tonies: profitable growth in the first half of the year
tonies, the world's leading digital audio platform for children with the award-winning Toniebox, has completed a strong first half of 2025 with currency-adjusted revenue growth of 20.3% to EUR 176.6 million (H1 2024: EUR 146.8 million) and continued profitability with an adjusted EBITDA margin of 2.1%. The strong revenue performance was primarily driven by increasing international market penetration and the continued launch of successful products.
An overview
- Group revenue rises by 20.3% YoY to EUR 176.6 million in constant currency (cc) in H1 2025
- Continued growth momentum in North America (+28.3% YoY to EUR 70.9 million) and the rest of the world (+76.4% YoY to EUR 34.9 million), DACH at EUR 70.8 million (-1.3% YoY) due to shift effects (all in cc)
- Adjusted EBITDA margin in H1 2025 remains positive at 2.1% (EUR 3.8 million) due to operational excellence in a volatile environment; investments to cushion the impact of tariffs in the second half of the year, in new products and in international expansion – supported by improved contribution margins
- Forecast for fiscal year 2025 points to strong profitable growth: Revenue growth >25% at Group level, >30% in North America, adjusted EBITDA margin 6.5% to 8.5% (all figures in cc)
2025 is expected to be another year of strong profitable growth
Given the strong performance in the first six months of 2025, strong indications of continued high market demand in the second half of the year, particularly in the important year-end quarter, and a better assessment of the global impact of US tariffs, tonies expects strong and profitable growth in fiscal year 2025. The forecast is based on global tariff rates and trade conditions applicable at the time of publication of this report.
Find a detailed overview and more information in the source description.