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GameStop (GME) Q4 2023 earnings results miss revenue and EPS expectations

GameStop's final earnings report for Q4 2023 shows a miss on revenue and earnings expectations.

Donovan Erskine

March 26, 2024 1:31 PM

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GameStop (GME) has released its latest round of earnings, ending its 2023 fiscal year. It’s not great news for the value of the stock, however, as GameStop has reported numbers that miss on both revenue and EPS expectations for the quarter.

GameStop’s earnings results for Q4 2023 were posted to the company’s financial website after the close of markets today. The company’s $1.79 billion in revenue is considerably below the $2 billion estimate. GameStop also reported $0.22/share in earnings-per-share, missing the $0.30/share analyst expectation.

Shares of GameStop (GME) took a nosedive in after-hours trading following the release of the Q4 2023 report. The stock was valued as low as $12.81 after ending the day at $15.55.

It likely didn’t help that GameStop once again decided to pass on holding a subsequent earnings call after reporting results. For more GameStop news, Shacknews has everything you’re looking for.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_