3 Reasons Digital Downloads Drag Down GameStop [Seeking Alpha]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130125&p=irol-irhome
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Source: Seeking Alpha
3 Reasons Digital Downloads Drag Down GameStopSummaryFile size and download speeds no longer pose a barrier to online download of video games as global fixed broadband averages exceed 40 Mbps.As inventory of possible preowned games diminishes, GameStop’s overall profitability rate diminishes because the mix shifts toward the lower profit new software and hardware categories.GameStop’s share of sales falls significantly for new games, digital downloads, hardware and accessories, and even collectibles as the $750 million trade-in subsidy withdraws.Fewer physical games are published each year and consumers play games longer, reducing inventory for GameStop's preowned category.Expect sentiment to worsen as cash flow expectations decline, debt exceeds cash on hand, and questions are raised if both the divided and store remodels can be maintained.
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- 4/4/24 - Form 8-K
- GME's page on the SEC website