PS3 News: Bolstered By Digital, GameStop Posts Big Annual Numbers - PS3 News

Members Login: Register | Why sign up? | Forgot Password?

Bolstered By Digital, GameStop Posts Big Annual Numbers

More big numbers for GameStop.

The retailer has reported their earnings for the fourth quarter and fiscal year, which ended on January 31. Sales were down during the last quarter but the yearly revenue rose and digital continues to be on the rise.

For the fourth quarter, overall global sales came in at $3.48 billion, which is a 5.6 percent fall compared to the $3.68 billion they tallied in the same quarter last year. New software, mobile, and consumer electronics posted gains, but hardware sales fell. That's not too surprising, given the fact that last year, GameStop was reveling in having not one, but two new consoles on store shelves.

Digital sales rose 41.4 percent to $368.8 million, led by downloadable content and mobile digital sales, and fourth quarter net income came in at $244.1 million. That's up from last year's fourth-quarter take of $220.5 million. As for the fully year, sales hit $9.3 billion, up from the $9.04 billion posted last year, due to "better than expected" PS4 and Xbox One sales. Said GameStop CEO Paul Raines:

"2014 was a year of continued growth, diversification, and expansion of the GameStop family of specialty retail brands. In our core video game business, we achieved our highest market share in history with 28 percent share of next-generation hardware, 46 percent share of next-generation software and an estimated 42 percent share of downloadable content."

Tags: gamestop, gamestop business, gaming industry, video game sales

3/26/2015 8:48:25 PM Ben Dutka

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (4 posts)

Thursday, March 26, 2015 @ 11:10:14 PM

Guess I just buy digital stuff from like, the digital place it comes from instead of a third party.

Agree with this comment 1 up, 0 down Disagree with this comment

Friday, March 27, 2015 @ 8:24:43 AM

Are they really earning that much from digital sales?

Whenever I see stuff like this, I'm reminded of Paul Beeston's quote... "Using generally accepted accounting principles, I can turn a 6 million dollar profit into a 4 million dollar loss."

Agree with this comment 0 up, 0 down Disagree with this comment

Friday, March 27, 2015 @ 7:02:03 PM

I find it depressing that anyone would buy digitally through Gamestop. Just use PSN/XBL/Steam like a normal, non-terrible person.

Agree with this comment 1 up, 0 down Disagree with this comment

Saturday, March 28, 2015 @ 2:32:54 AM

well thats good i guess but digital stuff is margin rich so that doesn't surprise me

happy gaming

Agree with this comment 0 up, 0 down Disagree with this comment

Leave a Comment

Please login or register to leave a comment.

Latest Updates

Shadow of the Colossus Review
10d, 11h, 56m ago (2 comments)

Strikers Edge Review
14d, 12h, 36m ago (19 comments)

Okami HD Review
15d, 10h, 28m ago (6 comments)

Ultimate Chicken Horse Review
19d, 5h, 22m ago (16 comments)

Black Mirror Review
34d, 17h, 24m ago (23 comments)

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results