JAKKS Pacific(US:JAKK)2025-07-24 21:00Financial Performance - Q2 2025 - Net sales decreased by 19.9% year-over-year to $119.1 million, compared to $148.6 million in Q2 2024 [10, 60, 61] - Gross profit decreased by 18% to $39.0 million, compared to $47.6 million in Q2 2024 [10, 48] - Operating loss was $2.8 million, compared to an operating income of $7.6 million in Q2 2024 [10] - Adjusted EBITDA decreased to $2.3 million, compared to $12.3 million in Q2 2024 [10] - Adjusted net income attributable to common stockholders was $0.4 million (or $0.03 per share), compared to $7.3 million (or $0.65 per share) in Q2 2024 [10] - Gross margin increased to 32.8%, up from 32.0% in Q2 2024 [10, 20] Financial Performance - First Half 2025 - Net sales decreased by 2.7% year-over-year to $232.3 million, compared to $238.7 million in 1H 2024 [10, 60, 61] - Gross profit increased by 14% to $78.0 million, compared to $68.6 million in 1H 2024 [10, 48] - Operating loss decreased to $6.5 million, compared to an operating loss of $13.7 million in 1H 2024 [10] - Adjusted EBITDA increased to $2.7 million, up from a loss of $4.9 million in 2024 [10] - Gross margin increased to 33.6%, up from 28.8% in 1H 2024 [10, 32] Sales by Division - Q2 2025 - Toys/Consumer Products net sales decreased by 23.1% to $80.4 million, compared to $104.6 million in Q2 2024 [14, 60] - Costumes net sales decreased by 12.1% to $38.7 million, compared to $44.0 million in Q2 2024 [18, 60] Sales by Region - Q2 2025 - United States net sales decreased by 30.9% to $87.0 million, compared to $125.8 million in Q2 2024 [61] - Europe net sales increased by 42.8% to $14.7 million, compared to $10.3 million in Q2 2024 [61]