Lego Sales Jump 21% on World Cup Sets
Lego Sales Jump 21% on World Cup Sets
The News
Lego posted record first-half revenue on Tuesday as soccer World Cup and Formula 1 sets pulled in new customers, with sales up 21% from a year earlier.
The Danish toymaker reported revenue of 41.9 billion Danish kroner, about $6.54 billion, for the six months to June 30, up from 34.6 billion kroner in the first half of 2025.
Operating profit rose 22% to 10.9 billion kroner — roughly $1.7 billion — and net profit rose 32% to 8.6 billion kroner. Free cash flow came in at 2.1 billion kroner, up from 1.7 billion a year earlier.
Lego said growth was strong in the Americas, Europe and Asia Pacific. Sales by its retail clients to consumers rose 22%.
Timeline
Lego launched more than 330 new sets, another record, including a $199.99 replica of the official FIFA World Cup trophy, Pokémon sets built on its new interactive bricks, and K-Pop Demon Hunters sets. CNBC put the count at 332.
the company rolled out Smart Play, a platform that adds sensors to brick sets so they react to movement, play sound and light up, and opened its long-awaited Pokémon partnership.
Lego began building its largest solar installation so far at Billund, Denmark, home of its headquarters and the original Legoland park.
Lego released its biannual earnings report.
Reactions
"We are very pleased with our strong start to 2026 and the excitement we see for the LEGO brand," chief executive Niels Christiansen said in a statement. "Our product portfolio offers something for everyone, and culturally relevant brand experiences continue to drive demand across the globe."
Christiansen told CNBC that even with macroeconomic uncertainty, Lego is selling well at both ends of its price range — from a $30 Star Wars N-1 Starfighter aimed at kids to a nearly 2,000-piece version at $250.
"What is really nice is that we're growing fast with kids now," he said. "We're also growing with adults. And the fact that we can master both and we can kind of cover the universe of consumers and not just a segment of it. I think that's also been very crucial."
He told CNBC that new partnerships "bring in those who have not necessarily seen their passion point really that well represented in the Lego brand before," adding: "So I think that has recruited new consumers. We've also seen that we retain consumers really, really well, and we're selling more to those we have."
Christiansen told Reuters the K-Pop Demon Hunters sets were particularly popular with girls, and that "the product portfolio is really, really strong and it hits new passion points in this first half."
The British Toy and Hobby Association has described an "evolving era of play, where toys are increasingly embedded in wider cultural moments, enjoyed by all the family."
What's Next
Lego is building a factory and distribution center in Virginia, aiming to open by the middle of 2027, as it moves production closer to its main markets.
The Billund solar park — 160,000 panels producing 99 GWh a year, enough to match the company's electricity use in the town — is due to start operating in 2027.
Lego also says it will finish converting its remaining packaging lines to paper-based bags across all factories by 2027.
The bigger question for the second half is cost. Christiansen said higher oil prices have pushed up the price of the plastics Lego uses and the company might see an impact later in the year, though it has not been significant so far.
More
The oil spike traces to the Iran war, according to the Jerusalem Post, which reported that global prices rose during the Israeli-US strikes on Iran and the subsequent blockade of the Strait of Hormuz.
"We are impacted by higher oil prices, but because we purchase so much non-fossil-fuel-based material that is less correlated to the oil price, we've actually been able to manage relatively well," Christiansen said. Lego is shifting toward renewable and recyclable materials for its bricks.
Lego has been taking market share from rivals Mattel and Hasbro, helped by film and entertainment tie-ups and by making more sets aimed at adults as well as children. The Guardian reported that "kidults" — buyers aged 12 and over — account for £1 of every £3 spent on toys in the UK, and that the group spent 10% more in 2025 than the year before, citing market research firm Circana.
The company employs 34,000 people, Christiansen said, calling their work "a real highlight."
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