Lego Launches In-House Video Game Development Team Amid Record Sales
The Danish toymaker is expanding its digital footprint as it diversifies beyond physical toys and reports a 13% revenue growth in 2024.
- Lego is creating its own video game development division, marking a shift from its reliance on external studios for its digital games.
- The company has tripled its software development workforce since 2022, investing heavily in hybrid digital and physical play experiences.
- Lego's 2024 revenue grew 13% to DKK 74.3 billion ($10.9 billion), outperforming competitors in a declining global toy market.
- Key partnerships, including a popular Lego Fortnite mode and upcoming collaborations with Nike and Formula 1, aim to attract diverse age groups and interests.
- Lego's CEO emphasized a long-term approach to innovation and market challenges, including geopolitical uncertainties like potential US tariffs.