IDW Media Holdings sales in its fiscal year ended October 31, 2025 were down 12.5%, according to the company’s annual report, with both book channel and the comic direct market contributing to the decline.
Sales were down $3.4 million for the year, from $26.4 million in 2024 to $23 million 2025. The book channel accounted for $2.2 million of the decline, which the company attributed to “weak backlist of licensed titles”; and the comic direct market was down $949,000 due to tough comps against strong licensed title sales the previous year. Returns were down and direct-to-consumer sales were up, offsetting some of the declines.
Despite the sales drop, losses were $1.4 million, nearly identical to the losses in the previous year. Cutting inventory write-offs helped improve margins as sales declined. IDW ended up writing off $702,000 in Diamond debt, which it had estimated at just under $750,000 a couple of quarters ago (see “Diamond Bankruptcy Impact“), so not quite as bad as expected. We note that the Diamond write-off was half of the company loss, a sign that profitability may improve for the company in the future.
Source: ICv2
