What a New Uber Eats Deal Means for GameStop Stock
GameStop announced a partnership with Uber Eats on July 15, 2026, allowing U.S. customers to order video games, consoles, accessories, and collectibles for on-demand or scheduled delivery from participating stores. The deal aims to strengthen GameStop's omnichannel strategy, capitalize on launch-day releases and impulse purchases, and expand its digital reach without significant capital investment. However, the announcement failed to boost GameStop's stock price. The company reported strong Q1 fiscal 2026 results on June 2, with net sales up 14% year-over-year to $835.3 million, driven by collectibles revenue surging to $348.9 million. Adjusted operating income climbed to $140.5 million from $27.5 million, and net income jumped to $389.6 million. GameStop holds $9.7 billion in cash and securities and announced a new $2 billion share repurchase authorization. The stock trades at 2.52 times sales, a premium to the sector median, and is down 6.73% over 52 weeks but up 8.69% year-to-date.
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