GameStop has released its latest earnings report, shining a light on how the video game retailer is performing in the market--and it was a mixed quarter for the company.

Revenue came in at $821 million, compared to $860.3 million during the same period last year, and short of Wall Street projections. Profit, however, soared from $17.4 million last year to $77.1 million for the latest period. GameStop's stock price sank after the earnings report came out, with many saying the revenue miss was to blame for the falling price.

Others, however, have said GameStop's strong profit-growth, along with having more than $8.8 billion in cash, cash equivalents, and marketable securities (up from $4.6 billion last year) is a sign of health. Additionally, GameStop's Selling, General, and Administrative (SG&A) costs were $221.4 million for the quarter, down from $282 million during the same period last year.

The next video game set for a film/TV adaptation has been announced, and it is developer RubberBandGames' sandbox game Wobbly Life.

The London-based developer has announced a deal with veteran Hollywood producer Adrian Askarieh and his Prime Universe Films company to develop Wobbly Life for film and TV. This does not mean that Wobbly Life will definitely become a film or a TV series, only that the company has secured the rights and may begin the development process.

Prime Universe previously produced the Hitman movies starring Timothy Olyphant and Rupert Friend. Askarieh is also attached to the in-development Hitman TV show in the works now.