GameStop Deserves To Fall More, Even After Signs Of Progress
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GameStop's Q3 2024 earnings exceeded expectations, but revenue declined by 20.2%. Despite a recent stock increase, long-term performance is poor, with shares down 69% since January 2021. Improved margins and interest income boosted profits, but EBITDA decline indicates ongoing operational struggles.
December 11, 2024 | 12:45 pm
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GameStop's Q3 2024 earnings exceeded expectations, but revenue fell by 20.2%. Despite a recent stock increase, long-term performance is poor, with shares down 69% since January 2021. Improved margins and interest income boosted profits, but EBITDA decline indicates ongoing operational struggles.
GameStop's earnings exceeded expectations, which is positive, but the significant revenue decline and ongoing EBITDA struggles highlight core operational issues. Despite a recent stock price increase, the long-term performance is poor, suggesting potential for further decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100