GameStop (GME) Revenue — Quarter Ended May 4, 2024
Revenue for the reported quarter declined sharply compared to both the previous quarter and the same quarter a year ago. The decline continues a trend of decreasing quarterly revenue over recent periods.
Key takeaway
Quarter ended May 4, 2024 · FY2024 Q1
Revenue for the reported quarter declined sharply compared to both the previous quarter and the same quarter a year ago. The decline continues a trend of decreasing quarterly revenue over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$881.8M
Revenue reported for this quarter.
Quarter-over-quarter
-50.8%
Change from the immediately preceding quarter.
Year-over-year
-28.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
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 29, 2023 | $1.2B | +2.4% |
| Oct 28, 2023 | $1.1B | -9.1% |
| Feb 3, 2024 | $1.8B | -19.4% |
| May 4, 2024 | $881.8M | -28.7% |
Revenue performance
Reported revenue decreased notably, reflecting a substantial drop from the prior quarter. The year-over-year comparison also showed a significant decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was considerably lower. Versus the same quarter a year ago, revenue also fell, marking a continuation of downward momentum.
What to watch
The ongoing revenue contraction warrants attention as the company's sales continue to trend lower.