GameStop Share Drops as video game retailer reports widening losses in the third quarter

GameStop shares fell about 4% in extended trading on Wednesday, after the video game retailer reported that its losses widened in the fiscal third quarter.

The company reported that its net loss grew to $105.4 million, or $1.39 per share, from a loss of $18.8 million, or 29 cents per share, a year earlier.

Total revenue grew to $1.30 billion from $1.00 billion a year earlier. The company said its sales grew as it expanded relationships with brands, including Samsung, LG, Razer and Vizio.

Written by Alex McCurthy

Influencer UK VIP Contributor

Marvel Celebrates Free Comic Book Day 2022 with Three Titles

Keanu Reeves Reveals His Shocking Reaction When Asked To Return For The Matrix Resurrections