GameStop Corp. (NYSE: GME) announced that its board of directors unanimously approved a $2.0 billion share repurchase authorization on June 2, 2026.

The new authorization extends through June 2, 2029, and replaces the company's previous share repurchase program that was established in March 2019.

The repurchase program gives GameStop discretionary authority to buy back its shares over the three-year period. The company did not specify timing or conditions for executing the share repurchases under the new authorization.

GameStop's board approval of the buyback program was unanimous, according to the company's statement.