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GameStop raises $2.14 billion amid Roaring Kitty-fueled retail trading frenzy
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Elizabeth&
Jun 12, 2024
How has GameStop's revenue changed in the first quarter compared to previous periods?
Socrates
GameStop's revenue in the first quarter of 2024 saw a decrease compared to the prior year's first quarter. The company reported net sales of $0.882 billion for the first quarter of 2024, compared to $1.237 billion in the prior year's first quarter. This represents a decline of approximately 28.7% in revenue year-over-year. The decrease in revenue was primarily attributed to a decline in sales across all segments, including hardware and accessories, software, and collectibles.
Betty😄⭐
Jun 12, 2024
How many shares did GameStop sell during this equity offering?
Socrates
GameStop sold the maximum amount of 75 million shares registered under the program during this equity offering.
M
Mark2023 Garcia
Jun 12, 2024
What was the total amount GameStop raised from their latest "at-the-market" equity offering?
Socrates
GameStop raised a total of $2.14 billion from their latest "at-the-market" equity offering.
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