Page 13 - Interactive Software News Today

Offloading Gearbox is the latest move by Swedish media giant Embracer Group, which is restructuring after a $2 billion investment deal fell through last summer.

(CTN News) - The videogame retailer GameStop (GME.N), opens new tab announced on Tuesday that it had cut unspecified numbers.................

As of February 3, GameStop had about 8,000 full-time salaried and hourly associates and between 13,000 and 18,000 part-time, hourly associates worldwide. That compares to 11,000 full-time salaried and hourly employees and between 14,000 and 27,000 part-time hourly employees in 2023.

GameStop's fourth-quarter earnings reveal a 19% revenue drop, prompting layoffs amid fierce competition from e-commerce and digital downloads, causing a 19% stock plummet.

Take-Two Interactive Software shares sank following a report suggesting its "Grand Theft Auto VI" video game could be delayed.

GameStop reported a fall in fourth-quarter revenue as the videogame retailer grappled with competition from e-commerce firms and weak consumer spending

:Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy.Shares of the Grapevine, Texas-based company tumbled 16 per cent in e

Shares of the Grapevine, Texas-based company tumbled 15% in extended trade after the results. U.S. videogame publishers Take-Two Interactive Software and Electronic Arts also delivered lackluster earnings last month as the gaming industry faces pressure from high borrowing costs, sticky inflation and a slowdown in demand from pandemic peaks. GameStop posted revenue of $1.79 billion for the fourth quarter, compared with $2.23 billion a year earlier.

Shares of the Grapevine, Texas-based company tumbled 15% in extended trade after the results. U.S. videogame publishers Take-Two Interactive Software and Electronic Arts also delivered lackluster earnings last month as the gaming industry faces pressure from high borrowing costs, sticky inflation and a slowdown in demand from pandemic peaks. GameStop posted revenue of $1.79 billion for the fourth quarter, compared with $2.23 billion a year earlier.

GameStop posted revenue of $1.79 billion for the fourth quarter, compared with $2.23 billion a year earlier