GRAPEVINE, Texas - GameStop Corp . (NYSE: NYSE:GME), a leading gaming merchandise retailer, has announced a new collaboration with Collectors, specifically its Professional Sports Authenticator (PSA) division. The partnership will enable GameStop to offer trading card authentication and grading services as an authorized PSA dealer. Select GameStop stores across the United States will provide these services, which are highly regarded in the trading card industry.
PSA is known for its role in the trading card community, offering authentication and grading services that are considered some of the most reliable in the market. The integration of PSA's services into GameStop's retail model aims to enhance the customer experience for collectors and enthusiasts who frequent their stores.
The announcement made today does not specify the exact date when these services will be available in stores, but it suggests that GameStop is expanding its service offerings beyond traditional gaming products. This move could potentially attract a new customer segment and provide an additional revenue stream for the company.
The company has directed those interested in locating participating stores and understanding the submission process for trading card services to visit its website. More information about PSA's services can also be found on their website.
GameStop's press release includes a cautionary statement regarding forward-looking statements, highlighting that these are based on management's current expectations and involve risks. The company emphasizes that it does not commit to updating any forward-looking statements publicly, except as required by securities laws.
This partnership comes as part of GameStop's broader strategy to diversify its offerings and engage with a wider range of customers in the gaming and collectibles community. The collaboration is based on a press release statement issued by GameStop Corp. and does not include any speculation on the potential success or impact of the partnership.
In other recent news, GameStop Corp. has made significant strides in its financial strategy. The company successfully completed an equity offering program, selling 20 million shares and raising approximately $400 million, which it plans to allocate for general corporate purposes, potentially including acquisitions and investments. This move is part of GameStop's broader strategy to bolster its financial position. However, the company's Q2 revenue of $798.3 million fell short of analysts' forecast of $895.7 million, indicating a shift towards online shopping among consumers. As a strategic financial move, GameStop has also terminated its $250 million asset-based revolving credit facility, signaling a shift towards relying on internal liquidity.
Ryan Cohen, GameStop's CEO, recently settled an antitrust charge related to his share acquisition activities in Wells Fargo & Co. The U.S. Federal Trade Commission announced that Cohen agreed to pay a penalty close to $1 million. Meanwhile, a lawsuit against Keith Gill, known as "Roaring Kitty," who was accused of securities fraud in connection with GameStop, was voluntarily withdrawn by investors.
In response to the growing preference for online purchases, GameStop is working on strategies to enhance its online presence. These recent developments reflect the current challenges and strategic shifts within the company.
InvestingPro Insights
GameStop's new partnership with PSA for trading card authentication services aligns with the company's efforts to diversify its revenue streams and attract new customer segments. This strategic move comes at a time when GameStop faces financial challenges, as reflected in recent InvestingPro data.
According to InvestingPro, GameStop's revenue growth has been negative, with a 21.7% decline in the last twelve months as of Q2 2025. This decline underscores the importance of the company's efforts to expand its service offerings beyond traditional gaming products.
Despite these challenges, GameStop maintains a strong balance sheet. An InvestingPro Tip notes that the company "holds more cash than debt on its balance sheet," which provides financial flexibility to pursue initiatives like the PSA partnership.
Another relevant InvestingPro Tip indicates that GameStop's "liquid assets exceed short term obligations," suggesting the company has the resources to invest in new ventures without compromising its financial stability.
It's worth noting that GameStop's stock has shown significant volatility, with the price falling 21% over the last three months but surging 112.03% over the past six months. This volatility aligns with the InvestingPro Tip that the "stock price often moves in the opposite direction of the market," highlighting the unique nature of GameStop's market performance.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for GameStop, providing deeper insights into the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.