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GameStop misses quarterly revenue estimates on sluggish videogame demand

Summary by Ground News
GameStop missed quarterly revenue estimates as consumers dialed back spending in uncertain economy. Sticky inflation and high borrowing costs have led to uneven spending in the gaming industry. Its results are the first since top investor Ryan Cohen joined as CEO and chairman in late September, tightening his grip on the ailing company.

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GameStop misses quarterly revenue estimates on sluggish videogame demand

(Reuters) -GameStop missed quarterly revenue estimates on Wednesday as consumers dialed back spending in an uncertain economy, hampering the videogame retailer's pivot to a more online-focused model.

·New Delhi, India
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The Print broke the news in New Delhi, India on Wednesday, December 6, 2023.
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