GameStop reports revenue decline amid broader gaming slump

Volatile stock: A pedestrian walks by a GameStop store in San Francisco. The company’s earnings have slowed as gamers shift from buying game discs to digital downloads. — AFP

NEW YORK: GameStop Corp has posted an 8.5% decline in sales in the third quarter amid a broad-based drop in game spending.

Net sales were US$1.19bil (RM5.22bil) in the three months ended Oct 29, lower than two analysts’ projections for US$1.39bil (RM6.1bil).