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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 ...
GameStop's third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago. Cash and cash equivalents at the end of the third quarter were $4.58 billion, compared with $4.19 ...
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.
Fiscal first-quarter results included a $32.3 million loss on revenue of $882 million. Notably, GameStop lost $50.5 million on revenue of $1.2 billion last year.
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.
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.
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 ...
Game Informer (GI) [a] was an American monthly video game magazine featuring articles, news, strategy, and reviews of video games and game consoles.It debuted in August 1991, when the video game retailer FuncoLand started publishing an in-house newsletter.