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GameStop (GME) reported its second quarter results after the market close on Tuesday. Net income was $14.8 million, with earnings per share of $0.04 and adjusted earnings per share of $0.01. During the same period last year, GameStop posted a loss of $2.8 million.

Net revenues fell from a year ago, $798 million versus $1.164 billion in 2023.

The retailer also revealed that it has $4.2 billion worth of cash, cash equivalents, and marketable securities.

Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the meme stock's results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.