(GameStop) GameStop announced a net loss of $147.5 million in the fourth quarter of 2021, an increase from a net income of $80.5 million in the prior year.
For FY21, the net loss widened to $381.3 million, an increase from a loss of $215.3 million in the prior year.
GameStop net sales still increased in the fourth quarter to $2.254 billion, from $2.122 billion in the prior year. FY21 net sales were $6.011 billion, an improvement from $5.09 billion in the previous year.
The video game retailer revealed its intentions to launch an NFT marketplace by the end of the second quarter of 2022. GameStop also said that its immutable X deal is on course to bring $150 million worth of IMX tokens upon hitting certain milestones.
GME: NYSE is down -7.21%.
