GameStop Corp. shares are down more than 4% Wednesday after the videogame retailer’s first-quarter revenue missed Wall Street’s expectations, despite a fourth consecutive quarterly profit.

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.

GameStop (GME) shares fell in extended trading Tuesday as the retailer's quarterly revenue declined. The video game retailer's revenue dropped 17% year-over-year to $732.4 million. The company swung to an adjusted profit of $83.