GameStop retail store (Ying Tang/Getty Images)

GameStop seesaws on Q4 results

The video game and collectibles retailer just reported Q4 results.

3/24/26 4:12PM

GameStop reported its fourth-quarter earnings after the bell on Tuesday, and the video game retailer seesawed in after-hours trading.

For its fiscal Q4 2026, GameStop reported:

Net sales of $1.1 billion, compared to the consensus estimate of $1.32 billion and down about 14% from the same period a year prior.
Adjusted net income of $291.4 million, compared to the consensus estimate of $169 million. The figure excludes impairment, loss on digital assets and related receivables, and other items.

(Note: Once again, “consensus estimate” in this case means “Baird analyst Colin Sebastian’s estimate.” He’s the only one who submitted projections to Bloomberg.)

The fourth quarter, which encompasses the winter holiday season, is typically the bumper quarter for GameStop. The company’s collectibles business brought in $365 million in sales, making up a third of the company’s total sales, as “Pokémon” cards climb in value. In the fourth quarter of last year, GME’s collectibles sales accounted for 21% of total sales.

Most of the recent news swirling around the company, however, includes two main characters: Michael Burry and Ryan Cohen.

In January, the former (of “The Big Short” fame) revealed that he was long GameStop, spurring the most retail buying of the shares since the company’s pivot to bitcoin in Q1 2025.

Cohen, the CEO of GameStop, also publicly revealed he’s in the market for a “genius or totally, totally foolish” major acquisition in the consumer or retail industry, with a target that’s much bigger than GME.

This M&A hunt followed Cohen agreeing to a compensation package that would completely tie his pay to the stock performance and GameStop’s operational performance, and also buying 1 million shares of company stock over the course of two days.

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Google invests $75 million in film studio A24, forms AI partnership

Google is investing roughly $75 million in independent film studio A24 as part of an AI partnership, according the Wall Street Journal. The investment marks Google’s first direct stake in a film studio.

Under the agreement, A24 will work with Google DeepMind to develop and test AI tools for filmmaking and production workflows, the Journal reports.

The deal comes as A24 continues to expand its business beyond indie films into television, music, and live events. Since its 2013 launch, the studio has produced Oscar-winning films such as Everything Everywhere All at Once. Its revenue has more than doubled over the past two years, according to the Journal, and the company was last valued at $3.5 billion in a Thrive Capital-led funding round in 2024.

Google’s investment comes as major technology companies increasingly deepen ties with media companies as generative AI tools become more integrated into creative industries. For Google, the partnership also expands DeepMind’s reach into entertainment and film production.

The firm and TV industry is pushing to develop AI tools that can be integrated into the time-consuming and expensive production process. In a sign of the potential value of such tools, in March, Netflix announced it would acquire Ben Affleck's startup InterPositive, which is building AI film-making tools, for $600 million.

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Getty Images surges following OpenAI partnership

Getty Images is surging in early trading after the company announced a multi-year licensing and product partnership with OpenAI.

Under the agreement, OpenAI will license Getty’s library of images, videos, and metadata for use in training and improving its AI models, while Getty will integrate OpenAI’s generative AI tools into its own products and services.

The deal comes as Getty faces growing pressure from generative AI tools that can create stock image-like images in seconds, threatening parts of its traditional licensing business. Getty posted revenue of $226.6 million in Q1, down 2.5% year over year on a currency-neutral basis.

Getty was one of the earliest major content companies to challenge AI firms in court, suing Stability AI in 2023 for allegedly scraping millions of copyrighted images without permission to train image-generation models.

The OpenAI deal follows Getty’s 2025 licensing agreement with Perplexity, which gave the AI search company access to Getty’s library and required image credits with links to original sources.

Before the announcement, Getty shares had been trading below $1 for months. The stock surged by 124% in early trading, erasing its year-to-date losses as investors are waiting to see if Getty can turn its licensed content library into a more valuable AI asset.