GameStop's Revenue Falls with Declining Sales in Multiple Categories

Friday, 7 June 2024, 11:32
GameStop's first-quarter results showed a declining revenue due to weak sales in hardware, accessories, software, and collectibles. Despite narrowing losses, the company faced challenges across its product categories. Notably, the man behind the pandemic meme stock craze, known as 'Roaring Kitty,' announced an upcoming YouTube livestream.
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GameStop's Revenue Falls with Declining Sales in Multiple Categories

GameStop's Revenue Decline

GameStop managed to narrow its losses in the first quarter, but the video game retailer's revenue fell as sales weakened for hardware and accessories, software and collectibles.

Roaring Kitty's YouTube Livestream

The results were released shortly after the man at the center of the pandemic meme stock craze, who is known as Roaring Kitty on social media platforms YouTube and X, disclosed that he'll be hosting a YouTube livestream on Friday.

GameStop Corp. lost $32.3 million, or 11 cents per share, for the period ended May 4.

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