The short answer: GameStop (NYSE: GME) is a Grapevine, Texas-based retailer of video games and collectibles, run by Ryan Cohen. In 2026 it reported its highest second-quarter operating income ever. It holds bitcoin and a large stake in eBay, and it made an unsolicited offer to buy eBay that eBay rejected.
A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 24, 2026.
Key takeaways
GameStop (NYSE: GME) is a Grapevine, Texas retailer of video games and collectibles, led by CEO Ryan Cohen.
In 2026 it reported its highest second-quarter operating income ever, and it holds bitcoin.
It owns about 9.8% of eBay and offered to buy eBay for $125 a share in May 2026, which eBay rejected.
What is GameStop?
GameStop sells video games, consoles, trading cards and other collectibles through stores and online. Collectibles are now its biggest category. In the quarter ended August 1, 2026, collectibles brought in $356.3 million, or 45.1% of net sales, according to the company's second-quarter results.
Who runs GameStop?
GameStop's board elected Ryan Cohen as President and CEO on September 28, 2023. GameStop's eBay proposal says Cohen "has led GameStop since January 2021," owns about 9% of the company and takes no salary.
How is GameStop doing?
For the second quarter of fiscal 2026, GameStop reported:
Net sales of $790.2 million, down from $972.2 million a year earlier.
Operating income of $160.2 million, which the company called its highest second quarter ever.
Net income of $298.7 million.
Cash, securities and digital assets of about $5.4 billion, plus an eBay stake worth about $4.9 billion.
A raised full-year outlook for adjusted EBITDA of more than $650 million.
GameStop also holds bitcoin. Its quarterly filing says 4,709 bitcoin were pledged to Coinbase as part of a covered-call program, and the company recorded a $75.0 million loss on digital assets in the quarter. GameStop retired about $1.4 billion of convertible notes on September 3, 2026, per the results release.
Did GameStop try to buy eBay?
Yes. On May 3, 2026, GameStop proposed to buy eBay for $125 a share, half in cash and half in stock, valuing eBay's equity at about $55.5 billion. GameStop said TD had provided a "highly confident" letter for up to $20 billion of debt financing, and that Cohen would run the combined company.
eBay rejected the offer on May 12, 2026, calling it "neither credible nor attractive," as CNN also reported. GameStop's 10-Q shows it owns 43,390,383 eBay shares, about 9.8% of the company. As of October 24, 2026, we could not find any announcement of a definitive deal.
What did The Pomp Podcast say about GameStop?
Cohen joined Pomp on the October 13, 2026 episode, "GameStop CEO: The Machines Are Already Smarter Than Us | Ryan Cohen". They talked about AI, GameStop's shareholders, communicating with investors, and mistakes. Quotes below are from the episode, with timestamps.
The episode opens with Cohen on AI:
"I don't think that the machines would ever attack us. But I think ultimately there's a risk that we get so fed up by how productive and how much smarter the robots are than us that we end up attacking the machines and then they attack us"
Cohen said AI has been at the center of everything GameStop does for at least the past few quarters, and that he spends most of his time on the company. On GameStop's investors, he said:
"we have an incredible shareholder base at GameStop"
"they underwrote GameStop basically just based on believing in me."
Asked how a public-company CEO should talk to shareholders, Cohen said GameStop should be judged by its results and financial performance. Asked about mistakes, he said:
"Well, I've screwed up many times."
"I've made a lot of mistakes. But when I end up in a situation like taking over GameStop failure wasn't an option."
Asked what he wants his legacy to be, Cohen answered: "Turning around GameStop."
Every Pomp Podcast episode that discussed GameStop
GameStop came up in 1 recent episode of The Pomp Podcast. Each link opens the YouTube video at that moment.
Oct 13, 2026: GameStop CEO: The Machines Are Already Smarter Than Us | Ryan Cohen. Cohen talked about how GameStop uses AI, its retail shareholder base and how he runs the company. Timestamps: 0:00 (AI and the machines), 3:36 (AI at GameStop), 19:46 (GameStop's shareholders), 23:24 (talking to shareholders), 28:16 (mistakes), 30:17 (legacy).
Watch or listen to the episode
GameStop CEO: The Machines Are Already Smarter Than Us | Ryan Cohen, released October 13, 2026. GameStop's shareholder base comes up at 19:46.
Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.
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GameStop posts results and filings on its investor site.
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Frequently asked questions
What is GameStop?
GameStop is a retailer of video games, consoles and collectibles. Collectibles made up 45.1% of its net sales in the second quarter of fiscal 2026.
Who is the CEO of GameStop?
Ryan Cohen. GameStop's board elected him President and CEO in September 2023, and the company says he has led GameStop since January 2021.
Does GameStop own bitcoin?
Yes. GameStop's latest quarterly filing says 4,709 bitcoin were pledged to Coinbase in a covered-call program.
Is GameStop buying eBay?
GameStop offered to buy eBay for $125 a share in May 2026, and eBay rejected it. GameStop owns about 9.8% of eBay. As of October 24, 2026, no definitive deal had been announced.
Is GameStop profitable?
Yes, in its latest quarter. GameStop reported net income of $298.7 million and operating income of $160.2 million for the second quarter of fiscal 2026.
Sources
Last updated: October 24, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
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This profile is for informational purposes only and reflects reporting available as of October 24, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.
