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Plastic uptick: Lego's sales have stacked in recent years

Plastic uptick: Lego's sales have stacked in recent years

Through brick and thin

Even with Lego’s modern legacy of movies, games, and theme parks, most of us think of Lego in its purest form: bright plastic bricks that can be built into whatever shape your creativity takes, from cars, to condos, to the Colosseum.

Despite the playful design and imaginative spirit that Lego is known for today, its roots actually trace back to the Great Depression. Ole Kirk Christiansen, a carpenter from Billund, Denmark, noticed that the demand for home construction and furniture was waning. To sustain his livelihood, Ole Kirk pivoted to making wooden toys in the early 1930s, which he initially traded for food for him and his family. Two years later, he christened his venture Lego, a name derived from the Danish phrase "leg godt", meaning "play well".

Plastic uptick

Lego's foray into plastic — the precursor to Lego we know today, dubbed by Christiansen as ‘automated binding bricks’ —  didn’t start until 1947, when the material was still novel. However, sales stacked quickly, with plastic toys accounting for half of Lego's production by 1951. A devastating warehouse fire, which consumed the wooden toy inventory, forced the family to fully embrace their plastic future — a transition that marked the beginning of Lego’s meteoric rise. By the mid-1960s, Lego was sold in 40+ countries, and, by the 1990s, the company was one of the world’s largest toy manufacturers.

However, by the early noughties, Lego was struggling. Sales plummeted almost 30% in 2003, pushing the company close to bankruptcy. Seeking a revitalization, Lego appointed its first non-family member CEO, Jørgen Vig Knudstorp, who sold off non-essential parts of the business and went back to basics: halving the number of LEGO pieces produced, cutting jobs, and — perhaps most crucially of all — asking kids what they actually wanted to play with.

AFOLogy

While tracking playtime proved profitable for Lego — as they noticed that, rather than playing for mindless amusement, children enjoyed trying to master a skill with degrees of difficulty — more mature brick enthusiasts have also played a part in Lego’s present-day prosperity.

Indeed, Lego has an enormous legion of AFOLs (Adult Fans Of Lego). Whether driven by nostalgia, the need for stress relief, or just wanting to show people a self-completed 7,541-pieceMillenium Falcon, more adults are discovering, or rediscovering, the joy of Lego. In turn, the company has embraced the trend, designing retro-themed builds (like the $270 Pac-Man set released earlier this year) that tap into adults’ sentimental seeking of childhood favorites, with many AFOLs interested in the "displayability" of Lego sets, like Lego typewriters, Lego bonsai trees… or even a 9,090-piece Titanic model.

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OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News
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business

Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

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