Video games Workshop is anticipating one other sturdy revenue regardless of an anticipated slowdown in licensing income from its blockbuster online game Warhammer 40,000: House Marines 2.
Video games Workshop’s important enterprise is promoting miniatures that followers construct and paint to be used in tabletop wargames resembling Warhammer 40,000. However the firm has change into extra of an mental property enterprise, with large revenues from blockbuster video video games resembling 2024’s Warhammer 40,000: House Marines 2 and animations resembling Amazon’s Warhammer 40,000 Secret Ranges episode. Final yr, Video games Workshop and Amazon signed a deal for Henry Cavill’s Warhammer 40,000 Cinematic Universe, which is able to embody manufacturing of the movie and tv sequence. House Marine 3 can also be in growth.
The Nottingham, UK-based tabletop wargaming firm stated in a buying and selling replace that it expects to make no less than Β£310m in income for the six months to the tip of November 2025, representing a 15% improve on the identical interval final yr. Pre-tax income for the primary half are anticipated to be round Β£135m, up from Β£126.8m in the identical interval final yr. Video games Workshop inventory rose 12.8% on this morning’s information.
This might be down on the Β£30.1m in the identical interval final yr, though license income is predicted to be no less than Β£16m.
House Marine 2 stands out as the most profitable Warhammer 40,000 online game ever made. It bought greater than 7 million copies in lower than a yr after its launch, and Saber Interactive govt Tim Willits says it modified all the pieces for the studio. Video games Workshop itself has additionally talked concerning the income it has made out of House Marines 2, with protagonist Titus presently spearheading the following narrative enlargement within the Warhammer 40,000 setting.
Video games Workshop introduced in January that it was exploring its subsequent blockbuster online game, Warhammer, however even CEO Kevin Rountree expressed some warning concerning the potential for future online game success, acknowledging that hits like House Marines 2 are few and much between. “We acknowledge that successes like Warhammer’s aren’t taken with no consideration within the online game world,” Rountree stated on the time. “It is clear we’re on the lookout for our subsequent title. We stay cautious in forecasting royalty earnings.”
In the meantime, Video games Workshop had warned that President Donald Trump’s tariff plans may hit its income by as much as Β£12m, however the impression doesn’t but seem to have considerably dampened its monetary efficiency.
Video games Workshop’s important enterprise is, after all, the sale of tabletop wargames and their miniatures, with a big brick-and-mortar retail operation offering the inspiration for the pastime. In July, Video games Workshop introduced that building work on a brand new non permanent car parking zone was being “delayed” attributable to “cute-looking oil bats”. Sure, actually.
Picture by Uli Deck/Picture Alliance by way of Getty Photos.
Wesley is videogameaddicted’s Director of Information. Discover me on Twitter @wyp100. Wesley might be reached at wesley_yinpoole@videogameaddicted.com or confidentially at wyp100@proton.me.