"GameStop ended Q4 with $9.01 billion in total cash, equivalents, and marketable securities, nearly double the $4.77 billion held a year prior. That buildup was funded by $4.2 billion in zero-coupon convertible notes issued during fiscal 2025."
"Cohen has previously described his ambition to build a $100 billion company through a 'big' acquisition, calling it 'genius or totally foolish.' The warrant dividend announced in Q2 explicitly cited 'potential acquisitions' as a use of proceeds."
"eBay currently carries a market cap of approximately $39.9 billion with $11.1 billion in trailing revenue. GameStop's $9 billion liquid position covers roughly a fifth of that at current market prices."
GameStop reported Q4 FY2025 results with a significant earnings beat and a total cash position of $9.01 billion, nearly double from the previous year. This increase was driven by $4.2 billion in zero-coupon convertible notes and $597.3 million in free cash flow. However, a $500 million Bitcoin investment resulted in a $151 million loss. CEO Ryan Cohen's silence on earnings calls raises speculation about a major acquisition, potentially eBay, which has a market cap of $39.9 billion. GameStop's cash reserves could facilitate this acquisition.
Read at 24/7 Wall St.
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