GameStop (GME) Revenue — Quarter Ended Jul 29, 2023
Revenue for the period decreased compared to the immediately preceding quarter, but increased versus the same quarter one year earlier. This mixed performance highlights the ongoing variability in the company's top line.
Key takeaway
Quarter ended Jul 29, 2023 · FY2023 Q2
Revenue for the period decreased compared to the immediately preceding quarter, but increased versus the same quarter one year earlier. This mixed performance highlights the ongoing variability in the company's top line.
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
-5.9%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
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 |
|---|---|---|
| Oct 29, 2022 | $1.2B | -8.5% |
| Jan 28, 2023 | $2.2B | -1.2% |
| Apr 29, 2023 | $1.2B | -10.3% |
| Jul 29, 2023 | $1.2B | +2.4% |
Revenue performance
The reported revenue shows a sequential decline, continuing a pattern of lower revenue following a stronger prior quarter. The modest year-over-year gain indicates some improvement from the prior year's level.
Quarterly comparison
Compared with the prior quarter, revenue declined; however, it grew against the same period last year. This marks a reversal from the year-over-year declines seen in the preceding three quarters.
What to watch
The sustainability of this year-over-year improvement will be a key focus going forward.