GameStop managed to narrow its losses in the first quarter, but the video game retailer’s revenue fell as sales weakened for hardware and accessories, software and collectibles.
FILE - A GameStop sign is displayed above a store in Urbandale, Iowa, on Jan. 28, 2021. The results were released shortly after the man at the center of the pandemic meme stock craze, who is known as “Roaring Kitty” on social media platforms YouTube and X, disclosed that he’ll be hosting a YouTube livestream on Friday June 7, 2024.
GameStop Corp. lost $32.3 million, or 11 cents per share, for the period ended May 4. A year earlier, it lost $50.5 million, or 17 cents per share. Its adjusted loss was 12 cents per share.The company, which was anticipated to release its quarterly results on Tuesday, said that it would not be holding a conference call on Friday to discuss its financial performance.
In premarket trading, GameStop shares swung from a hefty gain to losses of about 7% at $43.10 after the earnings report. In addition, Gill’s account on X posted a picture of a reverse card from the popular game Uno on Sunday night. There was no text accompanying the image.spiking the price of GameStop at the time. In May, the “Roaring Kitty” account posted an image on X of aThe post on X was followed with a YouTube video from years before when Gill championed the beleaguered company GameStop saying, “That’s all for now cuz I’m out of breath.
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