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GameStop's total revenue fell 7.6% to $3.06 billion in the quarter ended February 2, 2018. [ 104 ] Business Insider described GameStop's investment in Spring Mobile as a failure, with estimates that the company spent $1.5 billion on acquisitions on Spring Mobile and store locations, but only gained $700 million from the sale of Spring Mobile to ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
GameStop reported revenue of $798.3 million for the quarter ended Aug. 3 compared with $1.16 billion a year earlier. Two analysts polled by LSEG were expecting revenue of $895.7 million.
GameStop expects first-quarter revenue to drop, shares tumble. May 17, 2024 at 7:28 AM ... narrower than the $50.5 million a year ago, as GameStop benefits from cost cuts.
The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [21] [22] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
GameStop last month hit a three-year low of $9.95. ... GameStop posted revenue of $1.79 billion for the fiscal fourth quarter, compared with $2.23 billion in the same quarter a year earlier.
GameStop posted revenue of $1.79 billion for the fourth quarter, compared with $2.23 billion a year earlier. Shares of the Grapevine, Texas-based company tumbled 15% in extended trade after the ...
The company reported profits of US$9.4 million, US$52.2 million and US$30.6 million for each fiscal year respectively. All other segments of the global GameStop business posted losses in the 2020, 2021 and 2022 fiscal years. 2023 fiscal year has seen Gamestop become profitable.