GameStopat at this moment, can be satisfied with what has been achieved: after the publication of the fourth quarter results the company saw a +48% increase with earnings per share of $0.16. The turnover is now 2.23 billion dollars.
GameStop has made a quarterly profit for the first time in 24 months. The company has been struggling for years and has seen a significant decrease in sales.
The whole year net revenue was $5.928 billion, compared to $6.011 billion in 2021. Collectors are increasing above all, which is becoming one of GameStop's main objectives, as well as to combat the decline in physical games, which are less and less preferred by gamers in the console industry (PS5 Digital and Xbox Series S are moving in this direction due to the absence of an optical reader).
GameStop has announced that it has completed most of its infrastructure, systems, shipping capabilities, and online and mobile platforms.
Matt Furlong, the company's Chief Executive, said the company is working to improve efficiency and meet profitability targets, including in Europe, and to continue improving supplier conditions and make more consoles available to meet customer demand.
Recall however, that GameStop is still far from the level of performance achieved years ago. However, the approach taken appears to be revealing fruit.
GameStop provided the GS Pro Club, a service that includes a slew of exclusive bonuses, just a few weeks ago.
