Categories AlphaGraphs, Earnings, Leisure & Entertainment

GME Infographic: Highlights of GameStop’s Q2 2022 earnings

GameStop Corp. (NYSE: GME) reported a wider net loss for the second quarter of 2022 when the gaming company’s sales decreased 4% and missed analysts’ expectations.

The company reported a net loss of $108.7 million or $0.36 per share for the latest quarter, on an unadjusted basis, compared to a loss of $61.6 million or $0.21 per share in the same period of last year. The adjusted loss was $0.35 per share, compared to a loss of $0.19 per share in the prior-year quarter. The latest number beat the estimates.

At $1.14 billion, second-quarter net sales were down 4% from the year-ago period. The top line also missed analysts’ estimates.

Check this space to read management/analysts’ comments on GameStop’s Q2 2022 earnings

During the quarter, the company followed up the earlier launch of its digital wallet by launching the non-fungible token marketplace to allow gamers, creators, collectors, and others to buy, sell and trade NFTs.

Prior Performance

  • GameStop Q1 2022 earnings infographic
  • Gamestop Q2 2021 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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