GameStop: Record Losses Mount As Diamond Hands And NFT Hopium Underpin Share Price

GameStop's February-April quarter saw 21% QOQ increase in software sales. For reference, industry-wide content sales were down 7% in calendar Q1.All segments combined, GameStop's total growth during the second year of the cycle looks to be mid-to-high single digits.GME's Q1 gross profit as a percentage of sales collapsed to 22% compared to 26% in the prior year quarter despite the favorable mix shift to software.At current run rates, GameStop's revenues would need to increase about 50% to reach breakeven net earnings during a non-holiday quarter.The well regarded crypto industry source Bankless on YouTube gave the newly launched GameStop Wallet a solid review and introduction.