Asmodee Group AB (publ) (ASMDEE_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Asmodee Q3 Report 2025-26. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Thomas Kogler and CFO Andrea Gasparini. Please go ahead. Good morning and welcome to our third quarter result presentation for the fiscal year 2526, where I am very happy to report the strongest sale in EBITDA performance in the history of Asmodee, accompanied by a healthy free cash flow and a solid balance sheet. Looking at games published by partners, sales increased by 50.3% and were driven by successful TCG releases. including Mega Evolution, Phantasmal Flames, the latest Pokemon trading card expansion. TCGs published by Bandai also contributed to sales growth, including the continued success of One Piece and its latest set, Carrying on His Will. The launch of Magic the Gathering, Avatar the Last Airbender this quarter was met with high player demand. And this quarter also saw the successful release of the highly anticipated TCG from the League of Legends universe, Riftbound, with Asmodee acting as a leading distribution partner in Europe. Sales of games published by Asmodee Studios decreased by 12.7% against an exceptionally strong performance in the same quarter last year. The development reflects a combination of factors isolated to the US that Andrea will walk you through in more details. Important to note that games published by Asmodee Studios achieved overall stable performance in Europe. This quarter saw high-profile transmedia announcements. The Werewolves of Midas Hollow unscripted game show is slated to expand to more than 10 new territories through a deal with BunnyJ. Furthermore, together with Netflix, we announced an all-encompassing media p...