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?
citizenjones on
How about renaming it to ‚*Just Stop*‘
MannToots on
Sounds any right. They are making bank from other revenue streams.
MeMahi on
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.
Randym1982 on
GameStop now rebrands itself as The Stop.
BENGCakez on
Ai bots working overtime
cyclops_overlooks on
He’s right. They sell collectibles far more than games.
Flannel_Panels on
The math is on the website so its true.
Lauren_Conrad_ on
Half cash. Half stock.
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.
mahaanus on
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.
Chubbyclouds on
Once they acquire Ebay they won’t need games
Vanthan on
Bro, it’s literally in your name.
Major-Check-1953 on
It is part of the name.
Thebadmamajama on
GamesStopped
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
PopularPandas on
Ready for the AI pivot to GameSlop
arktoki on
Dayum bbgirl are you a Game because Stop
smartlog on
It comes from over priced product lol
Trubrewski91 on
Now branding as TCG Stop
Hellcinder on
Whoa. MTV vibes.
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?
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.
SnooCompliments4484 on
target stopped selling targets in 1974, just sayin…
Centurion_83 on
Are people still buying their stock hoping for another crazy short sell?
WabbitFire on
Well yeah? It’s a collectables company now that’s angling for that sweet gambling revenue.
Comp625 on
Once upon a time, this was something straight out of The Onion.
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.
AttakZak on
And this right here is what is destroying quality: moronic CEOs who think they are truly intelligent.
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?
zushiba on
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.
Rebelfraggle on
What’s in a name?
lbfm333 on
this is why I told yall that ps5 going fully digital wouldn’t make a dent on the company
No-Consideration-716 on
I read they are gonna convert the stores to gachapon stores.
Academic_Antelope292 on
So change your name to something else.
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.
hsggdtkxbee on
Let me translate for you “Sony fucked us. We’re fucked. Goodbye. “
Darkhuman007 on
That’s why your stores are Irrelevant to Gamers.
Hi_Im_Ken_Adams on
I really want to know who is buying all of those Funkopop bobble heads.
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39 Kommentare
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?
How about renaming it to ‚*Just Stop*‘
Sounds any right. They are making bank from other revenue streams.
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.
GameStop now rebrands itself as The Stop.
Ai bots working overtime
He’s right. They sell collectibles far more than games.
The math is on the website so its true.
Half cash. Half stock.
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.
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.
Once they acquire Ebay they won’t need games
Bro, it’s literally in your name.
It is part of the name.
GamesStopped
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
Ready for the AI pivot to GameSlop
Dayum bbgirl are you a Game because Stop
It comes from over priced product lol
Now branding as TCG Stop
Whoa. MTV vibes.
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?
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.
target stopped selling targets in 1974, just sayin…
Are people still buying their stock hoping for another crazy short sell?
Well yeah? It’s a collectables company now that’s angling for that sweet gambling revenue.
Once upon a time, this was something straight out of The Onion.
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.
And this right here is what is destroying quality: moronic CEOs who think they are truly intelligent.
“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?
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.
What’s in a name?
this is why I told yall that ps5 going fully digital wouldn’t make a dent on the company
I read they are gonna convert the stores to gachapon stores.
So change your name to something else.
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.
Let me translate for you “Sony fucked us. We’re fucked. Goodbye. “
That’s why your stores are Irrelevant to Gamers.
I really want to know who is buying all of those Funkopop bobble heads.