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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2025
JAKKS PACIFIC, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-35448 | 95-4527222 | ||
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
| 2951 28th Street, Santa Monica, California | 90405 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (424) 268-9444
Securities registered or to be registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||
| Common Stock, $.001 par value | JAKK | NASDAQ Global Select Market |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On April 29, 2025, we issued a press release announcing our first quarter results for 2025. Following the issuance of the press release, on April 29, 2025 at 5:00 p.m. ET / 2:00 p.m. PT, we will host a teleconference and webcast for analysts, investors, media and others to discuss the results and other business topics. Such financial information included in the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Item 8.01. Other Events.
On February 29, 2025, we issued a press release announcing that our Board of Directors declared a quarterly cash dividend of $0.25 per common share. The dividend will be payable on June 27, 2025 to shareholders of record at the close of business on May 30, 2025. A copy of such release is annexed hereto as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits |
| Exhibit | Description | ||
| 10.1 | April 29, 2025 Press Release | ||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JAKKS PACIFIC, INC. | ||
| Dated: April 29, 2025 | ||
| By: | /s/ JOHN L. KIMBLE | |
| John L. Kimble, | ||
| CFO | ||
Exhibit 10.1
JAKKS PACIFIC REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS
Sales up 26% vs. prior year; Board approves 25 cent quarterly dividend
SANTA MONICA, California, April 29, 2025 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the first quarter ended March 31, 2025.
First Quarter 2025
| ● | Net sales were $113.3 million, a year-over-year increase of $23.2 million or 26%, driven in part by demand for product related to last quarter’s film releases | |
| ● | Gross margin of 34.4% vs. 23.4% in Q1 2024, driven by improved margin of new product launches along with significantly reduced inventory obsolescence expense and retailer markdowns | |
| ● | Gross profit of $39.0 million, up $17.9 million compared to $21.1 million in Q1 2024 | |
| ● | Operating loss of $3.8 million, compared to an operating loss of $21.3 million in Q1 2024 | |
| ● | Adjusted net loss attributable to common stockholders (a non-GAAP measure) of $0.4 million (or $0.03 per share), compared to an adjusted net loss attributable to common stockholders of $11.3 million (or $1.09 per share) in Q1 2024 | |
| ● | Adjusted EBITDA (a non-GAAP measure) of $0.4 million vs. $(17.2) million in Q1 2024 |
Management Commentary
“We are happy to share our results after a strong start to the year
at JAKKS. We’ve seen great consumer reaction year-to-date with solid consumer sales across major accounts and major markets.”
said Stephen Berman, Chairman and CEO of JAKKS Pacific. ““It has certainly been a moment of reflection to see our industry’s
long-standing tradition of building substantial global partnerships come under scrutiny. Yet rather than viewing this as a setback, we
see it as an opportunity to showcase the agility, innovation, and resilience that define not only our industry — but especially
JAKKS as a nimble, focused company.
We’re proud to have restored our fortress balance sheet — a critical milestone for our long-term success. We have maintained a strong liquidity position and a prudent capital structure that not only shields us in times of volatility but also positions us to move swiftly on growth opportunities. This disciplined approach gives us the confidence to invest in our future with a flexible financial foundation — even when the external environment is less predictable. In 2023, we eliminated all long-term debt and completed the repurchase of our preferred stock, giving us a clean and stable balance sheet. This not only enhances our ability to respond quickly to market shifts but also allows us to dedicate more energy and focus to driving our core business forward and pursuing new, high-potential opportunities.
We continue to create products that resonate with consumers globally, and we’re especially excited about what’s coming to market over the next twelve months. While the current environment in the United States has presented some unique challenges — particularly in the month of April — our foresight in building up strong infrastructure and capable teams in Europe and Latin America is already paying off. These regions are delivering real growth, and we see significant runway ahead.
We remain actively engaged in monitoring the evolving situation in the U.S. and are positioning ourselves to maximize performance in 2025, while keeping our medium- and long-term goals firmly in sight. We believe our seasoned team, global presence, and financial strength give us a clear advantage in navigating uncertainty — and ultimately emerging stronger.”
The Board of Directors has declared a quarterly dividend of $0.25 per share on the company’s common stock, payable June 27, 2025, to shareholders of record May 30, 2025.
First Quarter 2025 Results
Net sales for the first quarter of 2025 were $113.3 million, up 26% versus $90.1 million last year. The Toys/Consumer Products segment sales were up 30% globally to $107.4 million and sales of Costumes were down 19% to $5.8 million compared to last year. North America sales were $92.2 million, up from $73.8 million last year. International sales were $21.0 million, up from $16.3 million last year, led by a 100+% increase from Europe, which grew from $5.7 million to $11.8 million.
The Company’s cash and cash equivalents (including restricted cash) totaled $59.4 million as of March 31, 2025, compared to $35.5 million at the same time last year, and to $70.1 million as of December 31, 2024. Inventory was $53.2 million, compared to $46.3 million in total inventory as of March 31, 2024, and $52.8 million as of December 31, 2024.
Use of Non-GAAP Financial Information
In addition to the preliminary results reported in accordance with U.S. GAAP included in this release, the Company has provided certain non-GAAP financial information including Adjusted EBITDA and Adjusted Net Income (Loss) that exclude various items that are detailed in the financial tables and accompanying footnotes reconciling GAAP to non-GAAP results contained in this release. The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures.
We define Adjusted EBITDA as income (loss) from operations before depreciation, amortization and adjusted for certain non-recurring and non-cash charges, such as reorganization expenses and restricted stock compensation expense. Net income (loss) is similarly adjusted and tax-effected to arrive at Adjusted Net Income (Loss). Adjusted EBITDA and Adjusted Net Income (Loss) are not recognized financial measures under GAAP, but we believe that they are useful in measuring our operating performance, enhance an overall understanding of the Company’s past financial performance, and provides useful information to the investor by comparing our performance across reporting periods on a consistent basis. Investors should not consider these measures in isolation or as a substitute for net income, operating income, or any other measure for determining the Company’s operating performance that is calculated in accordance with GAAP. In addition, because these measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies.
The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures. See “Use of Non-GAAP Financial Information” for additional disclosures with respect to the use of non-GAAP financial information.
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific’s business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially form what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS specifics products, product mix, the timing of customers orders and deliveries, the imposition, threat or uncertainty of tariffs, including reciprocal or retaliatory tariffs, the impact of competitive products and pricing, or that any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.
Conference Call Live Webcast
JAKKS Pacific, Inc. invites analysts, investors, and media to listen to the teleconference scheduled for 5:00 p.m. ET / 2:00 p.m. PT on April 29, 2025. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at www.jakks.com/investors. To access the call by phone, please go to this link (1Q25 Registration link), and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at (www.jakks.com/investors).
About JAKKS Pacific, Inc.:
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer
of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular
proprietary brands include: AirTitans®, Disguise®, Fly Wheels®, JAKKS Wild Games®, Moose Mountain®, Maui®, Perfectly
Cute®, ReDo® Skateboard Co., Sky Ball®, SportsZone™, Xtreme Power Dozer®, WeeeDo®, and Wild Manes™ as
well as a wide range of entertainment-inspired products featuring premier licensed properties. Through our products and our charitable
donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram
(@jakkspacific.toys), X (@jakkstoys) and Facebook (@jakkspacific.toys).
Forward Looking Statements
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific’s business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS Pacific’s products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, or that any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.
| CONTACT: |
| JAKKS Pacific Investor Relations |
|
(424) 268-9567 Lucas Natalini; investors@jakks.net |
JAKKS Pacific, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
| March 31, | December 31, | |||||||||||
| 2025 | 2024 | 2024 | ||||||||||
| (In thousands) | ||||||||||||
| Assets | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 59,188 | $ | 35,290 | $ | 69,936 | ||||||
| Restricted cash | 207 | 202 | 201 | |||||||||
| Accounts receivable, net | 95,611 | 79,875 | 131,629 | |||||||||
| Inventory | 53,163 | 46,341 | 52,780 | |||||||||
| Prepaid expenses and other assets | 19,854 | 19,087 | 14,141 | |||||||||
| Total current assets | 228,023 | 180,795 | 268,687 | |||||||||
| Property and equipment | 142,493 | 138,066 | 142,623 | |||||||||
| Less accumulated depreciation and amortization | 124,592 | 122,694 | 126,981 | |||||||||
| Property and equipment, net | 17,901 | 15,372 | 15,642 | |||||||||
| Operating lease right-of-use assets, net | 52,721 | 22,965 | 53,254 | |||||||||
| Deferred income tax assets, net | 70,404 | 68,142 | 70,394 | |||||||||
| Goodwill | 35,085 | 34,997 | 35,111 | |||||||||
| Other long-term assets | 1,737 | 2,063 | 1,781 | |||||||||
| Total assets | $ | 405,871 | $ | 324,334 | $ | 444,869 | ||||||
| Liabilities, Preferred Stock and Stockholders’ Equity | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | $ | 44,489 | $ | 31,683 | $ | 42,560 | ||||||
| Accounts payable - Meisheng (related party) | - | 8,689 | 13,461 | |||||||||
| Accrued expenses | 37,200 | 37,201 | 48,456 | |||||||||
| Reserve for sales returns and allowances | 26,229 | 27,859 | 35,817 | |||||||||
| Income taxes payable | 1,093 | - | 1,035 | |||||||||
| Short term operating lease liabilities | 9,806 | 8,237 | 8,091 | |||||||||
| Total current liabilities | 118,817 | 113,669 | 149,420 | |||||||||
| Long term operating lease liabilities | 47,110 | 15,961 | 48,433 | |||||||||
| Accrued expenses - long term | 2,909 | 3,183 | 2,563 | |||||||||
| Income taxes payable | 2,009 | 3,295 | 3,620 | |||||||||
| Total liabilities | 170,845 | 136,108 | 204,036 | |||||||||
| Stockholders’ equity: | ||||||||||||
| Common stock, $.001 par value | 11 | 11 | 11 | |||||||||
| Additional paid-in capital | 295,931 | 292,024 | 297,198 | |||||||||
| Accumulated deficit | (44,860 | ) | (88,117 | ) | (39,692 | ) | ||||||
| Accumulated other comprehensive loss | (16,556 | ) | (16,192 | ) | (17,184 | ) | ||||||
| Total JAKKS Pacific, Inc. stockholders’ equity | 234,526 | 187,726 | 240,333 | |||||||||
| Non-controlling interests | 500 | 500 | 500 | |||||||||
| Total stockholders’ equity | 235,026 | 188,226 | 240,833 | |||||||||
| Total liabilities, preferred stock and stockholders’ equity | $ | 405,871 | $ | 324,334 | $ | 444,869 | ||||||
Supplemental Balance Sheet and Cash Flow Data (Unaudited)
| March 31, | ||||||||
| Key Balance Sheet Data: | 2025 | 2024 | ||||||
| Accounts receivable days sales outstanding (DSO) | 76 | 81 | ||||||
| Inventory turnover (DSI) | 64 | 61 | ||||||
| Three Months Ended March 31, |
||||||||
| Condensed Cash Flow Data: | 2025 | 2024 | ||||||
| Cash flows used in operating activities | $ | (1,700 | ) | $ | (12,863 | ) | ||
| Cash flows used in investing activities | (3,065 | ) | (3,634 | ) | ||||
| Cash flows used in financing activities and other | (5,977 | ) | (20,565 | ) | ||||
| Increase in cash, cash equivalents and restricted cash | $ | (10,742 | ) | $ | (37,062 | ) | ||
| Capital expenditures | $ | (2,070 | ) | $ | (2,228 | ) | ||
JAKKS Pacific, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended March 31, |
||||||||||||
| 2025 | 2024 | Δ (%) | ||||||||||
| (In thousands, except per share data) | ||||||||||||
| Net sales | $ | 113,253 | $ | 90,076 | 26 | % | ||||||
| Less: Cost of sales | ||||||||||||
| Cost of goods | 54,626 | 53,821 | 1 | |||||||||
| Royalty expense | 18,168 | 13,776 | 32 | |||||||||
| Amortization of tools and molds | 1,446 | 1,427 | 1 | |||||||||
| Cost of sales | 74,240 | 69,024 | 8 | |||||||||
| Gross profit | 39,013 | 21,052 | 85 | |||||||||
| Direct selling expenses | 8,696 | 8,097 | 7 | |||||||||
| General and administrative expenses | 33,961 | 34,192 | (1 | ) | ||||||||
| Depreciation and amortization | 113 | 87 | 30 | |||||||||
| Selling, general and administrative expenses | 42,770 | 42,376 | 1 | |||||||||
| Loss from operations | (3,757 | ) | (21,324 | ) | (82 | ) | ||||||
| Other income (expense): | ||||||||||||
| Other income (expense), net | 5 | 138 | (96 | ) | ||||||||
| Interest income | 362 | 376 | (4 | ) | ||||||||
| Interest expense | (155 | ) | (143 | ) | 8 | |||||||
| Loss before benefit from income taxes | (3,545 | ) | (20,953 | ) | (83 | ) | ||||||
| Benefit from income taxes | (1,163 | ) | (6,728 | ) | (83 | ) | ||||||
| Net loss | (2,382 | ) | (14,225 | ) | (83 | ) | ||||||
| Net loss attributable to non-controlling interests | - | 280 | nm | |||||||||
| Net loss attributable to JAKKS Pacific, Inc. | $ | (2,382 | ) | $ | (14,505 | ) | (84 | )% | ||||
| Net loss attributable to common stockholders | $ | (2,382 | ) | $ | (13,175 | ) | (82 | )% | ||||
| Loss per share - basic & diluted | $ | (0.21 | ) | $ | (1.27 | ) | ||||||
| Shares used in loss per share - basic & diluted | 11,146 | 10,354 | ||||||||||
| Three Months Ended March 31, |
||||||||||||
| 2025 | 2024 | Δ bps | ||||||||||
| Fav/(Unfav) | ||||||||||||
| Net sales | 100.0 | % | 100.0 | % | - | |||||||
| Less: Cost of sales | ||||||||||||
| Cost of goods | 48.3 | 59.7 | 1,140 | |||||||||
| Royalty expense | 16.0 | 15.3 | (70 | ) | ||||||||
| Amortization of tools and molds | 1.3 | 1.6 | 30.0 | |||||||||
| Cost of sales | 65.6 | 76.6 | 1,100 | |||||||||
| Gross profit | 34.4 | 23.4 | 1,100 | |||||||||
| Direct selling expenses | 7.7 | 9.0 | 130 | |||||||||
| General and administrative expenses | 29.9 | 38.0 | 810 | |||||||||
| Depreciation and amortization | 0.1 | 0.1 | - | |||||||||
| Selling, general and administrative expenses | 37.7 | 47.1 | 940 | |||||||||
| Loss from operations | (3.3 | ) | (23.7 | ) | 2,040 | |||||||
| Other income (expense): | ||||||||||||
| Other income (expense), net | - | 0.2 | ||||||||||
| Interest income | 0.3 | 0.4 | ||||||||||
| Interest expense | (0.1 | ) | (0.2 | ) | ||||||||
| Loss before benefit from income taxes | (3.1 | ) | (23.3 | ) | ||||||||
| Benefit from income taxes | (1.0 | ) | (7.5 | ) | ||||||||
| Net loss | (2.1 | ) | (15.8 | ) | ||||||||
| Net loss attributable to non-controlling interests | - | 0.3 | ||||||||||
| Net loss attributable to JAKKS Pacific, Inc. | (2.1 | )% | (16.1 | )% | ||||||||
| Net loss attributable to common stockholders | (2.1 | )% | (14.6 | )% | ||||||||
JAKKS Pacific, Inc. and Subsidiaries
Reconciliation of Non-GAAP Financial Information (Unaudited)
| Three Months Ended March 31, |
||||||||||||
| 2025 | 2024 | Δ ($) | ||||||||||
| (In thousands) | ||||||||||||
| EBITDA and Adjusted EBITDA | ||||||||||||
| Net loss | $ | (2,382 | ) | $ | (14,225 | ) | $ | 11,843 | ||||
| Interest expense | 155 | 143 | 12 | |||||||||
| Interest income | (362 | ) | (376 | ) | 14 | |||||||
| Benefit from income taxes | (1,163 | ) | (6,728 | ) | 5,565 | |||||||
| Depreciation and amortization | 1,559 | 1,514 | 45 | |||||||||
| EBITDA | (2,193 | ) | (19,672 | ) | 17,479 | |||||||
| Adjustments: | ||||||||||||
| Other (income) expense, net | (5 | ) | (138 | ) | 133 | |||||||
| Restricted stock compensation expense | 2,552 | 2,575 | (23 | ) | ||||||||
| Adjusted EBITDA | $ | 354 | $ | (17,235 | ) | $ | 17,589 | |||||
| Adjusted EBITDA/Net sales % | 0.3 | % | (19.1 | )% | 1940 bps | |||||||
| Trailing Twelve Months Ended March 31, |
||||||||||||
| 2025 | 2024 | Δ ($) | ||||||||||
| (In thousands) | ||||||||||||
| TTM EBITDA and TTM Adjusted EBITDA | ||||||||||||
| TTM net income | $ | 46,043 | $ | 29,206 | $ | 16,837 | ||||||
| Interest expense | 1,107 | 3,591 | (2,484 | ) | ||||||||
| Interest income | (827 | ) | (1,603 | ) | 776 | |||||||
| Provision for income taxes | 11,097 | 1,488 | 9,609 | |||||||||
| Depreciation and amortization | 10,091 | 10,659 | (568 | ) | ||||||||
| TTM EBITDA | 67,511 | 43,341 | 24,170 | |||||||||
| Adjustments: | ||||||||||||
| Loss from joint ventures (JAKKS Pacific, Inc. - 51%) | - | 276 | (276 | ) | ||||||||
| Loss from joint ventures (Meisheng - 49%) | - | 289 | (289 | ) | ||||||||
| Other (income) expense, net | (169 | ) | (263 | ) | 94 | |||||||
| Restricted stock compensation expense | 9,512 | 8,513 | 999 | |||||||||
| Change in fair value of preferred stock derivative liability | - | 8,176 | (8,176 | ) | ||||||||
| Molds and tooling capitalization | - | (1,751 | ) | 1,751 | ||||||||
| Loss on debt extinguishment | - | 1,023 | (1,023 | ) | ||||||||
| TTM Adjusted EBITDA | $ | 76,854 | $ | 59,604 | $ | 17,250 | ||||||
| TTM Adjusted EBITDA/TTM Net sales % | 10.8 | % | 8.6 | % | 220 bps | |||||||
| Three Months Ended March 31, |
||||||||||||
| 2025 | 2024 | Δ ($) | ||||||||||
| (In thousands, except per share data) | ||||||||||||
| Adjusted net loss attributable to common stockholders | ||||||||||||
| Net loss attributable to common stockholders | $ | (2,382 | ) | $ | (13,175 | ) | $ | 10,793 | ||||
| Restricted stock compensation expense | 2,552 | 2,575 | (23 | ) | ||||||||
| Tax impact of additional charges | (524 | ) | (657 | ) | 133 | |||||||
| Adjusted net loss attributable to common stockholders | $ | (354 | ) | $ | (11,257 | ) | $ | 10,903 | ||||
| Adjusted loss per share - basic & diluted | $ | (0.03 | ) | $ | (1.09 | ) | $ | 1.06 | ||||
| Shares used in adjusted earnings (loss) per share - basic & diluted | 11,146 | 10,354 | 792 | |||||||||
JAKKS Pacific, Inc. and Subsidiaries
Net Sales by Division and Geographic Region
| (In thousands) | Q1 | |||||||||||||||||||
| Divisions | 2025 | 2024 | 2023 | % Change 2025 v 2024 |
% Change 2024 v 2023 |
|||||||||||||||
| Toys/Consumer Products | $ | 107,438 | $ | 82,910 | $ | 97,893 | 29.6 | % | -15.3 | % | ||||||||||
| Dolls, Role-Play/Dress Up | 55,463 | 40,574 | 47,843 | 36.7 | % | -15.2 | % | |||||||||||||
| Action Play & Collectibles | 42,881 | 33,008 | 37,846 | 29.9 | % | -12.8 | % | |||||||||||||
| Outdoor/Seasonal Toys | 9,094 | 9,328 | 12,204 | -2.5 | % | -23.6 | % | |||||||||||||
| Costumes | $ | 5,815 | $ | 7,166 | $ | 9,591 | -18.9 | % | -25.3 | % | ||||||||||
| Total | $ | 113,253 | $ | 90,076 | $ | 107,484 | 25.7 | % | -16.2 | % | ||||||||||
| (In thousands) | Q1 | |||||||||||||||||||
| Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 |
% Change 2024 v 2023 |
|||||||||||||||
| United States | $ | 88,944 | $ | 70,430 | $ | 80,443 | 26.3 | % | -12.4 | % | ||||||||||
| Europe | 11,810 | 5,735 | 10,162 | 105.9 | % | -43.6 | % | |||||||||||||
| Latin America | 7,459 | 7,996 | 9,204 | -6.7 | % | -13.1 | % | |||||||||||||
| Canada | 3,279 | 3,370 | 4,054 | -2.7 | % | -16.9 | % | |||||||||||||
| Asia | 751 | 965 | 1,380 | -22.2 | % | -30.1 | % | |||||||||||||
| Australia & New Zealand | 613 | 1,346 | 1,608 | -54.5 | % | -16.3 | % | |||||||||||||
| Middle East & Africa | 397 | 234 | 633 | 69.7 | % | -63.0 | % | |||||||||||||
| TOTAL JAKKS | $ | 113,253 | $ | 90,076 | $ | 107,484 | 25.7 | % | -16.2 | % | ||||||||||
| (In thousands) | Q1 | |||||||||||||||||||
| Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 |
% Change 2024 v 2023 |
|||||||||||||||
| North America | $ | 92,223 | $ | 73,800 | $ | 84,497 | 25.0 | % | -12.7 | % | ||||||||||
| International | 21,030 | 16,276 | 22,987 | 29.2 | % | -29.2 | % | |||||||||||||
| Total | $ | 113,253 | $ | 90,076 | $ | 107,484 | 25.7 | % | -16.2 | % | ||||||||||