Why Jim Cramer Compares GameStop to Blockbuster

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GameStop  (GME) - Get Report reported earnings. 

The company reported third-quarter revenue of $1 billion, a 30.2% year over year decrease, with a net loss of 53 cents per share.

Analysts were expecting GameStop to report revenue of $1.09 billion with a net loss of 85 cents per share.

"Our third-quarter results were in-line with our muted expectations and reflected operating during the last few months of a seven-year console cycle and a global pandemic, which pressured sales and earnings," said CEO George Sherman.

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