Asmodee reported sales increases for the U.S. and world but showed a loss for the quarter and half-year ended September 30.
The U.S. sales increase of 3.4% (to $63.5 million from $61.4 million in the year ago quarter, all numbers converted to dollars from Euros at today’s exchange rate) paled in comparison to the overall Asmodee growth rate of 20.7% (to $464.7 million, from $384.8 million a year ago). The big difference was TCGs. In addition to its own Star Wars Unlimited and partially owned Altered TCG, which it distributes in the U.S., Asmodee distributes numerous powerful brands in other territories, including Pokemon TCG, Magic: The Gathering, and the Bandai lines.
Asmodee’s U.S. sales trends were weaker in the April to June quarter (its fiscal Q1), pulling the overall sales trend negative for the half-year ended September 30, down to a 2.9% decline for the period.
CEO Thomas Koegler commented on the U.S. market in his shareholder letter, noting softer consumer sentiment overall and unfavorable foreign exchange. Asmodee has implemented selective price increases to partially offset the tariff impact, and is undertaking steps to optimize its supply chain, Koegler wrote.
Asmodee lost $7.1 million in the quarter, a big flip from the $9.4 million profit in the same quarter last year. Operating profit was a solid 13%, similar to the year ago period, but there were higher financial expenses, lower financial income, and a higher provision for income taxes in the 2025 quarter. The loss was $9 million for Asmodee’s fiscal first half ended September 30, a flip from a $1.5 million profit in the same half-year in 2024.
On the M&A side, Koegler pointed to the company’s acquisitions of CMON IPs Zombicide and Cthulhu: Death May Die (see “Asmodee Picks Up“), and said that asmodee intends to acquire the remaining minority stake in Exploding Kittens in the coming quarter. Asmodee first announced the acquisition of a share in Exploding Kittens in 2021 (see “Asmodee Invests“).
Source: ICv2
