GameStop (GME) Wallet and NFT Marketplace revenue was not material to Q3 2022 results
GameStop’s 10-Q form reveals that its crypto business didn’t have much of an impact on its quarterly results.
GameStop (GME) recently shared its Q3 2022 earnings report to share with the public and investors how it performed financially in the most recent period. In addition to the earnings report, GameStop also filed a 10-Q with the SEC for the previous quarter. This filing includes additional information not found in the actual earnings report, such as that the GameStop Wallet and NFT marketplace were not material to the quarter’s results.
GameStop’s (GME) Q3 2022 10-Q filing with the SEC is available on the company’s investor relations page. This is where the retailer talks to GameStop Wallet and the NFT Marketplace.
That is interesting information to say the least. GameStop has clearly invested a lot of its resources into planting its flag in the crypto and NFT world, but that part of the business doesn’t seem to have yielded much of a return so far, not that that couldn’t change in retrospect . . It’s also worth noting that during this quarter, GameStop announced its partnership with crypto exchange FTX, which went on to file for bankruptcy during the fourth quarter.
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