On Tuesday, local time, video game retailer Gaming Stations (GameStop Corp.) released its fourth quarter results report。Financial data show that the game station Q4 net profit surprisingly reached $48.2 million, as the same period last year net profit was a loss of 1.$47.5 billion, and this profit is the company's first profit in nearly two years;.$300 million, down 1.2%, but still above market expectations of 21.$800 million; earnings per share of 16 cents, prior year loss of 49 cents per share。

GameStop CEO Matt Furlong said on a conference call with analysts: "GameStop is much healthier today than it was in early 2021.。"。"We have a path to full-year profitability.。The company did not give an outlook for 2023.。

GameStop, known for its consumer electronics and gaming merchandise, has struggled with profitability in recent years as the gaming industry moves from physical discs to online downloads.。The industry was further hampered by factors such as supply chain constraints for consoles and a relatively small timeline for new game releases last year.。U.S. video game sales fell 5 percent in 2022, according to industry research group NPD Group。

Supply chain delays during the outbreak left GameStop with a large inventory backlog, the vast majority of which was accumulated during the pre-outbreak period of high demand.。At year-end, the company reduced its inventory to 6.$82.9 billion, down from 9.$1.5 billion。

Another highlight of the quarterly results report is GameStop's physical collectibles sales business, which the company has identified as a long-term priority.。Data show that sales in the business increased 12% year-on-year to 3.$13.2 billion。Hardware and accessories business sales up 4.6% to 12.$400 million, but software sales fell 15% to 6.$74 billion。

Gaming Station surged nearly 38% in after-hours trading in U.S. stocks after announcing surprise fourth-quarter earnings, with its shares soaring as high as 24.5美元。

Activist investor Ryan Cohen joined GameStop's board and became chairman in 2021, embarking on a restructuring that included the removal of its chief financial officer and company-wide layoffs.。The company announced a partnership with the now-bankrupt cryptocurrency exchange FTX US last fall, only to pull the plug two months later.。The company's investment in digital assets to date has produced mixed results。