Ryan Cohen
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GameStop Sets A New Financial Record, And It’s No Thanks To Games
GameStop reported a record operating income of $160.2 million for its fiscal Q2, driven by a 57% surge in collectible sales. Despite overall net sales falling due to fewer game sales and international store closures, the company's focus on collectibles has become its primary revenue driver. CEO Ryan Cohen suggested potential expansion into live commerce and digital item marketplaces.
GameStop (GME) held $5 billion in cash and nearly $5 billion in eBay stock as of August 1
GameStop has announced preliminary Q2 2026 earnings, revealing it holds $5 billion in cash and $5 billion in eBay stock. Despite repeated rejections from eBay, GameStop and CEO Ryan Cohen continue to pursue an acquisition. Michael Burry notably sold his stake in GameStop in May 2026.
After eBay’s Resounding Rejection, GameStop Reconsiders Its $56 Billion Acquisition Bid
GameStop CEO Ryan Cohen is reportedly reconsidering his $56 billion acquisition bid for eBay after the latter rejected the offer. Cohen is now exploring a partnership between the two companies to sell collectible items and digital gaming assets. GameStop currently holds a 9.8% stake in eBay.
GameStop (GME) stock crashes 12% on $1.4 billion convertible senior notes private exchange for stock
GameStop announced a private exchange of approximately $1.4 billion in convertible senior notes for shares of its Class A common stock. This move reduces the company's debt obligations without using cash, though it results in shareholder dilution. The exchange is expected to close around September 23, 2026.
Sega Won’t Ditch Physical Media, But Says Digital Expansion Is Vital
Sega president Shuji Utsumi stated that while digital expansion is vital for global reach, the company remains committed to producing physical media. He acknowledged the industry's shift towards digital distribution for 'full games' on consoles and PCs, but emphasized valuing the culture of physical releases and aiming to balance both formats. This stance contrasts with Ubisoft CEO Yves Guillemot's view that the end of PlayStation disc production won't significantly disturb the industry.
Analyst Says Sony Killing Physical PS5 Games “Dooms” Brick-And-Mortar Stores
Analyst Michael Pachter believes Sony's decision to discontinue physical PlayStation 5 game releases in January 2028 will be the "death knell" for brick-and-mortar game retailers. While the move may save Sony money, Pachter argues it is anti-consumer and ignores the significant role the used game market plays for consumers and retailers like GameStop, whose business is increasingly reliant on collectibles and hardware.
Physical Games Are “Irrelevant” To GameStop’s Business, Says CEO
GameStop CEO Ryan Cohen stated that physical games are irrelevant to the company's business, with software now making up less than 12% of revenue while collectibles and hardware comprise the majority. He expressed indifference to PlayStation's potential shift away from physical discs, emphasizing the company's focus on other revenue streams like collectibles and his ambition to acquire eBay.
GameStop CEO says Sony's axing of physical games 'doesn't matter at all' in a statement sure to…
GameStop CEO Ryan Cohen stated that Sony's decision to end physical game production for PlayStation titles from 2028 is 'totally irrelevant' to the company. He noted that physical and digital games only account for 18% of GameStop's revenue, with collectibles making up the majority of their business. This stance comes amidst consumer backlash over the move away from physical media and concerns about digital ownership.
GameStop CEO Says Physical Games Media “is Totally, Totally Irrelevant”
GameStop CEO Ryan Cohen stated that physical game media is "totally, totally irrelevant" to the company's business model, shifting focus to trading card games. This comes as Sony Interactive Entertainment plans to end PlayStation disc production in January 2028, a move analysts believe is permanent despite backlash. Experts suggest Sony will not reverse the decision due to the profitability of digital sales.
Physical games don't matter, says GameStop CEO: "It is totally, totally irrelevant"
GameStop CEO Ryan Cohen stated that physical game discs are irrelevant to the company's business, even as Sony plans to cease production of physical PlayStation discs by 2028. Cohen emphasized that both physical and digital game sales now constitute only 18% of GameStop's revenue, with the collectables business being the primary revenue driver.
You Can Now Order Games And Consoles From GameStop With Uber Eats
GameStop has partnered with Uber Eats, allowing customers to order games, consoles, and collectibles through the delivery app. This collaboration expands Uber Eats' retail offerings, which already include stores like Best Buy and Target. The article also touches on GameStop CEO Ryan Cohen's ongoing pursuit of acquiring eBay and the potential impact of Sony phasing out physical game discs on GameStop's business model.
GameStop Is Not Hurting After Sony Kills Discs, And There Is A Good Reason Why
Despite 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.
GameStop CEO Came Up With Plan To Buy eBay On The Toilet, Wants It To Become Re-Seller Of Digital Gaming Items
GameStop 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 Finance
Tencent 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 – Report
GameStop 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 Just Posted Its Highest Profit In History, Going Back Decades
Video 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.
'Your proposal is neither credible nor attractive:' eBay rejects GameStop takeover bid
eBay has rejected an unsolicited takeover proposal from GameStop, with the eBay board stating the offer was neither "credible nor attractive." GameStop CEO Ryan Cohen's proposal, valued at $55.5 billion, was met with skepticism regarding its financing. eBay's board cited concerns about financing uncertainty, impact on long-term growth, and operational risks as reasons for rejection.
eBay rejects acquisition proposal from GameStop (GME)
GameStop CEO Ryan Cohen's unsolicited proposal to acquire eBay was rejected by the company. The proposal was made by Cohen in his capacity as CEO of GameStop.
"Your Proposal Is Neither Credible Nor Attractive" - eBay Rejects GameStop's Takeover Bid
eBay has officially rejected GameStop's $55.5 billion takeover bid, with Chairman Paul S. Pressler stating the proposal was "neither credible nor attractive." The company cited concerns about financing, operational risks, and eBay's standalone prospects. GameStop CEO Ryan Cohen previously expressed a desire to make eBay a stronger competitor to Amazon.
eBay shoots down 'neither credible nor attractive' $56 billion GameStop offer from CEO who says 'I'm…
eBay has rejected a $56 billion acquisition offer from GameStop, stating the proposal was neither credible nor attractive. GameStop CEO Ryan Cohen expressed his determination to pursue the deal despite eBay's rejection. eBay's board cited the company's strong performance and strategic focus as reasons for declining the offer.
