GameStop (GME) Revenue — Quarter Ended Apr 29, 2023
Revenue decreased in the first fiscal quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The decline was driven by lower sales versus both periods.
Key takeaway
Quarter ended Apr 29, 2023 · FY2023 Q1
Revenue decreased in the first fiscal quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The decline was driven by lower sales versus both periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-44.4%
Change from the immediately preceding quarter.
Year-over-year
-10.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 30, 2022 | $1.1B | -4.0% |
| Oct 29, 2022 | $1.2B | -8.5% |
| Jan 28, 2023 | $2.2B | -1.2% |
| Apr 29, 2023 | $1.2B | -10.3% |
Revenue performance
The company's revenue was lower than the prior quarter's figure and also below the level seen a year ago, reflecting a contraction in sales activity.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell, and it was also down relative to the same period in the prior year.
What to watch
Monitor whether the revenue decline persists in the coming quarters or if stabilization emerges.