GameStop Loses $63 Million, May Team Up With AMC As Stock Price Falls Eddie Makuch Video game retailer GameStop, which has become a "meme stock" in recent months thanks in part to Reddit traders, has announced its latest earnings--and it was a mixed bag. The company made $1.18 billion in revenue, which was up from $942 million in revenue during the same quarter last year. However, GameStop did not post a profit. The company had a loss of $61.6 million, which is an improvement over the company's loss of $111.3 million for the same period last year. For the six-month period, meanwhile, GameStop made $2.46 billion in revenue, up from $1.96 billion, and had a loss of $128.4 million, compared to a loss of $277 million during the first half the year prior. The launch of the PS5 and Xbox Series X|S, along with the enduring popularity of the Switch, might have helped GameStop's revenue in the past year. Continue Reading at GameSpot https://ift.tt/eA8V8J

Video game retailer GameStop, which has become a "meme stock" in recent months thanks in part to Reddit traders, has announced its latest earnings--and it was a mixed bag.

The company made $1.18 billion in revenue, which was up from $942 million in revenue during the same quarter last year. However, GameStop did not post a profit. The company had a loss of $61.6 million, which is an improvement over the company's loss of $111.3 million for the same period last year.

For the six-month period, meanwhile, GameStop made $2.46 billion in revenue, up from $1.96 billion, and had a loss of $128.4 million, compared to a loss of $277 million during the first half the year prior. The launch of the PS5 and Xbox Series X|S, along with the enduring popularity of the Switch, might have helped GameStop's revenue in the past year.

Continue Reading at GameSpot

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