Games Workshop is once again expecting big profits despite an expected slowdown in licensing revenue from blockbuster video game Warhammer 40,000: Space Marine 2.
Games Workshop’s main business is the sale of miniatures fans assemble and paint for use in tabletop wargames, such as Warhammer 40,000. But it is increasingly an IP business, with huge revenue from smash hit video games such as 2024's Warhammer 40,000: Space Marine 2, and animations, such as Amazon’s Warhammer 40,000 Secret Level episode. Last year, Games Workshop and Amazon finalized a deal for Henry Cavill's Warhammer 40,000 Cinematic Universe, which will involve the creation of films and television series. Space Marine 3 is also in development.
In a trading update, the...