How much is GameStop net worth?

GameStop’s net worth or market capitalization is approximately $3.83 billion as of November 10, 2023, with a significant decrease of -52.78% in the last year. The company’s market cap has fluctuated over time, with its net worth as of November 03, 2023, being $4.23B, indicating a continuous change in its valuation.

GameStop Net Worth and Related FAQs

Understanding GameStop’s Financials

To provide a comprehensive understanding of GameStop’s financial situation and its evolution over time, let’s delve into some frequently asked questions about the company.

1. What is GameStop’s current market capitalization? GameStop’s current market capitalization is around $3.83 billion, which reflects the total value of its outstanding shares.

2. How much has GameStop’s market cap decreased in one year? GameStop’s market cap has decreased by -52.78% in one year, indicating a significant decline in its valuation.

3. Who owns GameStop now? Ryan Cohen, the founder of Chewy, is taking control of GameStop, serving as the chairman of the board and owning roughly 12% of the company’s stock, and has been named president and CEO of the video game retailer.

4. How much does GameStop make a year? GameStop had revenue of $5.81B in the twelve months ending July 29, 2023, down -4.14% year-over-year, and annual revenue of $5.93B in the fiscal year ending January 28, 2023, a decrease of -1.39%.

5. What was GameStop’s highest stock price? GameStop’s highest stock price was $483, which came after Elon Musk caused a surge in GameStop’s price by tweeting a link to the WallStreetBets Reddit.

6. How much is GameStop stock worth post-split? The value of GameStop stock post-split depends on various market factors and the company’s performance.

7. Who owns the most GameStop stock? Ryan Cohen’s firm RC Ventures has a 12.09% stake in GameStop, making him the largest insider shareholder.

8. Who made the most money on GameStop? Ryan Cohen, with a 13% stake in GameStop, made over $1.3 billion as the company’s stock surged.

9. Who is the CEO of GameStop? Ryan Cohen has been elected as the President and Chief Executive Officer of GameStop, effective immediately.

10. Is GameStop still a Fortune 500 company? Yes, GameStop Corp. is a Fortune 500 and S&P 500 company, operating as a global, multichannel video game, consumer electronics, and collectibles retailer.

11. How much of GameStop is owned by retail investors? GameStop’s ownership structure is primarily comprised of retail investors, accounting for nearly 60% of the company’s outstanding shares.

12. What was the old name of GameStop? GameStop traces its roots to Babbage’s, a Dallas, Texas-based software retailer founded in 1984.

13. What does GameStop sell the most of? GameStop’s key sources of revenues are Digital Products, Retail & Tech Brands, New Video Game Software, Pre-Owned Video Games, and New Video Game Hardware.

14. Is GameStop still profitable? GameStop reported its first profitable quarter in two years, with a net income of $48.2 million in the quarter ending January 29, compared to a net loss of $147.5 million a year earlier.

15. Will GameStop ever rise again? The future of GameStop’s stock is uncertain, with the company facing challenges in a contracting market and embracing a strategy that may not yield significant growth, making it poised to continue slumping in 2024.