GameStop shares jump on stong Q1, $2 billion share buyback plan

GameStop

02/06/2026 21:52

** Videogame retailer GameStop GME.N shares jump 8.4% to $22.60 in trading after the bell 
** The company said that its board had approved a discretionary $2 billion share repurchase authorization through June 2, 2029
** GME also reported a rise in net sales and net income in the first quarter
** Co's net income rose to $389.6 million in the first quarter from $44.8 million a year ago
** As of last close, GME shares have gained about 4% YTD 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))