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Wall Street Breakfast

Game On!

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 11 June 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Nintendo's Switch 2 (OTCPK:NTDOY) is now its fastest-selling console. (00:21) Dave & Buster's (PLAY) signals continued same-store sales improvement with focus on back-to-basics strategy. (01:13) GameStop (GME) reports $6B+ in cash, no new Bitcoin purchases since the last update. (02:12)

Episode transcripts seekingalpha.com/wsb.

Show links: 

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.1

The Switch 2 is hot, GameStop's cash is stacked, and play is aiming for a high score.

0:14.7

Thanks so much for joining us on this Wednesday, June 11th. I'm Julie Morgan.

0:20.7

The Nintendo Switch 2 has become the company's fastest selling

0:24.5

gaming device with more than 3.5 million units sold worldwide in the first four days since its

0:30.9

launch last week. Nintendo last month said it expects to sell 15 million Switch 2 units this fiscal year. The president of the

0:39.8

company said that they set this figure with the aim of reaching the same level of sales they achieved

0:45.2

with the original switch in the roughly 10-month period between its launch in March of 2017

0:51.3

and December of that same year. The Switch 2 console is priced relatively higher than its predecessor

0:57.8

with the price tag of a penny shy of $450.

1:01.7

The original sold for $299.

1:05.3

Nintendo has sold over 152 million Switch units

1:09.2

since the console was launched in 2017.

1:13.7

Shares of Dave and Busters fell 8% in immediate reaction to its first quarter results after the bell on Tuesday,

1:20.9

but this morning play is up 6.5% in pre-market action.

1:25.2

The restaurant and entertainment company reported a marginal top line beat,

1:30.1

a wide bottom line miss, and an 8.3% decline in comparable sales. The company said it opened two new

1:37.6

stores, relocated one store, and completed remodels of 13 stores during Q1. The interim CEO said while performance in the first quarter was nowhere close to where

1:48.4

they wanted it or expected it to be, their back-to-basic strategy is working and is driving

1:54.2

a material recovery in their top line trajectory.

1:57.9

He went on to say that the leadership team and the board are as confident as ever

2:02.4

that their current actions will lead to significantly improved revenue, adjusted EBAA, free cash

...

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