According to CNBC, GameStop, a retailer of video games and related products, announced its first quarterly profit in nearly two years, with a profit of $48.2 million, and net sales fell slightly from $2.25 billion in the fourth quarter of last year to $2.23 billion. CEO Matt Furlong said the company will further cut excess costs in 2023, it has exited some countries in the European market, and GameStop is also considering strengthening its business through higher-margin categories such as toys. GameStop formed a partnership with now-defunct crypto exchange FTX last September and ended the partnership two months later. Additionally, GameStop has been experimenting with an NFT marketplace since July and launched an NFT marketplace built on Immutable X in November.