Video games Workshop is as soon as once more anticipating large earnings regardless of an anticipated slowdown in licensing income from blockbuster online game Warhammer 40,000: House Marine 2.
Video games Workshop’s foremost enterprise is the sale of miniatures followers assemble and paint to be used in tabletop wargames, akin to Warhammer 40,000. However it’s more and more an IP enterprise, with enormous income from smash hit video video games akin to 2024’s Warhammer 40,000: House Marine 2, and animations, akin to Amazon’s Warhammer 40,000 Secret Stage episode. Final yr, Video games Workshop and Amazon finalized a deal for Henry Cavill’s Warhammer 40,000 Cinematic Universe, which can contain the creation of movies and tv sequence. House Marine 3 can be in growth.
In a buying and selling replace, the Nottingham, UK-based tabletop wargame firm mentioned it now expects revenues of a minimum of £310 million for the six months to the top of November 2025, which might quantity to a 15% rise from the identical interval final yr. Pre-tax revenue is anticipated to be about £135 million for the half yr, up from £126.8 million final yr. Shares in Video games Workshop had been up 12.8% on the information this morning.
That’s regardless of anticipated licensing income of a minimum of £16 million, which might be down from the £30.1 million reported throughout the identical interval final yr.
House Marine 2 could be essentially the most profitable Warhammer 40,000 online game ever made. It bought over 7 million copies lower than a yr after occurring sale, and, based on Saber Interactive exec Tim Willits, modified every part for the studio. Even Video games Workshop itself has talked in regards to the cash it’s produced from House Marine 2, and protagonist Titus is now main the cost on the subsequent narrative growth of the Warhammer 40,000 setting.
In January, Video games Workshop mentioned it was on the hunt for the subsequent blockbuster Warhammer online game, however CEO Kevin Rountree additionally expressed a level of warning on potential future online game success, admitting hits like House Marine 2 are few and much between. “We recognise that successes like these for Warhammer usually are not a given on the earth of video video games,” Rountree mentioned on the time. “Clearly we’re on the lookout for the subsequent one. We stay cautious when forecasting royalty revenue.”
In the meantime, Video games Workshop had warned that Donald Trump’s tariff plans may harm its earnings by as much as £12 million, but it surely appears the impression has but to considerably boring monetary efficiency.
Video games Workshop’s main enterprise is in fact the sale of tabletop wargames and their miniatures, with an expansive bricks and mortar retail enterprise offering a basis for the interest. In July, Video games Workshop mentioned {that a} “cute wanting pipistrelle bat” was “delaying our work on our new non permanent automobile park.” Sure, actually.
Picture by Uli Deck/image alliance through Getty Photographs.
Wesley is Director, Information at IGN. Discover him on Twitter at @wyp100. You possibly can attain Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.
