GameStop
GameStop business and news from across the web.
4th of July sales have Prime Day beat across PS5, Xbox, PC, and Nintendo SwitchRetailers like Best Buy, Amazon, and Woot are offering significant discounts on games and hardware for PlayStation 5, Nintendo Switch, Xbox Series X, and PC during their 4th of July sales events. Many of these deals surpass the discounts seen during Amazon's recent Prime Day, with Best Buy noted for having the widest selection of gaming deals.
Why Is Sony Killing Discs? It’s “All About Profitability And Control,” Expert SaysSony will discontinue support for PlayStation game discs in January 2028, citing the increasing share of digital game sales. Analyst Rhys Elliott suggests this move prioritizes profitability and control for Sony by eliminating the second-hand market and encouraging full-price digital purchases. While potentially detrimental to consumers and retailers, the shift could benefit developers by allowing for later submission of final game builds.- US: Splatoon Raiders demo pops up in storesNintendo is distributing demos of its upcoming game, Splatoon Raiders, to major North American retailers like GameStop and Target. This initiative aims to generate consumer interest in the new title by allowing shoppers to try it out in stores.
Physical media retailers respond to PlayStation's discontinuation of disc-based gamesSony has announced its decision to cease production of physical disc-based games for PlayStation consoles starting in January 2028. This move has drawn disappointment from physical media retailers like GameFly, Fangamer, and iam8bit, who emphasize the importance of physical media for ownership, preservation, and consumer choice. While GameStop and Limited Run Games have not yet commented, Sony cites shifting consumer trends for its decision, which may also suggest cost-cutting measures for future hardware.
'We are not going to sit idly by': video game retailers react to Sony's PlayStation disc axeing…Video game retailers are expressing strong opposition to Sony's decision to cease production of physical PlayStation game discs in 2028. Retailers like Game, Loot Box Gaming, and VGP Video Game Plus have voiced concerns about the impact on their businesses and the broader implications for game ownership and consumer choice, advocating for the coexistence of physical and digital formats.
GameStop Is Not Hurting After Sony Kills Discs, And There Is A Good Reason WhyDespite Sony's announcement to phase out physical discs for PlayStation games by January 2028, GameStop's stock price has not been negatively impacted. This is because the company's revenue is now primarily driven by collectibles and hardware sales, with software sales constituting a smaller portion of its overall business. The transition to digital distribution is not expected to have an immediate effect on GameStop's financial performance.
PlayStation Disc Death Sends The Internet Into Its Physical Media Defense ArcSony has announced it will end production of all PlayStation game discs in 2028, a move that has sparked backlash from physical media advocates. This decision, alongside the closure of PS3 and PS Vita storefronts, highlights the industry's shift towards digital ownership, impacting physical retailers and raising concerns about long-term game access.- GameStop CEO Came Up With Plan To Buy eBay On The Toilet, Wants It To Become Re-Seller Of Digital Gaming ItemsGameStop CEO Ryan Cohen has proposed acquiring eBay for $56 billion, outlining a vision that includes creating a marketplace for digital gaming items like skins and weapons. While eBay has rejected the offer, Cohen believes this market has massive potential utility beyond physical collectibles. He also plans to cut costs and expand live commerce if the takeover is successful.
- Business and FinanceTencent is reportedly considering withdrawing from several gaming investments, while GameStop's Ryan Cohen has withdrawn a CEO performance award as the company shifts its focus to eBay. These developments highlight shifts in the business and finance landscape of the gaming industry.
GameStop’s Rewards Program May Be Losing Its Best Feature – ReportGameStop is reportedly making significant changes to its Pro Membership rewards program, including the discontinuation of Pro Points for new members starting July 15 and for current members on August 15. This move, aimed at cutting costs, has led to dissatisfaction among some employees and customers. CEO Ryan Cohen was also mentioned in relation to his unsuccessful attempt to buy eBay.- GameStop (GME) earnings results boast highest Q1 operating income in company historyGameStop reported its Q1 2026 earnings, achieving the highest operating income in the company's history for the first quarter. The financial results indicate a strong performance for the company during this period.
- Collectibles revenue was the largest GameStop (GME) Q1 2026 sales segmentGameStop's Q1 2026 sales report indicates that revenue from Collectibles was the largest segment, surpassing Software, Hardware, and Accessories. This highlights the growing importance of collectibles within the company's overall sales strategy.
- GameStop (GME) approves $2 billion share buyback program through 2029GameStop's board of directors has unanimously approved a discretionary share repurchase program. The company plans to buy back up to $2 billion in stock through 2029.
- Business and FinanceGameStop has announced its financial results for the first quarter of fiscal year 2026. The company disclosed its performance metrics and business updates for the period.
GameStop Just Posted Its Highest Profit In History, Going Back DecadesVideo game retailer GameStop has reported its highest-ever quarterly profit of $389.6 million for its fiscal Q1, a significant increase from $44.8 million in the same period last year. Revenue also rose to $835.3 million, while the company continued to cut costs. CEO Ryan Cohen is reportedly exploring a hostile takeover of eBay, having secured $20 billion in financing.
Halo 3 “1v1 Me Bro” Tournament Announced, Top Prize Is A Legendary ConsoleGameStop is hosting a "1v1 Me Bro" Halo 3 tournament at its Euless, Texas location on June 6. Participants can challenge Michael "Flamesword" Chaves for a chance to win a rare Xbox 360 Halo 3 edition console. The event is first-come, first-served, and participants must be 18 or older.- AI Yi-Yi!Anthropic is reportedly filing for an IPO ahead of OpenAI, signaling a race to go public in the artificial intelligence sector. Meanwhile, OpenAI is facing a lawsuit from Florida's Attorney General, who describes the company as a menace. GameStop is also mentioned as another company planning an IPO.
Nintendo pre-order updates – May 31, 2026 – Dragon Quest 11 S for Switch 2, Ratatan, moreNintendo has provided updates on pre-order availability for various games and amiibo across North America, Canada, and the UK for May 2026. Titles like Dragon Quest 11 S for Switch 2, Ratatan, and Final Fantasy 7 Rebirth are listed with their respective release dates and retailers. The article also includes updates on books and other merchandise related to Nintendo properties.
Wolverine PS5 Pre-Orders Expected to Open Next Week, After State of PlayPre-orders for Marvel's Wolverine on PlayStation 5 are expected to begin next week, following an appearance at the upcoming State of Play event on June 2nd. Retailer promotions for the highly anticipated Insomniac Games title have already started appearing. The State of Play broadcast will feature significant gameplay footage and is likely to reveal details about Collector's Editions.- The Paradox of Too Many Games: Why Finding Your Next Favorite Is Harder Than Ever - Walkthrough, Tips, ReviewThe abundance of games available on PC, particularly on platforms like Steam, has created a 'discovery problem' where players struggle to find new titles due to decision paralysis. Current storefront algorithms and discovery tools are insufficient for navigating massive catalogs, leading to a reliance on manual curation and community recommendations. Furthermore, the issue of game preservation is highlighted, with a significant percentage of older games becoming inaccessible through legitimate channels, further complicating discovery for players seeking unique experiences.