All articles tagged with #gamestop
GameStop is selling used PlayStation 5 Pro consoles for $1,399.99, exceeding the $899.99 price of new units. An internal memo confirms this markup is intentional due to severe stock shortages driven by the upcoming Grand Theft Auto 6 launch and global memory chip constraints.
GameStop has raised the price of used PlayStation 5 Pro consoles to $1,399.99 for digital models and $1,499.99 for disc versions, exceeding the $899.99 cost of new units. An internal memo confirms the markup is intentional due to severe stock shortages driven by the upcoming launch of Grand Theft Auto VI and ongoing memory chip constraints.
GameStop has raised the price of pre-owned PlayStation 5 Pro consoles to $1,400 for digital editions and $1,500 for physical versions, exceeding the $900 cost of new units. This pricing strategy, confirmed by an internal memo, reflects severe supply shortages driven by the upcoming November launch of Grand Theft Auto VI.
GameStop is raising the price of used PlayStation 5 Pro consoles to $1,399 for digital editions and $1,499 for physical versions, exceeding the current new retail price of $899. This move, effective October 6, 2026, reflects severe stock shortages driven by the upcoming November 19 launch of Grand Theft Auto VI. While new units remain out of stock at major retailers, used units are now priced higher due to intense consumer demand and scalper activity.
GameStop posted a Q2 record operating income of $160.2 million and net income of $298.7 million as total revenue fell to $790.2 million, pressured by the Switch 2 launch and store closures. The standout was a 57% rise in collectibles sales to $356.3 million (45.1% of net sales), with video games and pre-owned revenue down. The company cut SG&A expenses and lifted its adjusted EBITDA outlook to $650 million for the year ending Jan 30, 2027, while pursuing live-commerce initiatives and a potential digital-items marketplace; it continues to pursue a stake in eBay, though bids have been rejected.
GameStop reported Q2 2026 net sales of $790.2 million (down from $972.2 million a year earlier) but achieved a record quarterly operating income of $160.2 million, driven by a 57% increase in Collectibles net sales to $356.3 million. Net income was $298.7 million and adjusted EBITDA was $174.0 million, with the company raising its FY2026 Adjusted EBITDA outlook to over $650 million. The quarter introduced a three-category sales mix (Collectibles, Video Games, Pre-Owned/Refurbished) and ended with about $5.4 billion in liquidity, including roughly $4.9 billion in eBay stock; debt was reduced to about $2.8 billion after recent convertible note exchanges. The release also outlines non-GAAP measures and provides a forward-looking outlook.
Kotaku’s Warp Week revisits GameStop’s 2002 NYSE debut, where the retailer raised $325 million with Barnes & Noble taking a majority stake as it folded Babbage's Etc, FuncoLand and Game Informer into GameStop, a move that valued the new entity at about $972 million and underscored a booming video-game market. Analysts predicted 2002 would be a software-driven year with consoles expanding online capabilities, downloadable games, and tournaments, while retailers faced competition from Toys R Us, Amazon, and Blockbuster.
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.
GameStop CEO Ryan Cohen says software sales now account for less than 12% of the business while collectibles make up over half, signaling a pivot away from traditional game sales as the company eyes other bets like an eBay bid, amid industry moves toward disc-less, digital game launches.
GameStop CEO Ryan Cohen says the end of physical game discs is totally irrelevant to the company’s future, highlighting a pivot toward collectibles like Funko Pops and trading cards where game sales are a minority of revenue. With about 18% of revenue from games and 41% from collectibles, Cohen has pushed for a $55 billion bid to acquire eBay, arguing a GameStop–eBay merger could become a $1 trillion business, even as GTA 6’s digital-only trajectory raises questions about used-game sales.
Nintendo's official Switch 2 camera is on a deep discount at GameStop, dropping to $10 (about 80% off from $55). The accessory supports GameChat video, avatar features, and a wide-angle lens with a privacy shutter, compatible in TV/tabletop/handheld modes and available online or in-store while stocks last.
Engadget reports that GameStop is marking up Pokémon cards well above retail, with 30th Anniversary sets priced far higher than Pokémon Center offerings (e.g., Ascended Heroes boosters around $90 online vs $27 retail), ETBs about $170, and Ultra-Premium Collections up to $600, often not listed online to enable last-minute increases; the piece notes this sparks backlash and outlines potential measures by Nintendo/The Pokémon Company to curb scalping, such as inventory controls and market operator agreements, amid ongoing bot-driven online restocks and in-store shortages.
Kotaku reports that EB Games Australia (GameStop) attracted backlash by listing vastly inflated pre-order prices for the Pokémon TCG 30th Anniversary set to deter scalpers, then rolling prices back for legitimate pre-orders. Critics say the final price still gouges fans since official prices for the set hadn’t been announced and the reduced ETB price of about $120 AUD remains well above MSRP, with Ultra Premium Collection prices even higher. EB Games defended the move as protecting fans, but the gaming community and outlet blasted it as a bait-and-switch that hurts customers.
GameStop is selling the Pokémon 30th Anniversary Elite Trainer Box for $130—nearly triple the typical $50 retail—before official prices are announced, drawing criticism from fans and Reddit users who say the move profits scalpers and harms regular buyers, with some stores experimenting with anti-scalping measures.
Reports from GameStop staff and outlets suggest GTA 6 pre-orders for physical copies are abnormally low because the box only includes a digital download code and no disc, with some stores hitting only single-digit pre-orders against targets of hundreds. This disc-free approach could hurt brick-and-mortar retailers and the used-games market, even as digital pre-orders surge and rumors persist about a later disc release.