Sustainability Of 2025 Step-UpAn unusually large one‑year jump sets a high baseline that may be difficult to replicate. If new series, promotions, or one‑off drivers fade, revenue growth and expanded margins could revert toward prior trends, pressuring profitability and making near‑term performance dependent on continuous hit releases.
FCF Growth Lagging Profit SurgeFree cash flow rising slower than revenue and profit implies incremental working capital or investment needs as the business scales (inventory, store openings, Robo Shops). That dynamic can compress cash conversion or force higher capex/working capital, reducing financial optionality if growth normalizes.
Rising Absolute Debt In 2025Although leverage remains low on a ratio basis, the increase in absolute debt adds fixed obligations and amplifies funding risk if growth or margins soften. Persistent use of incremental debt could limit flexibility for M&A, buybacks, or defensive measures in a downturn.