GameStop slips as shift to digital gaming hurts Q1 revenue
ReutersJun 11, 2025 8:50 AM
Shares of videogame retailer GameStop GME.N fall 3.68% to $29.04 premarket
Co's Q1 revenue down 17% to $732.4 million vs $881.8 million a year ago
Revenue took a hit as consumers increasingly favor digital downloads, game streaming, and online shopping over physical game purchases
In early May, GameStop sold its Canadian arm, Electronics Boutique Canada, which ran its Canadian stores and online operations
Co also expects the sale of its operations in France to close during fiscal year 2025
Stock down ~4% so far this year through Tuesday
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