all sold by GameStop CorpGameStop Corp., an American company.The firm is the biggest video game store in the world, with its headquarters located in the Dallas suburb of Grapevine, Texas. By January 28, 2023, the firm will have 4,413 locations operating under its GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek, and Zing Pop Culture brands in the United States, 216 in Canada, 419 in Australia, and 829 in Europe.Established in 1984 as Babbage's in Dallas, the company changed its name to its current one in 1999.

Due to GameStop's unsuccessful investments in smartphone retail and the transition in video game sales to e-commerce, the company's performance decreased in the mid-to-late 2010s. 

Following Keith Gill's revelation of a sizable stake in the video game shop, a prominent investor during the year 2021 meme stock surge, GameStop's stock shot up early on Monday. Meme stocks, like AMC Entertainment Corporation (AMC) and others, surged higher in tandem with GameStop (GME).

For the first moments since early 2021, Gill—who uses the handle Roaring Kitty on YouTube and X—posted on Reddit (RDDT) on Sunday night. Gill seems to have shared a screenshot of himself holding GameStop shares and options worth $181.4 million. It's unclear, though, if Gill is actually writing to the account. His most recent Reddit post, which included his GME stock information during the twenty-first century meme rally, was uploaded to r/Superstonk compared to r/wallstreetbets.

The screenshot from June 2 shows that Gill holds 5 million shares of GameStop stockGameStop stock, valued at $115.7 million at a median cost of buying of $21.274 per share. It also shows that Gill has 120,000 call options, which expire on June 21 and give him the option to buy GME stock at $20 per share. The GameStop options are valued at $65.7 million. On May 12, Gill made a similar appearance on X, posting a series of memes that seemed to indicate that he was back in the market. However, by May 17, most traders who had bought into the mid-May rally were underwater.

Income Statement

Revenue

Net income

(USD)	FEB 2024info FISCAL Q4 2024 ENDED 2/3/24. REPORTED ON 3/27/24.	Y/Y CHANGE
Revenue The total amount of income generated by the sale of goods or services related to the company's primary operations	1.79B	-19.44%
Operating expense Represents the total incurred expenses through normal operations	318.30M	-35.48%
Net income Company’s earnings for a period net of operating costs, taxes, and interest	63.10M	30.91%
Net profit margin Measures how much net income or profit is generated as a percentage of revenue.	3.52	62.96%
Earnings per share Represents the company's profit divided by the outstanding shares of its common stock.	0.22	37.50%
EBITDA Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances	119.50M	477.29%
Effective tax rate The percent of their income that a corporation pays in taxes	11.13%	—