* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

Digital Game Sales Continue Killing Off GameStop, Analyst Says

March 27, 2024
in Entertainment
Digital Game Sales Continue Killing Off GameStop, Analyst Says
Share on FacebookShare on Twitter

Video game and nerd culture retailer GameStop appears to be floundering once more. According to a Reuters report, the company recently laid off an unspecified number of employees after reporting a decline in earnings in the fourth quarter as physical sales fall and digital purchases rise.

Princess Peach’s Leading Role And More New Releases

Read More: GameStop’s New Billionaire Boss Calls For ‘Extreme Frugality’ In Email To Staff

As Reuters reported on March 26, GameStop said earlier this week that its earnings in 2023’s fourth quarter—from October 1 to December 31—totaled just $1.79 billion. For comparison, the company’s 2022 earnings during the same period were $2.23 billion, which equals a staggering 80 percent decline in overall sales. Wedbush Securities analyst Michael Pachter, who spoke to Reuters, attributed this drop to the rise of e-commerce.

“An increasing mix of digital downloads is hurting physical retail, and there is simply no reason to go to the store if a consumer can just order a game and download it immediately,” Pachter said. “Revenues are highly unlikely to rebound unless management figures out a way to drive store traffic. I suspect that they will keep trimming costs to generate breakeven or better, but it is inevitable that their sales will decline to an unsustainable level.”

IGN corroborated Reuters’ report in a March 27 story, saying that net income across the board for GameStop saw a two percent decline, going from $313.1 million in 2022 to $6.7 million in 2023. Another factor hurting the company is the job cuts, which have been reduced to about 8,000 full-time staff and between 13,000 and 18,000 part-time staff as of February 3. For comparison, the company had roughly 11,000 full-time staff and between 14,000 and 27,000 part-time staff in 2023. According to IGN, GameStop CEO Ryan Cohen has not commented on the news yet and, apparently, the company hasn’t held an earnings call to discuss all of this. It appears Reuters learned most of this information through a press release on GameStop’s official website.

Kotaku has reached out to GameStop for comment.

Read More: GameStop Keeps Finding New Ways To Rip People Off

This is the latest blow to the brick-and-mortar retailer, which has been going through it for a few years now. The company tried getting into cryptocurrency and NFTs in 2022, only to shutter its entire marketplace after just two years. Stores have closed, employees have quit, and its chief financial officer, Diana Saadeh-Jajeh, resigned after pushing hard for crypto initiatives.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Kotaku – https://kotaku.com/gamestop-layoffs-digital-sales-rise-physical-games-fall-1851369619

Tags: digitalentertainmentsales
Previous Post

How To Program An Xfinity Remote (Even Without Codes)

Next Post

Dune MMO Dev Confirms No Dong Size Slider, Sorry Conan Exiles Fans

Busy summer sports slate includes Jake Paul vs. Julio Caesar Chavez, Canelo-Crawford bout – El Paso Times

Busy summer sports slate includes Jake Paul vs. Julio Caesar Chavez, Canelo-Crawford bout – El Paso Times

June 4, 2025
Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

June 4, 2025
The Science of Scent: How Israeli Innovation is Redefining Perfume and Wellness – The Jerusalem Post

Unlocking the Power of Scent: How Israeli Innovations are Transforming Perfume and Wellness

June 4, 2025
Accidental discovery at New York planetarium unlocks secret into universe’s inner workings – PBS

Serendipitous Find at New York Planetarium Reveals Secrets of the Universe!

June 4, 2025
Lifestyle choices at 60 linked to dementia risk decades later, study shows – ABC News

How Your Lifestyle Choices at 60 Could Impact Dementia Risk Later in Life

June 4, 2025
GBH layoffs hit 45 staffers less than a month after World cuts – Current – For people in public media

GBH Cuts Deep: 45 Staff Members Laid Off Just Weeks After Major Restructuring

June 4, 2025
Washington state gets a $918M lift from international students – Axios

Washington State Reaps $918 Million Boost from International Students!

June 4, 2025
Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

Will Generative AI Transform the Future of Entertainment

June 4, 2025
In a first, Minnesota doctors walk their own picket line, then hustle to see patients – Star Tribune

Doctors in Minnesota Take a Stand: Walking the Picket Line Before Caring for Patients

June 4, 2025
Mein Kampf found with gun case at USF and FSU shooter idolized Hitler — there’s time, and a need, for lawmakers to act – Florida Politics

Uncovering Dark Ideologies: The Alarming Connection Between Recent Shootings and Extremist Influences

June 4, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (665)
  • Economy (679)
  • Entertainment (21,585)
  • General (15,261)
  • Health (9,721)
  • Lifestyle (682)
  • News (22,149)
  • People (680)
  • Politics (688)
  • Science (15,899)
  • Sports (21,184)
  • Technology (15,665)
  • World (666)

Recent News

Busy summer sports slate includes Jake Paul vs. Julio Caesar Chavez, Canelo-Crawford bout – El Paso Times

Busy summer sports slate includes Jake Paul vs. Julio Caesar Chavez, Canelo-Crawford bout – El Paso Times

June 4, 2025
Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

June 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version