GameStop’s net worth isn’t the largest. Still, it might surprise you that they are a major player in the US electronics retailer sector. Potential investors and current shareholders would be interested as it informs them about the company’s growth and stability.
GameStop is an American console and PC video game retailer that gained popularity in the ’80s when it began its life as Babbage’s. However, the 41-year old company is worth approximately $8 billion. Their net worth has grown significantly over the past year.
What is GameStop?
If you’re into gaming, it’s likely you’ve heard of GameStop. The reason is that it’s the world’s most prolific video game vendor. GameStop was founded in 1984; it was initially called Babbage’s and offered only games and software for Commodore 64 computers. Today, it has more than 6,500 stores worldwide, including 4,400 in the U.S.
GameStop sells new and used video game software, hardware, and accessories for personal computers and powerful consoles like Xbox One, PlayStation 4 (PS4), and Nintendo Switch.
It also offers digital codes for downloadable games, in-game content, and collectibles like action figures, apparel, and statues. You can even sell your old games or make money renting out new ones through its PowerUp Rewards program.
The company operates under several brands, including GameStop, EB Games, ThinkGeek, and Micromania. The latter is huge in France.
Despite a few hiccups here and there, GameStop continues to be one of the top places to buy all things gaming, both in-store and online.
GameStop’s Net Worth
To find the net worth of a company you subtract the company’s debts from the value of its assets.
GameStop’s net worth is estimated to be over $8 billion by 2022, which is derived from the company’s sales of video games. The company also generates income from third parties through brand licensing, reward programs, advertising space in the store, and product returns and trade-ins.
GameStop employs a multi-channel business model. It generates revenue from selling new and used games and hardware, digital products such as downloadable content (DLC); mobile and browser-based games; in-game currency, physical and digital collectibles, and licensed merchandise.
A company that sells used games and consoles is making an all-new console; Nintendo has been doing exceptionally well. Xbox One and PlayStation 4 have already garnered millions of dollars in sale since their release. This indicates that GameStop will become more profitable and have plenty of room to grow.