GameStop Says It Plans to Launch NFT Marketplace by End of April

GameStop Says It Plans to Launch NFT Marketplace by End of April
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GameStop Says It Plans to Launch NFT Marketplace by End of April

GameStop (GME) said in its fiscal fourth quarter earnings report that it intends to launch an NFT marketplace by the end of April.

  • In February, GameStop said it would be partnering with Layer 2 system Immutable X for the launch of its NFT marketplace.
  • Overall, the game retailer reported a fiscal fourth quarter loss of $1.94 per share versus the consensus analyst estimate of a gain of $0.85, according to FactSet, and quarterly revenues of $2.25 billion versus the analyst estimate of $2.16 billion.
  • Shares of GameStop were falling almost 10% in post-market trading on Thursday.
  • The company is scheduled to host a call with analysts at 5 p.m. ET to further discuss its results and plans.

This is a developing story and will be updated.

UPDATE (March 17, 20:31 UTC): Added overall quarterly results.

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