Fewer new releases hits Gamestop's Irish business

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

United States News News

The absence of new video game releases last year contributed to the Irish arm of Gamestop recording pre-tax losses of €5.07m in 2020.

That is according to new accounts for GameStop Ltd, which show that revenues decreased by 14%, or €5.1m, to €31.69m in the 12 months to the end of January this year.

Some of the best-selling games of 2021 include Fifa 22, Mario Party Superstars, Call of Duty: Vanguard and Battlefield 2042. The business recorded an operating loss last year of €3.26m, which takes into account non-cash depreciation charges of €3.5m.The pre-tax loss of €5.07m last year is a decrease of 34% on the pre-tax losses of €7.68m in the prior year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in US

United States United States Latest News, United States United States Headlines