Videogame retailer GameStop reported a decline in first-quarter revenue on Tuesday as customers increasingly opted for digital downloads over purchases at its brick-and-mortar stores, sending its shares down 4.

The beleaguered video game retailer was the center of a short squeeze in 2021 that resulted in swings from sharp gains to losses -- and since then, the company has seen its stock price decline. GameStop's revenue has suffered as the video game market shifted to digital downloads,