/biz/ - Business & Finance

Someone on reddit larping as an high-level accountant posted about how such a narrow loss reported must have been deliberate. He claimed that accountants can to some degree creatively shift the numbers to tell a narrative (hollywood accounting) and that just a 2M loss compared to a 100M loss in the previous year could have easily been shifted into green territory this way.
Assuming Gamestops accountants have this option why report such a narrow loss instead of a just as narrow profit?
Fact is the second quarter has historically been the worst of the year with the 3rd and especially the fourth being the strongest. Given that last quarter was profitable they could have plausibly set up for 12 months of straight profits but choose not to.

Next quarter will see the results of starfield and BG3 sales, after that comes the holiday quarter.