TL;DRCohen called physical game sales irrelevant on Bloomberg TV, said collectibles drive GameStop now, and kept steering back to his rejected eBay bid.
GameStop CEO Ryan Cohen dismissed the decline of physical video game sales as “totally, totally irrelevant” to the company’s business in an interview on Bloomberg TV on Thursday. Cohen was responding to Sony’s announcement earlier this month that it will end physical disc production for new PlayStation games in 2028. “It doesn’t matter at all,” he said.
The numbers support the claim, at least partially. In GameStop’s most recent quarter, software sales, which include both physical and digital copies of games, accounted for just 18 percent of total revenue. Collectibles, driven by trading cards from games like Pokémon, have overtaken every other category and now make up 41 percent of the business.
Cohen used the interview to reiterate that his long-term strategy centers on acquiring eBay, where GameStop submitted a roughly $56 billion bid that eBay’s board rejected in May. He said a combined GameStop and eBay could be “a $1 trillion business” with substantial compatibility in the sale of physical goods and collectibles. GameStop has continued buying eBay shares and now holds a stake of nearly eight percent.
