GameStop Announces Q2 Results, FTX Partnership

    Author Stas SerfesPosted on Format VideoCategories Investing VideosTags , , , , , , , , , ,

    GameStop (NYSE:GME) just reported earnings, they did -$0.35 versus -$0.38  estimated. So they barely beat.

    And on revenue, they missed, $1.14 billion versus $1.27 billion estimated. And sales attributable to collectibles came in at about $223 million versus $177 million last year.

    And they’re really trying to grow this segment long term.

    GameStop Moves Into NFT Space

    And I’m not sure if you guys knew this, but back in July, GameStop (NYSE:GME) launched an NFT marketplace where people can go and buy, sell, and trade NFTs.

    GameStop (NYSE:GME) also just announced a partnership with FTX, who’s big in the crypto space, and they’re going to be doing a lot of marketing initiatives together to push the brand forward.

    And as for the stock, it is down massively over the past couple of weeks from $46. Now, it’s that $24, it is down almost 50%.

    So what do you guys think? Let me know your thoughts. Follow along for more.

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    Author Stas Serfes
    About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.