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GameStop has returned to profitability. The company announced earnings results this week, reporting that it posted a profit of $48.2 million for the fourth quarter of its fiscal year, marking the company's first quarterly profit in
GameStop posted these results
GameStop saw revenue of $2.226 billion during the fourth quarter, down slightly from $2.254 billion. For the full year, the picture wasn't as rosy. GameStop posted revenue of $5.927 billion for the full year, down from $6.011 billion during the previous fiscal year. For the full year, GameStop posted a loss $313.1 million, an improvement from the $381.3 million loss during the previous year.
<p>GameStop has returned to profitability. The company announced earnings results this week, reporting that it posted a profit of $48.2 million for the fourth quarter of its fiscal year, marking the company's first quarterly profit in <a href="
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. This was a massive improvement compared to the $147.5 million loss during the same period last year.GameStop posted these results
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In fact, GameStop
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. Not only that, but managers have reported being under intense pressure to deliver results,
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.GameStop saw revenue of $2.226 billion during the fourth quarter, down slightly from $2.254 billion. For the full year, the picture wasn't as rosy. GameStop posted revenue of $5.927 billion for the full year, down from $6.011 billion during the previous fiscal year. For the full year, GameStop posted a loss $313.1 million, an improvement from the $381.3 million loss during the previous year.
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<p>GameStop has returned to profitability. The company announced earnings results this week, reporting that it posted a profit of $48.2 million for the fourth quarter of its fiscal year, marking the company's first quarterly profit in <a href="
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">two years</a>. This was a massive improvement compared to the $147.5 million loss during the same period last year.</p><p>GameStop posted these results <a href="
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">after implementing a series of cost-cutting measures, including layoffs.</a> In fact, GameStop <a href="
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">enacted at least three rounds of significant layoffs in 2022</a>. Not only that, but managers have reported being under intense pressure to deliver results, <a href="
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">according to Polygon</a>.</p><p>GameStop saw revenue of $2.226 billion during the fourth quarter, down slightly from $2.254 billion. For the full year, the picture wasn't as rosy. GameStop posted revenue of $5.927 billion for the full year, down from $6.011 billion during the previous fiscal year. For the full year, GameStop posted a loss $313.1 million, an improvement from the $381.3 million loss during the previous year.</p><a href="
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