Gamestop Q2 Earnings beat
- Revenue at $972M, up from $798 from last year
- Net income at $169M, WAY up from $15M last year
- Announces dividend of warrants, right to buy 1 share at $32 until October 2026
The warrant means shareholders get the option to buy more shares later at the fixed price, rather than getting a dividend or buyback, essentially betting the stock price will be above $32 by this time next year. Good idea?