GameStop posts $8.8 billion annual revenue
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March 26th, 2009
World’s largest (by far) game retailer, GameStop, has posted an annual revenue of $8.8 billion, while profits were almost $400 million — a 33% increase compared to last year. This is the 8th year in a row that GameStop has posted both revenue and profit growth.
A big part of GameStop’s profits came from used game sales; while used games sales accounted for only 23% of revenue, they accounted for over 43% of the profits. GameStop expects 2009 to be another record year, although they expect the growth to slow down.
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