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    39 Kommentare

    1. CynicalMelody on

      I mean he’s not wrong. Isn’t all their cashflow basically from raising a ton of money from dumbasses and then putting that money in treasuries and interest bearing accounts?

    2. Software now accounts for less than 12% of GameStop’s revenue, while collectibles was at 42% in Q1 and rising at +60% YoY (currently over 50% according to the CEO). They recently had their most profitable Q1 ever in history, largely driven by collectibles. Their new trading card product *Power Packs* is so popular that they are struggling to get inventory.

      It’s just not the same company anymore, software to GameStop is what gaming is to NVIDIA.

    3. ListerfiendLurks on

      If you would have told me 20 years ago, when toys r us was going bankrupt and video games were starting to really boom, that GameStop would turn into a toy store I would not believe you.

    4. I’ve been thinking this since Walmart reduced its gaming section – even if publishers want to keep physical alive, less and less distributors are willing to carry them.

    5. TheMannisApproves on

      Any time I’ve been in a GameStop over the last decade, it was just incredibly many Funko pops and other collectible figures and stuff. General nerd things, with shrinking video game sections

    6. KingWizard87 on

      How much of that do we think is just bullshit though as they don’t want the stock price to be affected by the news?

    7. Aranthos-Faroth on

      They’ve been shockingly successful at pivoting their business.

      NGL kinda sad the days of going in to browse endless amounts of games to find a good deal are gone but I also haven’t done that for 20 years.

      Not really sure how long the cheap Chinese mass produced DeBeers restricted toy collectors market is going to last but fair fucks, I’m impressed.

    8. Well yeah? It’s a collectables company now that’s angling for that sweet gambling revenue.

    9. Altruistic-Map5605 on

      I think it would be interesting for them to step into the tabletop space as a more commercial way to sell non GW miniature games and products. LGSs can be super hit or miss on this. Mine only sells the games he’s interested in and that Warhammer and flames of war. Price is good. Other than that he sells magic cards to keep things afloat. The other LGS in driving distance has lots of products but is sketchy no prices on anything until checkout and it’s always higher than I think it really should be.

    10. And this right here is what is destroying quality: moronic CEOs who think they are truly intelligent.

    11. ForgottenFuturist on

      “It doesn’t matter at all,” Cohen said. “Software, it mattered in the past. Software today makes up less than 12% of the business, and collectables makes up over half the business. So, it’s totally, totally irrelevant.”

      … what about the other 38% of the business?

    12. They have been for a long time. The margins on game sales have always been pretty shit. There’s a reason they pushed subscriptions to their magazines back in the late 2000’s. Used games have always been essentially a side hustle too. They make their money in merch now and that’s about it.

    13. this is why I told yall that ps5 going fully digital wouldn’t make a dent on the company

    14. DrippyBurritoMD on

      I walked into one for the first time in a decade last week. It looked like a flea market with a massive section of scalped Pokémon products.

    15. hsggdtkxbee on

      Let me translate for you “Sony fucked us. We’re fucked. Goodbye. “

    16. Hi_Im_Ken_Adams on

      I really want to know who is buying all of those Funkopop bobble heads.

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