GameStop Corp.GameStop projected over $600M adjusted EBITDA for FY2027, up sharply from $345.4M, and is pursuing acquisition of eBay.
GameStop shares rose Monday after the video game retailer projected adjusted EBITDA of more than $600 million for fiscal 2027, up sharply from $345.4 million in fiscal 2025. The company also said its leadership remains focused on advancing its proposed acquisition of eBay, reinforcing its strategic expansion plans. Earlier in May, GameStop submitted a non-binding proposal to acquire eBay at $125 per share in cash and stock, and has increased its stake to 7.8% of eBay’s outstanding shares through derivative-linked structures. Among other notable movers, Comcast surged 23% after announcing a tax-free spin-off of NBCUniversal into a separate publicly traded company, while British American Tobacco slipped 2% on plans to cut 5,500 jobs as part of an AI-driven restructuring expected to deliver an additional £600 million in annualized cost savings by 2028.
GameStop Corp.GameStop projected over $600M adjusted EBITDA for FY2027, up sharply from $345.4M, and is pursuing acquisition of eBay.
eBay InceBay is the target of GameStop's acquisition proposal, but the article does not provide eBay's reaction or new developments.
Comcast CorpComcast announced a tax-free spin-off of NBCUniversal, a major capital restructuring event.
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British American Tobacco PLCBritish American Tobacco plans to cut 5,500 jobs as part of an AI-driven restructuring to achieve cost savings.
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