Gross revenue climbs as GAME’s share price continues to soar

Ben Parfitt
Gross revenue climbs as GAME’s share price continues to soar

GAME Digital has reported a 17 per cent increase in group revenue for the quarter ending October 25th.

The retailer claims to have grown its market share across hardware, software and digital in both the UK and Spain, with digital receipts up 49 per cent year-on-year.

150k GAME App registrations were made throughout the period, taking total downloads to over 900k. The chain also confirmed that 43 of the 45 Spanish stores it acquired from GameStop have now been successfully transferred.

All of which comes as GAME's share price hits a record-high of 360p, massively up from the 314p they were valued at when the company paid out over 1m worth of Virtual Sharesjust two weeks ago.

GAME floated at just 195p back in June.

The new financial year has begun in line with our expectations,” CEO Martyn Gibbs said. We are pleased with the continued progress made across our strategic initiatives and as we move into the key trading months of the year we are encouraged by the strength of the line-up of new physical and digital games being launched.

Overall we remain well prepared for peak, with our campaign ‘It's GAME season' now launched across all forms of media, exclusives secured on many of the major pre-Christmas new game releases, a great line-up of customer offers across all product categories and a strong balance sheet.”

GAME last month reported an annual revenue increase of 31 per cent, with profit reaching 2.8m.

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