The game company’s Q3 brought record net sales of €524.1 million, with CEO Thomas Kœgler confident in “continued growth” in 2026
Asmodee posted its biggest sales quarter to date between October and December 2025, with net sales reaching €524.1 million.
Net sales increased by 22.2 per cent, with organic growth of 25.6 per cent. Adjusted profit/loss for the quarter was €64.4 million.
The quarter also reflected a shift in the company’s partner-driven business. Games published by Asmodee fell around 13 per cent, while games published by partners soared by my than half (50.3 per cent).
CEO Thomas Kœgler said the milestone performance was primarily driven by sales in Europe, fuelled by the continued upward trajectory of the trading card games (TCG) category.
“I am very pleased with this past quarter, which marks the strongest sales and EBITDA performance in the history of Asmodee,” he said.
“The third quarter is structurally the strongest quarter in our financial year and this year featured increased business activity, major consumer events including the international game show SPIEL Essen, and high-profile transmedia partnerships that further extended the reach of our brands,” he added. “Our performance this quarter continues to underscore the strength of our diversified ecosystem across products and geographies, and I would like to extend my gratitude to our teams, business partners, and players whose dedication continues to drive our success.”
Kœgler said the company expects this growth to continue, with new TCG releases, as well as LEGO and Middle-earth games set for release in 2026.
“This past quarter demonstrates the strength of our business model and our ability to capture opportunities as they arise, working closely with our long-standing partners,” he said. “Supported by strong underlying trends in TCGs, the current market environment reinforces my confidence that our diversified portfolio positions us to deliver continued growth.”
