Contact Us

Gamestop Hit With Net Loss Of $269.7 Million

Gamestop

GameStop was hit with a huge loss this past year, but it wasn’t for nothing. It seems that they were spending money now to make more in the future.

CEO Paul Raines said, ”Perhaps most importantly, we invested in our mobile and digital businesses to position the company for future success. These channels delivered as planned and significantly contributed to our highest ever gross margin and profitability.”

Ever since rumors of blocking used games on next-gen consoles started floating around, GameStop began to sweat a little. A huge chunk of their revenue is based on used games and for that to potentially be cut would devastate the company. That being said, it seems that GameStop took some losses this year in order to position themselves better for the future.

 

Best of the Web

More From Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://arcadesushi.com using your Facebook account.

Please fill out the information below to help us provide you a better experience.

Register on Arcade Sushi quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on Arcade Sushi quickly by logging in with your Facebook account. It's just as secure, and no password to remember!