Compared to last year, the company had revenues of $8.89 billion ($9.55 billion in 2011). Sales were down 8% compared to last year, with a decline in sales for new and pre-owned hardware and software.
The $269.7M loss is a drastic decrease compared to the $339.9 million profit in 2011. Part of 2012's loss for GameStop comes from a $680.7 million restructuring plan.
However, the company noted some strong sales growth in their digital sales, which increased 21.2% over last year. In addition, the fourth quarter of the year actually saw revenues hit $3.57 billion for the company, though that wasn't enough to save the entire year. More revenue losses are expected for 2013, as well as a "2% reduction in the square footage of its stores across the world." That is to say, they're probably going to close a few more stores this year.
(Business Wire)