GameStop (GME) Revenue — Quarter Ended Aug 3, 2024
GameStop reported a decline in revenue for the quarter. The decrease extended a multi-period trend of shrinking top-line performance.
Key takeaway
Quarter ended Aug 3, 2024 · FY2024 Q2
GameStop reported a decline in revenue for the quarter. The decrease extended a multi-period trend of shrinking top-line performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$798.3M
Revenue reported for this quarter.
Quarter-over-quarter
-9.5%
Change from the immediately preceding quarter.
Year-over-year
-31.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.6B
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 28, 2023 | $1.1B | -9.1% |
| Feb 3, 2024 | $1.8B | -19.4% |
| May 4, 2024 | $881.8M | -28.7% |
| Aug 3, 2024 | $798.3M | -31.4% |
Revenue performance
Revenue for the quarter was down compared to the prior period, reflecting continued contraction in the business.
Quarterly comparison
Revenue fell from both the immediately preceding quarter and the same quarter one year ago, with the year-over-year decline being more pronounced.
What to watch
The persistent downward trajectory in revenue warrants close monitoring in upcoming quarters.