PLAY reported a miss on both top and bottom lines (adjusted loss of $0.27/share, revenue -2.4%) due to structural weakness in its core arcade segment, which has seen declining entertainment sales for 8 straight quarters.

Last but not least, Dave & Buster's. Dave & Buster's shares are down more than 7%. You got bleeding on the balance sheet happening here. Worse than expected quarter on both the bottom line and top line.

They reported a loss on an adjusted basis of 27 cents per share. The street was expecting for Dave & Buster's to be in the black. Revenue declined 2.4% to 544.1 million. That also missing estimates.

So, they missed on the top line. They missed on the bottom line. There was one you know, better than expected number. That was same store sales. They did decline by 2.9%, but it was better than the drop the analysts were expecting here.

The problem is it's arcade business. You're looking at it. You know, no one's using the arcades like they used to. Entertainment sales have been declining there year-over-year for eight quarters in a row and it hasn't improved.

Now, there was some improvement in food and beverage sales, but it's not enough to move the needle and offset that you see in its core arcade business.

So, that's the question. The new CEO has said, "Okay, we have done years of underinvestment in the arcade that leaves it weak and, you know, the relevance question is there. Like, why aren't more kids coming there for their birthdays, etc." So, they're going to keep trying to work on it.