GameStop CEO Dismisses Sony's Disc-Less Move as Irrelevant, Citing Collectibles Growth
GameStop CEO Ryan Cohen stated that Sony's plan to halt physical game disc production by 2028 is 'totally irrelevant' to the company's business, as software now accounts for less than 12% of revenue. Speaking to BloombergTech, Cohen emphasized that collectibles, including apparel, toys, and trading cards, now drive over half of GameStop's business. This comes amid GameStop's controversial $56 billion unsolicited bid to acquire eBay, which eBay's board rejected as 'neither credible nor attractive.' GameStop's FY2025 financials show software revenue dropped 27% to $729.3 million (20.1% of total), while collectibles surged 47% to $1.06 billion (29.2%). Hardware and accessories remain the largest category at $1.84 billion (50.7%). Cohen plans to take the eBay offer directly to shareholders.
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