tonies

Tonies says revenue reached €630m in 2025 and first-half 2026 revenue grew 38% (currency-adjusted 41%). For 2026 the company expects an adjusted EBITDA margin of 9–11% and positive free cash flow after a cash outflow of €64m in H1, driven by inventory build-up, product launches and US tariffs. Key growth drivers are the lower‑priced Toniebox Lite, exclusive US distribution at Walmart and licensing partnerships (including Pokémon, Bluey, Hasbro, Bayern München). Tonies targets €1.4bn in revenue by 2030 and an adjusted EBITDA margin of 16–18%, and highlights data‑driven, subscription‑like customer retention through figure sales. » Plus sur de.investing.com

MWB Research has confirmed its rating for tonies at "Buy" with a price target of €17.25 following the half-year results. Thanks to its US business, the toy maker beat expectations in the first half and saw robust demand for Tonieboxes and figurines. US tariffs and a higher share of lower‑margin Tonieboxes have temporarily reduced profitability. » Plus sur finanzen.net

Tonies reports currency-adjusted revenue growth of 41% to EUR 243m in the first half of 2026, accelerating to 49% in the second quarter. North America is driving growth (H1 +57%, Q2 +85%); the company launched the Toniebox Lite and expanded content partnerships. Gross margin fell to 64.3% (prior year 70.9%) and adjusted EBITDA margin was 0.7% in H1; free cash flow was lower than a year earlier. Tonies confirmed its full-year guidance of at least EUR 760m in revenue and an adjusted EBITDA margin of 9–11%; the stock fell about 4.2% in pre-market trading. » Plus sur de.investing.com