GME NYSE· Gamestop Corporation
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GME NYSE· Gamestop Corporation
Earnings report Q4 2023

GameStop Reports Decrease in Revenue Amidst Transformation Efforts

Segments of Revenue

GameStop's revenue for the latest quarter was reported at $1.08 billion, a decrease from the previous year's $1.19 billion. The company operates in four geographic segments: United States, Canada, Australia, and Europe. However, the report does not provide a detailed breakdown of revenue by these segments.


Despite the decrease in revenue, GameStop is in the midst of a transformation phase which began in the second half of 2022. The company has been investing in its enterprise systems, technology capabilities, store leaders and associates, and product catalog and offerings. This could potentially lead to a stronger market position and increased revenue in the future.


The decrease in revenue indicates that GameStop is facing challenges in its current market. The company is also focused on achieving profitability, which may be difficult given the current decrease in revenue. Furthermore, the company is emphasizing cost containment, which could potentially impact its ability to invest in growth opportunities.


It's worth noting that GameStop's transformation phase is still ongoing, and the company is working towards establishing an omnichannel retail experience, achieving profitability, and leveraging brand equity to support growth. These efforts could potentially impact future revenue.


In summary, GameStop's latest quarter saw a decrease in revenue to $1.08 billion. The company is in the midst of a transformation phase, investing in various areas of its business in an effort to increase revenue in the future. However, challenges remain, including achieving profitability and managing costs. The ongoing transformation efforts and their impact on future revenue will be key areas to watch.

Source documents

Form 10-Q  filed on Dec 06, 2023
67 pages scanned

Reference data

Company financials Q4 revenue 1.08B
Analyst estimates Q4 EPS missed by -100.00%
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