Fantasy miniatures retailer and Warhammer IP owner Games Workshop Group PLC (LSE:GAW) is expected to disclose a 16% drop in licensing revenues to £12 million at its interim earnings call on 9 January.
However, in its latest trading update, Games Workshop said the core business was still going well with revenue from models to be at least £235 million (2022/23: £212.3 million),
Group profits will also be at least £94 million (£83.6 million), with models at £82 million (2022/23: £70.7 million) though here, too, licensing will be lower at £11 million (£12.9 million).
The group said it will up its payout to employees 66% to £2,500 in cash each, costing £7.5 million and up from £4.5 million a year ago.
Investors will be keen to hear an update on Games Workshop’s tie-in with Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) to create a series based on its hit Warhammer 40k IP.
It is expected to be a huge licensing opportunity for Games Workshop, though it could be at least three years before the first episode airs.