:GameStop Corp on Wednesday reported a smaller-than-expected quarterly loss and a partnership with FTX US to increase its presence in the cryptocurrency space, sending the video game retailer's shares up 10 per cent in extended trading.
GameStop launched a digital wallet earlier this year that it said would enable transactions in a marketplace it is building for gamers and others to buy, sell and trade non-fungible tokens, or NFTs. Last year, GameStop was at the center of a social media-fueled trading frenzy that sent its shares soaring.
On an adjusted basis, GameStop lost 35 cents per share in the second quarter, compared with estimates of a loss of 38 cents, according to Refinitiv IBES data.
Source: News Formal (newsformal.com)
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