Wall Street Breakfast Game On!
Jun 11, 2025
Nintendo's Switch 2 is smashing sales records, selling over 3.5 million units in just four days! Meanwhile, Dave & Buster's is facing financial hurdles despite a small revenue bump. GameStop reports over $6 billion in cash but sees a dip in shares following a mixed financial performance. The podcast also dives into market trends and predictions about upcoming economic indicators, keeping listeners on their toes about what's next.
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Nintendo Switch 2 Sales Insight
- Nintendo's Switch 2 has become the company's fastest-selling console with 3.5 million units sold in four days.
- They aim to match original Switch sales of 15 million units this fiscal year despite a higher price point near $450.
Dave & Buster's Recovery Strategy
- Dave & Buster's shares reacted negatively to Q1 results but rose in pre-market after highlighting a back-to-basics recovery strategy.
- The company is confident this approach will improve revenue, EBITDA, and shareholder value soon.
GameStop Financial Position
- GameStop reported mixed Q1 results with revenue down but net income positive at $44.8 million.
- The company holds $6.4 billion in cash and has not added to Bitcoin holdings since May 28.