Playmates Holdings Limited provided earnings guidance for the year ended 31 March 2024. For the year, the company expects revenue is approximately HKD 261million as compared to HKD 113 million for the corresponding period in 2023. The Group has recorded an unaudited profit before property revaluation and income tax of approximately HKD 91 million for the said three months period as compared to HKD 44 million for the corresponding period in 2023.

The increase is mainly due to the performance of the Company's major subsidiary, Playmates Toys group. The unaudited revenue of Playmates Toys group for the three months ended 31 March 2024 is approximately HKD 221 million as compared to HKD 73 million for the corresponding period in 2023, and the unaudited profit before income tax for the three months ended 31 March 2024 is approximately HKD 65 million as compared to HKD 11 million for the corresponding period in 2023. The favorable comparison was mainly driven by: (i) shipment of its Godzilla x Kong product line, supported by the global release of the Godzilla x Kong: The New Empire movie in March 2024; and (ii) continued shipment of its Teenage Mutant Ninja Turtles (?TMNT?) toy line.

Playmates Toys group expects year-over-year comparison to become more challenging starting in Second Quarter 2024 as it laps the relaunch of its TMNT toy line and the release of Paramount's Teenage Mutant Ninja Turtles: Mutant Mayhem animated movie last summer.