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GameStop saw a nearly 11 percent drop in year-over-year earnings for the second quarter of its 2013 fiscal year, the company announced.

The company’s total global sales for the quarter ending August 3 were $1.38 billion, a 10.7 percent decrease. This is less than GameStop had anticipated—they had projected a 12.5 to 16 percent drop. New game sales were down by 9.3 percent.

“Through two quarters, the year has played out as expected,” GameStop CEO Paul Raines stated in an investor release. “During this console transition period, our financial results have been supported by the continued growth of our emerging businesses.”

Mobile and digital sales, however, have both increased significantly. Mobile sales have risen 124.1 percent, while digital sales climbed 17.9 percent.

GameStop expects an improved sales during the 2013 fiscal year’s third quarter.

GameStop’s Second Quarter 2013 Year-Over-Year Earnings Down 10.7 Percent

By | 08/22/2013 03:29 PM PT

News

GameStop saw a nearly 11 percent drop in year-over-year earnings for the second quarter of its 2013 fiscal year, the company announced.

The company’s total global sales for the quarter ending August 3 were $1.38 billion, a 10.7 percent decrease. This is less than GameStop had anticipated—they had projected a 12.5 to 16 percent drop. New game sales were down by 9.3 percent.

“Through two quarters, the year has played out as expected,” GameStop CEO Paul Raines stated in an investor release. “During this console transition period, our financial results have been supported by the continued growth of our emerging businesses.”

Mobile and digital sales, however, have both increased significantly. Mobile sales have risen 124.1 percent, while digital sales climbed 17.9 percent.

GameStop expects an improved sales during the 2013 fiscal year’s third quarter.

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