GameStop Mission Statement
Posted: Wed Feb 12, 2025 6:20 am
Who Owns GameStop
Currently, 25.74% of the company is owned by institutional shareholders, 10.63% by insiders, and 63.63% by retail investors. However, Ryan Cohen is the largest individual shareholder in GameStop, owning approximately 13% of the company. As such, Ryan Cohen is the chairman of GameStop.
GameStop's mission is simple: “To deliver customer satisfaction.”
How GameStop Works
GameStop operates by offering video games, video game accessories, headsets, keyboards, stockholder data consumer electronics, and subscriptions to its gaming magazine for a fee. The company receives video games and other accessories from its customers in exchange for credits or cash, and then sells these pre-owned items as part of its stock. Additionally, GameStop has a TV that keeps the public updated on upcoming video game releases, product demos, etc.
How GameStop Makes Money
GameStop typically makes money by selling video games, accessories, and consumer electronics. It also buys these items from its customers in exchange for cash or trade credits. GameStop makes money through its collectibles, hardware and accessories, and software.
Collectibles
Collectibles are video game-related items purchased by video game enthusiasts to express their love for a particular video game. Sales of collectibles account for 11.4% of GameStop’s revenue, generating $228.20 million in the fourth quarter of 2020. However, since 2019, when the company sold $245 million worth of collectibles, collectible sales have witnessed a 7% year-over-year decline. However, GameStop operates 48 collectible stores worldwide, 25 of which are in the United States. In addition to collectibles, GameStop has a print and digital video game magazine, Game Informer, which is subscribed to worldwide.
Currently, 25.74% of the company is owned by institutional shareholders, 10.63% by insiders, and 63.63% by retail investors. However, Ryan Cohen is the largest individual shareholder in GameStop, owning approximately 13% of the company. As such, Ryan Cohen is the chairman of GameStop.
GameStop's mission is simple: “To deliver customer satisfaction.”
How GameStop Works
GameStop operates by offering video games, video game accessories, headsets, keyboards, stockholder data consumer electronics, and subscriptions to its gaming magazine for a fee. The company receives video games and other accessories from its customers in exchange for credits or cash, and then sells these pre-owned items as part of its stock. Additionally, GameStop has a TV that keeps the public updated on upcoming video game releases, product demos, etc.
How GameStop Makes Money
GameStop typically makes money by selling video games, accessories, and consumer electronics. It also buys these items from its customers in exchange for cash or trade credits. GameStop makes money through its collectibles, hardware and accessories, and software.
Collectibles
Collectibles are video game-related items purchased by video game enthusiasts to express their love for a particular video game. Sales of collectibles account for 11.4% of GameStop’s revenue, generating $228.20 million in the fourth quarter of 2020. However, since 2019, when the company sold $245 million worth of collectibles, collectible sales have witnessed a 7% year-over-year decline. However, GameStop operates 48 collectible stores worldwide, 25 of which are in the United States. In addition to collectibles, GameStop has a print and digital video game magazine, Game Informer, which is subscribed to worldwide.