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.