Games Workshop is riding a major Warhammer high, handing out £20 million (about $27 million) in bonuses to its roughly 1,500 staff (around £13,300 each) after another blockbuster year. Over the 52 weeks to June 1, 2025, core revenue jumped to £560 million (from £494.7 m) and licensing revenue climbed to £50 million (from £31 m), pushing pretax profits up to £255 million (from £203 m).
While the company’s bread-and-butter remains its iconic tabletop miniatures, it’s increasingly cashing in on IP—video games like Space Marine 2 (and a Space Marine 3 in the works), Amazon’s Secret Level animation, and a Henry Cavill–fronted Warhammer 40K cinematic universe deal. Licensing hit record highs this year (though it may ease off next), but with fresh Warhammer Skulls announcements (hello, Dawn of War Definitive Edition and Space Marine 2’s Siege Mode), the 40K juggernaut shows no signs of slowing.
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