GameStop CEO Declares Physical Games Irrelevant To Its Future

GameStop CEO Ryan Cohen dismissed Sony’s plan to phase out physical discs, arguing that physical media and software are no longer central to the business and that collectibles and hardware drive most revenue; in Q1 2026 collectibles accounted for about 41.8% of revenue with hardware and accessories near 40%, while software was the smallest slice. Cohen also emphasized his push to merge with eBay to create a much larger business, and the stock market largely shrugged off the digital shift as the retailer pivots toward non-software revenue streams.