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GameStop losses top $105 million despite sales bump

IbizaPocholo

NeoGAFs Kent Brockman

GameStop has released its financial results for the third quarter of 2021, reporting a mixed bag of net sales growth and substantial losses year-over-year.

For the three months ended October 30, the company reported net sales of $1.29 billion, a 29% increase on the $1 billion made during the same period in 2020.

Of the total, $669.9 million (51%) was generated by hardware sales, an increase on the $413.4 million in the same period last year.

Net losses for the quarter amounted to $105.4 million, a sizable increase on the $18.8 million reported in Q3 last year, but an improvement on the $111 million lost during Q2, 2021.

GameStop attributed the rise in sales to new and expanded brand relationships with various companies, including Samsung, Razer, LG and Vizio, among others.
 

Celcius

°Temp. member
They had some really good deals on digital Switch games for Black Friday (bought FETH) but otherwise haven't shopped there in years.
 

Fermbiz

Member
I went to a Gamestop a few days ago.... Its so empty. A shell of nothing inside but shirts and figurines.
 
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