Name: GameStop Corp. (NYSE:GME) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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GameStop Corp., income statement, revenues

US$ in thousands

12 months ended:	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Hardware and accessories	2,996,800)	3,140,000)	3,171,700)	2,530,800)	2,722,200)	3,717,800)
Software	1,522,000)	1,822,600)	2,014,800)	1,979,100)	3,006,300)	3,856,500)
Collectibles	754,000)	964,600)	824,200)	579,900)	737,500)	711,000)
Net sales	5,272,800)	5,927,200)	6,010,700)	5,089,800)	6,466,000)	8,285,300)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

Net sales exhibit a long-term downward trajectory, decreasing from $8.29 billion in 2019 to $5.27 billion in 2024. Although a period of recovery was observed between 2021 and 2022, the overall trend indicates a contraction of the total revenue base over the six-year period.

Hardware and Accessories: This segment has become the primary driver of total revenue. After a decline from $3.72 billion in 2019 to a low of $2.53 billion in 2021, the category recovered to $3.17 billion in 2022. A slight downward trend followed, with revenue settling at $3.00 billion by 2024.
Software: A consistent and severe decline is evident in software sales. Once the leading revenue generator in 2019 at $3.86 billion, this segment decreased to $1.52 billion by 2024. This represents the most significant erosion of value across all reporting categories.
Collectibles: Collectibles remain the smallest contributor to total net sales. The segment showed relative stability and growth compared to other categories, peaking at $964.6 million in 2023 before declining to $754 million in 2024.

The revenue composition has shifted fundamentally over the analyzed period. The dependency on software has diminished sharply, while the relative importance of hardware and accessories has increased to sustain the majority of net sales.

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