GameStop

GameStop Corp.

Logo since 1999
Formerly	Babbage's (1984–1999)
Company type	Public
Traded as	NYSE: GME (Class A) S&P 400 component
Industry	Retail
Predecessors	Software Etc. Funco
Founded	1984; 40 years ago (1984)
Founders	Leonard Riggio Daniel DeMatteo Richard Fontaine
Headquarters	Grapevine, Texas , U.S.
Number of locations	4,413 (Jan 2023)
Area served	Several countries Australia Austria Canada France Germany Italy New Zealand Switzerland United States
Key people	Ryan Cohen (Chairman and CEO)
Products	Video games Consoles Accessories
Revenue	US$5.27 billion (2023)
Operating income	−US$35 million (2023)
Net income	US$6.7 million (2023)
Total assets	US$2.71 billion (2023)
Total equity	US$1.34 billion (2023)
Number of employees	11,000 full-time 14,000–27,000 part-time (Jan 2023)
Parent	NeoStar Retail Group (1994–1996) Babbage's Etc. (1996–1999) Barnes & Noble (1999–2004)
Subsidiaries	Babbage's EB Games EB Games Australia Game Informer Geeknet Micromania-Zing Rhino Video Games ThinkGeek
Website	gamestop.com
Footnotes / references [1]

GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer.^[1] The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide.^[2] As of January 28, 2023^[update], the company operates 4,413 stores including 2,949 in the United States, 216 in Canada, 419 in Australia and 829 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.^[1][3] The company was founded in Dallas in 1984 as Babbage's, and took on its current name in 1999.

The company's performance declined during the mid-to-late 2010s due to the shift of video game sales to online shopping and failed investments by GameStop in smartphone retail. In 2021, after retail investors on Reddit noticed that the short interest exceeded 100%, the company's stock price skyrocketed from $17.25 to over US$500 per share. According to the SEC report, this volatility was only in part due to the massive buying power of retail investors. The company received significant media attention during January and February 2021 due to the volatility of its stock price in the GameStop short squeeze. The company is now ranked 577th on the Fortune 500.^[3] GameStop also owns and publishes the video game magazine Game Informer.