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Gamestop revenue dips as it pulls nearly $6bn in 2022

The retailer's collectible business segment saw an increase of 17% as it hit $964 million throughout the year

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Video game retailer GameStop has seen a 1.4% dip for the fiscal year 2022 as it amassed $5.93 billion in net sales. Meanwhile, the company reported that net sales hit $2.2 billion during its fourth quarter, a decrease of 1.2% year-over-year.

The company released its financial results for the 12-month period that ended on January 28, 2023. Here's what you need to know:

The Numbers:

In the fiscal year 2022:

  • Net sales: $5.9 billion, down 1.4% year-over-year
  • Net loss: $313 million, compared to $381.3 million in 2021
  • Hardware and accessories: $3.14 billion, down 1% year-over-year
  • Software: $1.82 billion, down 9.5% year-over-year

In Q4 2022:

  • Net sales: $2.2 billion, down 1.24% year-over-year
  • Net income: $48.2 million, compared to net loss of $147 million in 2021
  • Hardware and accessories: $1.24 billion, up 4.5% year-over-year
  • Software: $670 million, down 14.7% year-over-year

The Highlights:

Gamestop's full-year net loss reached $313 million, by comparison the figure was $381.3 million in 2021. The retailer's collectibles business segment was the only positive performer, increasing 17% to $964.6 million in 2022.

Hardware and accessories accounted for 53% of the year's earnings, while video game software comprised 31% of net sales.

During Q4 2022, net income hit $48.2 million, during the same period last the figure was a net loss of $147 million. It was the first profitable quarter for GameStop in several years.

The quarter saw its hardware and accessories and collectible divisions increase revenue year-on-year. Hardware and accessories were up 4.5%, which amassed 1.24 billion during the three months.

Meanwhile, collectibles pulled in $313.2 million, up 12% compared to last year.

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Correction: This article previously reported the Q4 net income as a net loss. The text has been corrected.

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Jeffrey Rousseau avatar
Jeffrey Rousseau: Jeffrey Rousseau joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.
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