GameStopExtended trading was disrupted Thursday as shares tumbled after videogame retailer revealed an unexpected loss for the holiday quarter.

However, the retailer of video games said that it was strengthening its relationship with gaming companies and is looking to find new revenue streams. The retailer said that it would launch an NFT marketplace, a non-fungible token trading platform, before the end of April.

Fiscal fourth quarter ended January 29. The net loss was $147.5 million. This is $1.94 per share versus an $80.5 million gain or $1.19 a share a year prior. An adjusted loss per share of $1.86 was reported. The total revenue increased to $2.25 trillion.

GameStop has not given a financial outlook to investors since March 2020, when the pandemic started. Analysts have not been allowed to ask questions on GameStop’s earnings calls for the past year. At 5 p.m., it will host an earnings call. ET.

The retailer reported that it made deals with other brands in the fourth quarter. These included Corsair and Lenovo, Alienware and Corsair. The company said that PowerUp Rewards Pro Pro, its subscription service, saw a 32% increase in annual growth. The company stated that the total membership now stands at 5.8 million.

GameStop, which was an early target for the meme stock frenzy, has been a victim of the meme stock frenzy. fresh slate of leadersWho wish to make the brick-and–mortar store an e-commerce company. ChewyRyan Cohen, cofounder of the company was appointed chairman of the board to oversee the turnaround. Former employees were hired by him. AmazonMatthew Furlong and Mike Recupero are the CEO and COO respectively.

Cohen is also involved in another meme stock. Bed Bed & Beyond. He revealed a nearly 10% stake in the companyThis was earlier in the month.

GameStop shares have fluctuated wildly in the last year. Shares hit a 52-week low on Monday of $77.58 — less than one-fourth of the value that it had last June.

GameStop’s shares were down 41% as of Thursday’s closing. The shares closed at $87.70 on Thursday, up about 1%. Nearly $7 billion is the company’s current market value.

Check out the press release from the company here.

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