Digital Sales Up, Profits Down for GameStop

November 17, 2011 -

US video game retailer GameStop announced that it recorded sales of $1.95 billion for the third quarter ended October 29, up by about 2.5 percent from $1.9 billion in the same period a year ago. The company reported that profits were down ever so slightly from $54.7 million to $53.9 million, which it blamed on lower sales of new software.

The good news for the company is that its digital sales were up by an estimated 59 percent, with console digital sales growing 63 percent and PC digital sales up 51 percent. Pre-owned game and hardware sales were up 3.1 percent, and new releases were up by 4.8 percent thanks to a few select titles such as Battlefield 3, Madden NFL 12, Batman: Arkham City, and Dead Island.

"In the third quarter, GameStop outperformed the market and continued to execute against the long-term strategic plan through additional investments in digital and emerging businesses," offered Paul Raines, CEO. "We expect that our innovative digital, iDevice and gaming tablet businesses will supplement our leading retail business this holiday."

GameStop said that it has seen a "strong sell-through" of November releases.

Source: GI.biz


Comments

Re: Digital Sales Up, Profits Down for GameStop

As much as I hate digital distribution, this made me smile.

Re: Digital Sales Up, Profits Down for GameStop

I've seen a lot more people trade in games instead of buying new.  When people do buy new, they usually trade in a heap of older games to reduce the cost.  Also G$ has been eating the cost of the "online pass" DLC on their used games for quite a few titles.  MK9, Arkham City, and Gears 3 come to mind off the top of my head as giving away free DLC for the used games.  IMHO, that's also why the used prices of those games hasn't dropped much yet.

 
Forgot your password?
Username :
Password :

Poll

Should ‘sexism’ factor into a video game’s rating?:

Shout box

You're not permitted to post shouts.
Andrew EisenIf you missed the HuffPost segment I guested on, the replay is now embedded in the story.11/21/2014 - 6:05pm
Wonderkarphttps://pbs.twimg.com/media/B2__4yZCcAA9Ytp.jpg these look amazing. Peach is the only one I'm tempted to open cause her packaging is bent. get another nonbent one....man. toycollector me and gamecollector me is fighting11/21/2014 - 5:51pm
WonderkarpJust finalized my Smash Bros free Sound Track Order. Also got 4 amiibos and they look fantastic. I'm afraid to open them. they look spectacular!11/21/2014 - 5:45pm
james_fudgeCan we all agree that Andrew cleans up nicely and can go on any program?11/21/2014 - 5:01pm
Wonderkarpthank you for that line, Andrew. alot of great films fail the bechdel test. Gravity fails it and it has a female lead.11/21/2014 - 4:48pm
Andrew EisenAw, thanks James! Well, now I have to drive back to work!11/21/2014 - 4:45pm
Andrew EisenDidn't have a chance to say this on the HuffPost segment but while the Bechdel test is useful as a broad examination of gender representation in media, it's not at all appropriate as a judgement of quality.11/21/2014 - 4:45pm
james_fudgeAndrew you killed it!11/21/2014 - 4:44pm
WonderkarpMadeline Bergman. second female, they never speak of men, just a computer program. it passes the test11/21/2014 - 4:34pm
E. Zachary KnightDoes Other M have more than one woman in it?11/21/2014 - 4:31pm
Wonderkarpyet Metroid Other M, a game where people cried sexist due to the commanding officers restricting Samus, passes the test....11/21/2014 - 4:21pm
Wonderkarpwait...they are using the bechdel test to determine which games are sexist?.....how does that work with a game like Super Mario Bros when there is no Dialogue? test itself is BS. Alien doesn't pass it11/21/2014 - 4:20pm
james_fudgeAndrew Eisen on Ice! Please join in at 4:23 pm et and support our bestie! http://live.huffingtonpost.com/r/segment/sweden-sexism-video-game/546d41cffe344486d400023711/21/2014 - 4:05pm
Matthew Wilsonthose are the same people that said google should pay to list news sites in their news reader, and than accused google of blackmail when google said no and delisted them.11/21/2014 - 4:03pm
Wonderkarpwait....europe can dismantle a company not founded in europe?11/21/2014 - 3:54pm
NeenekoHrm, that does raise interesting questions about anti-trust laws and transnational corporations.11/21/2014 - 3:54pm
Matthew Wilsonhttp://arstechnica.com/tech-policy/2014/11/europes-parliament-poised-to-call-for-a-break-up-of-google/ what is with Europe? good think they dont have the power to do it. worse comes to worse google can block any European country that tries.11/21/2014 - 3:49pm
Andrew EisenFun Fact: Back when it was new, I was linked to that docket by three separate people in the same day. It was submitted as proof of their claim. In all three cases, the docket didn't even address what they were talking about. Did any of them read it?11/21/2014 - 3:00pm
Wonderkarpits not a piece. its just a press docket. its like a wiki11/21/2014 - 2:52pm
NeenekoAnd for not being about feminism, the piece spends a lot of focus talking about it....11/21/2014 - 2:44pm
 

Be Heard - Contact Your Politician