GameStop CEO Says Physical Games Are Irrelevant as Toys and Cards Drive 41% of Revenue
Updated
Updated · Kotaku · Jul 16
GameStop CEO Says Physical Games Are Irrelevant as Toys and Cards Drive 41% of Revenue
3 articles · Updated · Kotaku · Jul 16
Summary
Ryan Cohen told Bloomberg Sony’s plan to stop making new physical PlayStation games in 2028 is “totally irrelevant” to GameStop’s future.
18% of GameStop revenue now comes from game sales, while trading cards and toys account for 41%, underscoring the retailer’s shift away from its legacy software business.
Cohen tied that strategy to his push to buy eBay for about $55 billion, arguing a combined company could become a $1 trillion business after eBay rejected the unsolicited approach in May.
Grand Theft Auto 6, due in November as a digital-only release, would further limit GameStop’s used-game business, but Cohen sidestepped that issue and returned to discussing eBay.