Jakks Pacific, Inc. · NASDAQ:JAKK
Jakks Pacific — Q2 2025 Earnings Presentation
29 slides from Jakks Pacific's earnings presentation, Jul 24, 2025
Slide 1: Second Quarter 2025 Earnings Presentation
Second Quarter 2025 Earnings Presentation July 24, 2025 5:00 PM Eastern / 2:00 PM Pacific Registration: 2Q25 Registration link Webcast: 2Q25 Webcast link 1
Slide 2: Executive Team on the Call
EXECUTIVE TEAM ON THE CALL STEPHEN BERMAN Chairman & Chief Executive Officer JOHN KIMBLE Executive Vice President & Chief Financial Officer 2
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT The Company would like to point out that any comments made about JAKKS Pacific's future performance, events or circumstances, including the estimates of sales and/or Adjusted EBITDA in 2025, as well as any other forward-looking statements concerning 2025 and beyond are subject
Slide 4: Second Quarter Results / First-Half Results
Second Quarter Results First-Half Results • Q2 Net sales were $119.1 million, a year-over- • 1H Net sales were $232.3 million, a year-over- year decrease of 20% year decrease of 3% • Q2 Gross margin of 32.8%, up from 32.0% vs. Q2 • 1H Gross margin of 33.6%, up from 28.8% vs. 1H 2024 2024 • Gross pro
Slide 5: Second Quarter Net Sales
2025 Second Quarter Net Sales $ Millions $250 $220.4 $200 $166.9 $148.6 $150 $112.4 $119.1 $100 $50 $0 2021 2022 2023 2024 2025 YoY % Change: 96% (24)% (11)% (20)% 5
Slide 6: Second Quarter Toys/Consumer Products Net Sales
2025 Second Quarter Toys/Consumer Products Net Sales $ Millions $200 $148.9 $150 $117.9 $104.6 $100 $81.5 $80.4 $50 $0 2021 2022 2023 2024 2025 YoY % Change: 83% (21)% (11)% (23)% 6
Slide 7: Second Quarter Toys/Consumer Products Net Sales
2025 Second Quarter Toys/Consumer Products Net Sales $ Millions NA TOY/CP INTL TOY/CP $150 $30 $129.2 $21.9 $96.0 $19.6 $19.7 $100 $89.8 $20 $14.2 $14.8 $67.4 $60.7 $50 $10 $0 $0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 92% (26)% (6)% (32)% 38% 12% (33)% 33% YoY % Change YoY % Change 7
Slide 8: Second Quarter Costumes Net Sales
2025 Second Quarter Costumes Net Sales $ Millions $100 $80 $71.6 $60 $49.0 $44.0 $38.7 $40 $30.8 $20 $0 2021 2022 2023 2024 2025 YoY % Change: 132% (32)% (10)% (12)% 8
Slide 9: Second Quarter Gross Margin %
2025 Second Quarter Gross Margin % 40.0% 35.0% 32.8% 32.0% 30.7% 30.0% 28.4% 27.6% 25.0% 20.0% 2021 2022 2023 2024 2025 YoY % Change: (80) bps 310 bps 130 bps 80 bps 9
Slide 10: Second Quarter Adj. EBITDA and Adj. Net Income
2025 Second Quarter Adj. EBITDA and Adj. Net Income $ Millions Q2 ADJ EBITDA Q2 ADJ NET INCOME $40 $30 $21.1 $30 $27.1 $20 $13.3 $20.7 $20 $10 $7.3 $12.3 $0.4 $10 $0 $5.0 ($2.3) $2.3 $0 ($10) 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 4.4% 12.3% 12.4% 8.3% 1.9% (2.1)% 9.6% 8.0% 4.9% 0.3% Adj.
Slide 11: First Half Net Sales
2025 First Half Net Sales $ Millions $400 $341.3 $300 $274.4 $238.7 $232.3 $196.2 $200 $100 $0 2021 2022 2023 2024 2025 YoY % Change: 74% (20)% (13)% (3)% 11
Slide 12: First Half Toys/Consumer Products Net Sales
2025 First Half Toys/Consumer Products Net Sales $ Millions $300 $260.0 $215.8 $200 $187.5 $187.8 $161.4 $100 $0 2021 2022 2023 2024 2025 YoY % Change: 61% (17)% (13)% 0% 12
Slide 13: First Half Toys/Consumer Products Net Sales
2025 First Half Toys/Consumer Products Net Sales $ Millions NA TOY/CP INTL TOY/CP $300 $60 $221.7 $42.0 $38.2 $37.8 $200 $40 $173.9 $158.3 $150.0 $29.1 $135.0 $26.4 $100 $20 $0 $0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 64% (22)% (9)% (5)% 45% 10% (31)% 30% YoY % Change YoY % Change 13
Slide 14: First Half Costumes Net Sales
2025 First Half Costumes Net Sales $ Millions $100 $81.3 $80 $58.6 $60 $51.2 $44.5 $40 $34.8 $20 $0 2021 2022 2023 2024 2025 YoY % Change: 134% (28)% (13)% (13)% 14
Slide 15: First Half Gross Margin %
2025 First Half Gross Margin % 35.0% 33.6% 30.1% 30.0% 29.6% 28.8% 26.6% 25.0% 20.0% 2021 2022 2023 2024 2025 YoY % Change: (300) bps 350 bps (130) bps 480 bps 15
Slide 16: First Half Adj. EBITDA and Adj. Net Income
2025 First Half Adj. EBITDA and Adj. Net Income $ Millions 1H ADJ EBITDA 1H ADJ NET INCOME $40 $40 $29.1 $19.6 $18.4 $20 $20 $9.3 $2.5 $2.7 $0.0 $0 $0 ($4.9) ($4.0) ($11.9) ($20) ($20) 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 1.3% 8.5% 7.1% (2.1)% 1.1% (6.0)% 5.4% 3.4% (1.7)% 0.0% Adj. EBIT
Slide 17: Second Quarter Inventory - 2024 vs 2025 (Worldwide)
Second Quarter Inventory - 2024 vs 2025 (Worldwide) $ Millions $100 $71.8M $75 $16.9 $51.3M $50 $9.7 $25 $54.9 $41.6 $0 2024 2025 In-Transit Inventory less In-Transit 17
Slide 18: Cost of importation to the US negatively impacting all Q2 results
Cost of importation to the US negatively impacting all Q2 results. $323 $322 Net Sales $310 ($ Million) 69 58 99 $237 $220 25 $188 53 $167 37 $149 175 177 35 125 158 12 $132 $127 $131 $121 $119 $113 $112 86 $107 23 20 38 41 31 9 $90 $84 29 36 77 88 121 14 17 60 56 63 70 85 64 69 56 59 62 72 57 44 64
Slide 19: Top Entertainment Properties
Top Entertainment Properties 2021 2022 2023 2024 2025 The Super Mario Disney Frozen 2 Disney Encanto Bros. Movie The Simpsons The Simpsons (Fall 2019) (Fall 2021) (Spring 2023) Disney The Little Disney Raya and Sonic the Mermaid Disney Moana 2 Disney Moana 2 the Last Dragon Hedgehog 2 (Live Action)
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Slide 23: Condensed Consolidated Statements of Operations
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 Δ (%) 2025 2024 Δ (%) (In thousands, except per share data) (In thousands, except per share data) Net sales $ 119,094 $ 148,619 (20) % $ 23
Slide 24: Condensed Consolidated Balance Sheets - Assets
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) June 30, December 31, 2025 2024 2024 (In thousands) Assets Current assets: Cash and cash equivalents $ 38,195 $ 17,700 $ 69,936 Restricted cash 4,861 202 201 Accounts receivable, net 124,489 140,006 131,629 Invent
Slide 25: Condensed Consolidated Balance Sheets - Liabilities and Stockholders' Equity
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) June 30, December 31, 2025 2024 2024 (In thousands) Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 65,422 $ 55,368 $ 42,560 Accounts payable - Meisheng (related party) - 19,130 13,461
Slide 26: Key Balance Sheet Data
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) Supplemental Balance Sheet and Cash Flow Data (Unaudited) June 30, Key Balance Sheet Data: 2025 2024 Accounts receivable days sales outstanding (DSO) 95 86 Inventory turnover (DSI) 82 46 Six Months Ended June 30,
Slide 27: Reconciliation of Non-GAAP Financial Information: EBITDA and Adjusted EBITDA
JAKKS Pacific, Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Information (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 Δ ($) 2025 2024 Δ ($) (In thousands) (In thousands) EBITDA and Adjusted EBITDA Net income (loss) $ (2,319) $ 5,266 $ (7,585) $ (4,701) $ (
Slide 28: Reconciliation of Non-GAAP Financial Information: Adjusted net income
JAKKS Pacific, Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Information (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 Δ ($) 2025 2024 Δ ($) (In thousands, except per share data) (In thousands, except per share data) Adjusted net income (loss) attributable
Slide 29: Net Sales by Division and Geographic Region
JAKKS Pacific, Inc. and Subsidiaries Net Sales by Division and Geographic Region (In thousands) QTD Q2 (In thousands) YTD Q2 % Change % Change % Change % Change Divisions 2025 2024 2023 2025 v 2024 2024 v 2023 Divisions 2025 2024 2023 2025 v 2024 2024 v 2023 Toys/Consumer Products $80,379 $104,570 $